Czech Republic: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in the Czech Republic

The Czech machine-tool for working wood market soared to $X in 2021, jumping by 39% against the previous year. In general, consumption enjoyed a strong increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Machine-Tools For Working Wood in the Czech Republic

In value terms, machine-tool for working wood production shrank remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 18%. 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 Wood

Exports from the Czech Republic

Machine-tool for working wood exports from the Czech Republic amounted to X tons in 2021, increasing by 4.9% on the year before. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 28% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, machine-tool for working wood exports skyrocketed to $X in 2021. In general, total exports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -4.3% against 2019 indices. The growth pace was the most rapid in 2019 when exports increased by 25%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for machine-tool for working wood exports from the Czech Republic, accounting for a 38% share of total exports. Moreover, machine-tool for working wood exports to Germany exceeded the volume sent to the second major destination, Slovakia (X tons), threefold. The third position in this ranking was taken by Turkey (X tons), with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+4.0% per year) and Turkey (+16.7% per year).

In value terms, Germany ($X) remains the key foreign market for machine-tools for working wood exports from the Czech Republic, comprising 45% of total exports. The second position in the ranking was taken by Slovakia ($X), with an 11% share of total exports. It was followed by Turkey, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+6.5% per year) and Turkey (+18.7% per year).

Export Prices by Country

In 2021, the average machine-tool for working wood export price amounted to $X per ton, rising by 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Wood

Imports into the Czech Republic

In 2021, the amount of machine-tools for working wood imported into the Czech Republic skyrocketed to X tons, picking up by 25% compared with 2020 figures. In general, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -7.8% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 33% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, machine-tool for working wood imports skyrocketed to $X in 2021. Overall, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2019 when imports increased by 61% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and Austria (X tons) were the main suppliers of machine-tool for working wood imports to the Czech Republic, with a combined 72% share of total imports. Italy, Poland, the Netherlands and Belgium lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +39.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of machine-tools for working wood to the Czech Republic, comprising 39% of total imports. The second position in the ranking was taken by Italy ($X), with a 15% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.1% per year) and China (+5.8% per year).

Import Prices by Country

The average machine-tool for working wood import price stood at $X per ton in 2021, falling by -5.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2019 when the average import price increased by 34% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 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 Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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