Czech Republic: Market for Machines For Balancing Mechanical Parts 2024

Market Size for Machines For Balancing Mechanical Parts in the Czech Republic

In 2021, the Czech balancing mechanical parts machine market decreased by -16.2% to $X, falling for the second consecutive year after two years of growth. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Machines For Balancing Mechanical Parts in the Czech Republic

In value terms, balancing mechanical parts machine production dropped significantly to $X in 2021 estimated in export price. In general, production saw a sharp decrease. The most prominent rate of growth was recorded in 2014 with an increase of 198% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Exports of Machines For Balancing Mechanical Parts

Exports from the Czech Republic

Balancing mechanical parts machine exports from the Czech Republic fell remarkably to X units in 2021, waning by -15.2% compared with the year before. Over the period under review, exports, however, posted strong growth. The pace of growth was the most pronounced in 2013 with an increase of 361% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, balancing mechanical parts machine exports totaled $X in 2021. In general, exports, however, recorded pronounced growth. The growth pace was the most rapid in 2016 with an increase of 117%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X units), Slovakia (X units) and Austria (X units) were the main destinations of balancing mechanical parts machine exports from the Czech Republic, with a combined 65% share of total exports. Hungary, Poland, Pakistan, Croatia, Turkey and Russia lagged somewhat behind, together accounting for a further 27%.

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 +258.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for machines for balancing mechanical parts exports from the Czech Republic, comprising 44% of total exports. The second position in the ranking was held by Slovakia ($X), with an 18% share of total exports. It was followed by Pakistan, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +20.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+5.2% per year) and Pakistan (-35.8% per year).

Export Prices by Country

In 2021, the average balancing mechanical parts machine export price amounted to $X per unit, surging by 19% against the previous year. In general, the export price, however, continues to indicate a deep downturn. The pace of growth was the most pronounced in 2016 an increase of 339% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 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 Turkey ($X per unit), while the average price for exports to Croatia ($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 Serbia (+24.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines For Balancing Mechanical Parts

Imports into the Czech Republic

In 2021, purchases abroad of machines for balancing mechanical parts decreased by -14.6% to X units, falling for the second consecutive year after four years of growth. Over the period under review, imports, however, recorded a tangible expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 55%. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, balancing mechanical parts machine imports fell to $X in 2021. Overall, total imports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.4% 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 -19.1% against 2018 indices. The pace of growth appeared the most rapid in 2014 with an increase of 70% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest balancing mechanical parts machine supplier to the Czech Republic, accounting for a 52% share of total imports. Moreover, balancing mechanical parts machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. Poland (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.9% per year) and Poland (+10.2% per year).

In value terms, Germany ($X) constituted the largest supplier of machines for balancing mechanical parts to the Czech Republic, comprising 52% of total imports. The second position in the ranking was held by China ($X), with a 20% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.1% per year) and Italy (-11.5% per year).

Import Prices by Country

The average balancing mechanical parts machine import price stood at $X per unit in 2021, remaining stable against the previous year. Overall, the import price, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2014 an increase of 61% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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