Czech Republic: Market for Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Numerically Controlled Drilling Machines For Working Metal in the Czech Republic

The Czech numerically controlled drilling machine market surged to $X in 2021, rising by 41% against the previous year. In general, consumption enjoyed a strong increase. Numerically controlled drilling machine consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Numerically Controlled Drilling Machines For Working Metal in the Czech Republic

In value terms, numerically controlled drilling machine production soared to $X in 2021 estimated in export price. Over the period under review, production posted a strong expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by 158% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from the Czech Republic

In 2021, shipments abroad of numerically controlled drilling machines for working metal decreased by -78.1% to X tons, falling for the third consecutive year after two years of growth. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 15,094% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, numerically controlled drilling machine exports declined markedly to $X in 2021. Overall, exports saw a perceptible setback. The pace of growth was the most pronounced in 2017 when exports increased by 10,985%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for numerically controlled drilling machine exports from the Czech Republic, with a 85% share of total exports. Moreover, numerically controlled drilling machine exports to Germany exceeded the volume sent to the second major destination, the UK (X tons), eightfold. Russia (X kg) ranked third in terms of total exports with a 4.2% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +176.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+135.7% per year) and Russia (-32.5% per year).

In value terms, Germany ($X) emerged as the key foreign market for numerically controlled drilling machines for working metal exports from the Czech Republic, comprising 54% of total exports. The second position in the ranking was held by Russia ($X), with a 26% share of total exports. It was followed by the UK, with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +140.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-22.7% per year) and the UK (+131.9% per year).

Export Prices by Country

In 2021, the average numerically controlled drilling machine export price amounted to $X per ton, surging by 83% against the previous year. In general, the export price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 174%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per ton), while the average price for exports to Germany ($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 Norway (+1,269.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into the Czech Republic

In 2021, supplies from abroad of numerically controlled drilling machines for working metal was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 97% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, numerically controlled drilling machine imports surged to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Italy (X tons) and Austria (X tons) were the main suppliers of numerically controlled drilling machine imports to the Czech Republic, with a combined 99.9% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +20.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest numerically controlled drilling machine suppliers to the Czech Republic were Germany ($X), Italy ($X) and Austria ($X), with a combined 100% share of total imports.

Austria, with a CAGR of +10.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average numerically controlled drilling machine import price amounted to $X per ton, picking up by 52% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :