Czech Republic: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in the Czech Republic

The Czech market for grinding, sanding and polishing machines was finally on the rise to reach $X in 2021, after three years of decline. The market value increased at an average annual rate of +1.0% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Grinding, sanding and polishing machine consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Grinding, Sanding and Polishing Machines in the Czech Republic

In value terms, grinding, sanding and polishing machine production stood at $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 0.4% against the previous year. Grinding, sanding and polishing machine production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Grinding, Sanding and Polishing Machines

Exports from the Czech Republic

In 2021, shipments abroad of grinding, sanding and polishing machines decreased by -12.4% to X units for the first time since 2011, thus ending a nine-year rising trend. Overall, exports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 70%. Over the period under review, the exports attained the peak figure at X units in 2020, and then dropped in the following year.

In value terms, grinding, sanding and polishing machine exports declined rapidly to $X in 2021. Over the period under review, exports, however, enjoyed a slight expansion. The growth pace was the most rapid in 2019 with an increase of 64% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X units), Slovakia (X units) and Poland (X units) were the main destinations of grinding, sanding and polishing machine exports from the Czech Republic, with a combined 78% share of total exports. Hungary and the Netherlands lagged somewhat behind, together comprising a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +54.7%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Slovakia ($X) and Poland ($X) were the largest markets for grinding, sanding and polishing machine exported from the Czech Republic worldwide, together accounting for 35% of total exports. Hungary and the Netherlands lagged somewhat behind, together accounting for a further 8.4%.

Hungary, with a CAGR of +21.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for grinding, sanding and polishing machines amounted to $X per unit, which is down by -7.4% against the previous year. Over the period under review, the export price faced a abrupt decline. The growth pace was the most rapid in 2019 an increase of 29%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (-2.2%), while the prices for the other major destinations experienced a decline.

Imports of Grinding, Sanding and Polishing Machines

Imports into the Czech Republic

In 2021, overseas purchases of grinding, sanding and polishing machines were finally on the rise to reach X units after three years of decline. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 111% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, grinding, sanding and polishing machine imports surged to $X in 2021. In general, imports enjoyed a prominent expansion. The growth pace was the most rapid in 2014 with an increase of 82%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), China (X units) and the Netherlands (X units) were the main suppliers of grinding, sanding and polishing machine imports to the Czech Republic, together comprising 80% of total imports. Poland, Austria, Hungary and Belgium lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +94.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of grinding, sanding and polishing machines to the Czech Republic, comprising 45% of total imports. The second position in the ranking was held by China ($X), with a 9.2% share of total imports. It was followed by Austria, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.5% per year) and Austria (+24.4% per year).

Import Prices by Country

In 2021, the average import price for grinding, sanding and polishing machines amounted to $X per unit, reducing by -27.6% against the previous year. Over the period under review, the import price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when the average import price increased by 70% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+10.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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