Czech Republic: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in the Czech Republic

For the third year in a row, the Czech machine-tool for working metal market recorded decline in sales value, which decreased by -34.6% to $X in 2021. Over the period under review, consumption continues to indicate a deep reduction. Machine-tool for working metal consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Machine Tools For Working Metal in the Czech Republic

In value terms, machine-tool for working metal production reduced markedly to $X in 2021 estimated in export price. Over the period under review, production recorded a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 151% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Exports of Machine Tools For Working Metal

Exports from the Czech Republic

Machine-tool for working metal exports from the Czech Republic declined to X units in 2021, waning by -3.8% against the previous year. Over the period under review, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2013 with an increase of 123%. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, machine-tool for working metal exports reached $X in 2021. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by 41%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X units), Slovakia (X units) and Russia (X units) were the main destinations of machine-tool for working metal exports from the Czech Republic, with a combined 53% share of total exports. These countries were followed by Poland, Hungary, the United States, China, Austria, Croatia, India, Slovenia, Turkey and Pakistan, which together accounted for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +94.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine-tool for working metal exported from the Czech Republic were Slovakia ($X), Germany ($X) and Russia ($X), with a combined 59% share of total exports. These countries were followed by Poland, China, Turkey, Austria, India, the United States, Croatia, Hungary, Slovenia and Pakistan, which together accounted for a further 27%.

In terms of the main countries of destination, Croatia, with a CAGR of +104.3%, saw 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

In 2021, the average machine-tool for working metal export price amounted to $X per unit, with an increase of 18% against the previous year. Overall, the export price enjoyed a buoyant increase. The pace of growth was the most pronounced in 2020 an increase of 103%. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Turkey ($X per unit), while the average price for exports to Hungary ($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 Slovenia (+24.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal

Imports into the Czech Republic

Machine-tool for working metal imports into the Czech Republic skyrocketed to X units in 2021, jumping by 28% compared with 2020. In general, total imports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -25.5% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of 37% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, machine-tool for working metal imports rose rapidly to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 39%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of machine-tool for working metal to the Czech Republic, accounting for a 40% share of total imports. Moreover, machine-tool for working metal imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by Poland (X units), with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.4% per year) and Poland (+41.5% per year).

In value terms, Germany ($X) constituted the largest supplier of machine tools for working metal to the Czech Republic, comprising 34% of total imports. The second position in the ranking was held by Italy ($X), with a 14% share of total imports. It was followed by Austria, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-1.2% per year) and Austria (+3.8% per year).

Import Prices by Country

In 2021, the average machine-tool for working metal import price amounted to $X per unit, falling by -12.1% against the previous year. In general, the import price showed a noticeable contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 53%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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