Eastern Europe: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in Eastern Europe

The East European wood drilling machine market expanded significantly to $X in 2021, growing by 10% against the previous year. Over the period under review, consumption saw a strong expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Wood Drilling Machine Production in Eastern Europe

In value terms, wood drilling machine production expanded notably to $X in 2021 estimated in export price. Over the period under review, production saw a remarkable increase. The growth pace was the most rapid in 2016 when the production volume increased by 90%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Wood Drilling Machine Exports

Exports in Eastern Europe

In 2021, overseas shipments of drilling or morticing machines decreased by -30.4% to X units, falling for the fourth year in a row after four years of growth. In general, exports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2015 with an increase of 680% against the previous year. The volume of export peaked at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood drilling machine exports skyrocketed to $X in 2021. Total exports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.4% 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 -30.0% against 2017 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 80% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Hungary (X units), distantly followed by Poland (X units) and the Czech Republic (X units) represented the key exporters of drilling or morticing machines, together mixing up 85% of total exports. Russia (X units), Lithuania (X units), Slovakia (X units) and Bulgaria (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +26.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Poland ($X) and Russia ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 62% share of total exports.

Russia, with a CAGR of +20.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per unit, surging by 72% against the previous year. In general, the export price, however, saw a deep downturn. The most prominent rate of growth was recorded in 2020 an increase of 102% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Lithuania ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+2.6%), while the other leaders experienced mixed trends in the export price figures.

Wood Drilling Machine Imports

Imports in Eastern Europe

In 2021, supplies from abroad of drilling or morticing machines decreased by -8.5% to X units, falling for the second consecutive year after two years of growth. In general, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 191% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, wood drilling machine imports skyrocketed to $X in 2021. Total imports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of drilling or morticing machines, namely Poland, Russia and the Czech Republic, represented more than two-thirds of total import. Slovakia (X units), Belarus (X units) and Romania (X units) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Czech Republic (with a CAGR of +24.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and Romania ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 72% of total imports.

In terms of the main importing countries, Romania, with a CAGR of +16.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per unit, jumping by 115% against the previous year. Over the period under review, the import price, however, showed a abrupt slump. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Romania ($X per unit), while the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+5.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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