Czech Republic: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in the Czech Republic

The Czech machine tool for metal market shrank dramatically to $X in 2021, falling by -51.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, posted a significant expansion. Over the period under review, the market attained the maximum level at $X in 2020, and then reduced sharply in the following year.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from the Czech Republic

In 2021, overseas shipments of machine tools for working metal without removing metal decreased by -10.3% to X units for the first time since 2018, thus ending a two-year rising trend. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 477%. As a result, the exports reached the peak of X units, and then fell in the following year.

In value terms, machine tool for metal exports declined dramatically to $X in 2021. Overall, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2017 when exports increased by 328% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X units), Germany (X units) and Slovakia (X units) were the main destinations of machine tool for metal exports from the Czech Republic, with a combined 46% share of total exports. These countries were followed by the United States, Turkey, Poland, Norway and Russia, which together accounted for a further 50%.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +439.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and Italy ($X) constituted the largest markets for machine tool for metal exported from the Czech Republic worldwide, together comprising 69% of total exports. These countries were followed by Slovakia, Norway, Turkey, Russia and Poland, which together accounted for a further 29%.

Norway, with a CAGR of +76.6%, recorded 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 metal export price stood at $X per unit in 2021, which is down by -22.7% against the previous year. Overall, the export price showed a deep reduction. The pace of growth appeared the most rapid in 2013 when the average export price increased by 368%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to Poland ($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 (+45.5%), while the prices for the other major destinations experienced a decline.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into the Czech Republic

In 2021, approx. X units of machine tools for working metal without removing metal were imported into the Czech Republic; reducing by -47.5% against 2020. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 506% against the previous year. Over the period under review, imports attained the peak figure at X units in 2020, and then dropped rapidly in the following year.

In value terms, machine tool for metal imports reduced sharply to $X in 2021. Overall, imports, however, recorded notable growth. The most prominent rate of growth was recorded in 2019 with an increase of 78%. Over the period under review, imports hit record highs at $X in 2020, and then contracted rapidly in the following year.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of machine tool for metal to the Czech Republic, accounting for a 72% share of total imports. Moreover, machine tool for metal imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. The third position in this ranking was held by Austria (X units), with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +34.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+22.8% per year) and Austria (+29.9% per year).

In value terms, Germany ($X) constituted the largest supplier of machine tools for working metal without removing metal to the Czech Republic, comprising 52% of total imports. The second position in the ranking was held by Spain ($X), with a 12% share of total imports. It was followed by China, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+41.7% per year) and China (+74.0% per year).

Import Prices by Country

The average machine tool for metal import price stood at $X per unit in 2021, with a decrease of -9.3% against the previous year. Overall, the import price recorded a deep slump. The pace of growth appeared the most rapid in 2019 an increase of 171% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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