Czech Republic: Metal Honing Machine Market 2024

Metal Honing Machine Market Size in the Czech Republic

In 2021, after two years of decline, there was significant growth in the Czech metal honing machine market, when its value increased by 405% to $X. Overall, consumption saw a measured increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Metal Honing Machine Production in the Czech Republic

In value terms, metal honing machine production stood at less than $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume decreased by 99.9% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Metal Honing Machine Exports

Exports from the Czech Republic

In 2021, exports of honing or lapping machines for working metal from the Czech Republic soared to X units, jumping by 610% compared with 2020 figures. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 708%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, metal honing machine exports fell significantly to $X in 2021. Overall, exports posted a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of 760%. The exports peaked at $X in 2020, and then fell dramatically in the following year.

Exports by Country

Poland (X units) was the main destination for metal honing machine exports from the Czech Republic, accounting for a 60% share of total exports. Moreover, metal honing machine exports to Poland exceeded the volume sent to the second major destination, Germany (X units), fourfold. Romania (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland amounted to +100.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+60.7% per year) and Romania (+29.4% per year).

In value terms, Poland ($X) emerged as the key foreign market for honing or lapping machines for working metal exports from the Czech Republic, comprising 52% of total exports. The second position in the ranking was held by Romania ($X), with a 21% share of total exports. It was followed by Germany, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Poland stood at +48.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+113.8% per year) and Germany (+46.8% per year).

Export Prices by Country

In 2021, the average metal honing machine export price amounted to $X per unit, waning by -95.6% against the previous year. In general, the export price saw a deep downturn. The pace of growth appeared the most rapid in 2020 when the average export price increased by 492% against the previous year. As a result, the export price reached the peak level of $X per unit, and then dropped remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per unit), while the average price for exports to Germany ($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 China (+90.9%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Honing Machine Imports

Imports into the Czech Republic

In 2021, approx. X units of honing or lapping machines for working metal were imported into the Czech Republic; rising by 212% against 2020 figures. Overall, imports posted prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal honing machine imports dropped sharply to $X in 2021. Over the period under review, imports enjoyed modest growth. The pace of growth was the most pronounced in 2020 when imports increased by 419%. As a result, imports reached the peak of $X, and then contracted notably in the following year.

Imports by Country

In 2021, the UK (X units) constituted the largest metal honing machine supplier to the Czech Republic, accounting for a 74% share of total imports. Moreover, metal honing machine imports from the UK exceeded the figures recorded by the second-largest supplier, Poland (X units), fivefold. China (X units) ranked third in terms of total imports with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK amounted to +43.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+120.8% per year) and China (-5.2% per year).

In value terms, the largest metal honing machine suppliers to the Czech Republic were the UK ($X), Italy ($X) and Germany ($X), together accounting for 78% of total imports. Poland, China, the United States, Denmark and Switzerland lagged somewhat behind, together comprising a further 21%.

In terms of the main suppliers, Poland, with a CAGR of +326.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average metal honing machine import price amounted to $X per unit, falling by -96.1% against the previous year. Over the period under review, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2020 an increase of 1,054% against the previous year. As a result, import price attained the peak level of $X per unit, and then declined dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+95.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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