Eastern Europe: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Eastern Europe

The East European lathe for removing metal market expanded to $X in 2021, increasing by 4.7% against the previous year. Over the period under review, consumption, however, showed a pronounced decline. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Lathes For Removing Metal in Eastern Europe

In value terms, lathe for removing metal production expanded to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 21%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Lathes For Removing Metal

Exports in Eastern Europe

In 2021, overseas shipments of lathes for removing metal increased by 37% to X units for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 46%. Over the period under review, the lafor removing metal exports hit record highs at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, lathe for removing metal exports expanded sharply to $X in 2021. Over the period under review, exports, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of 8.4%. Over the period under review, the lafor removing metal exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Belarus (X units), distantly followed by the Czech Republic (X units), Poland (X units), Bulgaria (X units), Russia (X units) and Slovakia (X units) represented the key exporters of lathes for removing metal, together achieving 90% of total exports. Hungary (X units) took a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belarus (with a CAGR of +24.7%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Slovakia ($X) constituted the countries with the highest levels of exports in 2021, with a combined 65% share of total exports. These countries were followed by Bulgaria, Russia, Belarus and Hungary, which together accounted for a further 28%.

In terms of the main exporting countries, Hungary, with a CAGR of +11.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2021, with a decrease of -21.7% against the previous year. Overall, the export price, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2017 an increase of 238% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 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 Poland ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+28.2%), while the other leaders experienced more modest paces of growth.

Imports of Lathes For Removing Metal

Imports in Eastern Europe

In 2021, supplies from abroad of lathes for removing metal was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, lathe for removing metal imports reached $X in 2021. Overall, imports, however, recorded a slight contraction. The pace of growth was the most pronounced in 2018 when imports increased by 13%. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Russia (X units) represented the main importer of lathes for removing metal, committing 39% of total imports. Poland (X units) held an 18% share (based on physical terms) of total imports, which put it in second place, followed by the Czech Republic (16%), Belarus (8.2%) and Slovakia (4.8%). The following importers - Bulgaria (X units), Ukraine (X units) and Romania (X units) - each amounted to an 8.8% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to lathe for removing metal imports into Russia stood at -2.1%. At the same time, Belarus (+17.1%), Bulgaria (+14.0%), Poland (+8.4%) and the Czech Republic (+5.1%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +17.1% from 2012-2021. By contrast, Ukraine (-3.3%), Romania (-9.1%) and Slovakia (-11.3%) illustrated a downward trend over the same period. Poland (+9.2 p.p.), Belarus (+6.2 p.p.), the Czech Republic (+5.3 p.p.) and Bulgaria (+2.3 p.p.) significantly strengthened its position in terms of the total imports, while Romania, Russia and Slovakia saw its share reduced by -3.7%, -9.5% and -9.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported lathes for removing metal in Eastern Europe, comprising 42% of total imports. The second position in the ranking was taken by Poland ($X), with a 17% share of total imports. It was followed by the Czech Republic, with a 13% share.

In Russia, lathe for removing metal imports decreased by an average annual rate of -2.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Poland (+2.7% per year) and the Czech Republic (+0.6% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2021, which is down by -12.5% against the previous year. In general, the import price saw a perceptible contraction. The most prominent rate of growth was recorded in 2019 an increase of 7.9% against the previous year. The level of import peaked at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Romania ($X per unit), while Belarus ($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 (+6.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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