Eastern Europe: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Eastern Europe

The East European market for grinding, sanding and polishing machines rose modestly to $X in 2021, growing by 3.9% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Production of Grinding, Sanding and Polishing Machines in Eastern Europe

In value terms, grinding, sanding and polishing machine production stood at $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 6.5% 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 Grinding, Sanding and Polishing Machines

Exports in Eastern Europe

In 2021, after three years of growth, there was significant decline in overseas shipments of grinding, sanding and polishing machines, when their volume decreased by -15.5% to X units. Over the period under review, exports, however, recorded a measured expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 59% against the previous year. Over the period under review, the exports hit record highs at X units in 2020, and then declined notably in the following year.

In value terms, grinding, sanding and polishing machine exports surged to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 51%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Poland (X units) and the Czech Republic (X units) dominates exports structure, together comprising 87% of total exports. It was distantly followed by Russia (X units), mixing up a 6.5% share of total exports. Romania (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +25.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Poland ($X) and Russia ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 69% share of total exports.

Russia, with a CAGR of +27.0%, recorded the highest rates of growth with regard to the value of exports, among 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 40% against the previous year. In general, the export price, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2013 an increase of 66% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the export prices remained at a somewhat lower figure.

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 Romania ($X per unit), while Poland ($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 (+17.8%), while the other leaders experienced more modest paces of growth.

Imports of Grinding, Sanding and Polishing Machines

Imports in Eastern Europe

In 2021, imports of grinding, sanding and polishing machines in Eastern Europe stood at X units, growing by 1.6% on the previous year's figure. Over the period under review, imports saw buoyant growth. The pace of growth appeared the most rapid in 2015 with an increase of 76%. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, grinding, sanding and polishing machine imports contracted to $X in 2021. In general, imports, however, recorded a mild curtailment. The growth pace was the most rapid in 2018 when imports increased by 17% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Poland was the major importer of grinding, sanding and polishing machines in Eastern Europe, with the volume of imports resulting at X units, which was near 34% of total imports in 2021. Russia (X units) ranks second in terms of the total imports with a 17% share, followed by the Czech Republic (15%), Hungary (11%), Romania (10%) and Slovakia (5.1%). Lithuania (X units) took a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to grinding, sanding and polishing machine imports into Poland stood at +7.1%. At the same time, Romania (+29.0%), the Czech Republic (+25.6%), Hungary (+23.0%) and Russia (+10.6%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +29.0% from 2012-2021. By contrast, Lithuania (-7.4%) and Slovakia (-7.8%) illustrated a downward trend over the same period. The Czech Republic (+11 p.p.), Romania (+8.3 p.p.), Hungary (+7.5 p.p.) and Russia (+2.9 p.p.) significantly strengthened its position in terms of the total imports, while Poland, Lithuania and Slovakia saw its share reduced by -3.6%, -7.4% and -16.6% from 2012 to 2021, respectively.

In value terms, Russia ($X) constitutes the largest market for imported grinding, sanding and polishing machines in Eastern Europe, comprising 37% of total imports. The second position in the ranking was held by Poland ($X), with an 18% share of total imports. It was followed by the Czech Republic, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Russia stood at -2.4%. In the other countries, the average annual rates were as follows: Poland (-3.0% per year) and the Czech Republic (+12.2% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2021, falling by -13.2% against the previous year. In general, the import price saw a abrupt descent. The pace of growth appeared the most rapid in 2016 when the import price increased by 37%. Over the period under review, import prices reached the maximum 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 Russia ($X per unit), while Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+17.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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