Czech Republic: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in the Czech Republic

The Czech lathe for removing metal market surged to $X in 2021, increasing by 58% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Lathe for removing metal consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Lathes For Removing Metal in the Czech Republic

In value terms, lathe for removing metal production reduced rapidly to $X in 2021 estimated in export price. Overall, production saw a abrupt slump. The growth pace was the most rapid in 2017 when the production volume increased by 38% against the previous year. Lathe for removing metal production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Lathes For Removing Metal

Exports from the Czech Republic

In 2021, overseas shipments of lathes for removing metal were finally on the rise to reach X units after two years of decline. Overall, exports, however, recorded a dramatic shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by 167%. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, lathe for removing metal exports declined to $X in 2021. In general, exports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 18% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Slovakia (X units), Germany (X units) and Poland (X units) were the main destinations of lathe for removing metal exports from the Czech Republic, with a combined 62% share of total exports. These countries were followed by Russia, Egypt, Hungary, Italy, Iran, Austria, Romania, Bolivia, Ukraine and the United States, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for Iran (with a CAGR of -12.8%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for lathe for removing metal exported from the Czech Republic were Germany ($X), Italy ($X) and Slovakia ($X), with a combined 48% share of total exports. These countries were followed by Russia, Austria, the United States, Ukraine, Hungary, Poland, Romania, Iran, Egypt and Bolivia, which together accounted for a further 28%.

Among the main countries of destination, Iran, with a CAGR of +22.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lathe for removing metal export price stood at $X per unit in 2021, waning by -20.8% against the previous year. Overall, the export price, however, posted significant growth. The most prominent rate of growth was recorded in 2017 an increase of 861% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Egypt ($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 Romania (+43.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lathes For Removing Metal

Imports into the Czech Republic

Lathe for removing metal imports into the Czech Republic skyrocketed to X units in 2021, increasing by 82% on the year before. Overall, imports showed resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 88%. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, lathe for removing metal imports soared to $X in 2021. In general, imports recorded a relatively flat trend pattern. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Austria (X units), Denmark (X units) and Germany (X units) were the main suppliers of lathe for removing metal imports to the Czech Republic, with a combined 81% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +63.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of lathes for removing metal to the Czech Republic, comprising 44% of total imports. The second position in the ranking was held by Belgium ($X), with an 11% share of total imports. It was followed by Denmark, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+63.5% per year) and Denmark (+49.3% per year).

Import Prices by Country

In 2021, the average lathe for removing metal import price amounted to $X per unit, waning by -26.6% against the previous year. Overall, the import price continues to indicate a pronounced setback. The growth pace was the most rapid in 2016 an increase of 74% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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 Japan ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+29.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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