Czech Republic: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in the Czech Republic

The Czech machine-tool for removing material market skyrocketed to $X in 2021, rising by 178% against the previous year. Overall, consumption enjoyed a buoyant expansion. Machine-tool for removing material consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Machine-Tools For Working Any Material By Removal Of Material in the Czech Republic

In value terms, machine-tool for removing material production stood at $X in 2021 estimated in export price. Over the period under review, production saw a deep slump. The most prominent rate of growth was recorded in 2020 with a decrease of 99.9%. Machine-tool for removing material production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from the Czech Republic

In 2021, approx. X units of machine-tools for working any material by removal of material were exported from the Czech Republic; jumping by 62% compared with the previous year. In general, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by 89% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, machine-tool for removing material exports amounted to $X in 2021. Overall, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +39.8% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 41%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Pakistan (X units), Germany (X units) and the UK (X units) were the main destinations of machine-tool for removing material exports from the Czech Republic, with a combined 51% share of total exports. These countries were followed by Poland, Taiwan (Chinese), Slovakia, the United States, Estonia, Brazil, the Netherlands and Russia, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +531.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine-tool for removing material exported from the Czech Republic were Germany ($X), the United States ($X) and Poland ($X), together comprising 35% of total exports. Slovakia, Russia, the UK, Taiwan (Chinese), Brazil, Estonia, the Netherlands and Pakistan lagged somewhat behind, together comprising a further 16%.

Taiwan (Chinese), with a CAGR of +282.7%, 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

The average machine-tool for removing material export price stood at $X per unit in 2021, with a decrease of -36.5% against the previous year. Over the period under review, the export price showed a deep contraction. The pace of growth appeared the most rapid in 2016 an increase of 76%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Pakistan ($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 Russia (+4.7%), while the prices for the other major destinations experienced a decline.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into the Czech Republic

In 2021, the amount of machine-tools for working any material by removal of material imported into the Czech Republic skyrocketed to X units, growing by 102% on the year before. In general, imports showed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for removing material imports surged to $X in 2021. Overall, imports saw a temperate expansion. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of machine-tool for removing material to the Czech Republic, accounting for a 75% share of total imports. Moreover, machine-tool for removing material imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. The third position in this ranking was held by Cyprus (X units), with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +31.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.3% per year) and Cyprus (0.0% per year).

In value terms, Germany ($X) constituted the largest supplier of machine-tools for working any material by removal of material to the Czech Republic, comprising 45% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by Poland, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+23.6% per year) and Poland (+22.8% per year).

Import Prices by Country

In 2021, the average machine-tool for removing material import price amounted to $X per unit, reducing by -20.5% against the previous year. Over the period under review, the import price continues to indicate a deep slump. The growth pace was the most rapid in 2017 an increase of 76%. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average 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 Germany ($X per unit), while the price for Cyprus ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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