Eastern Europe: Machine-Tool For Drilling Market 2024

Machine-Tool For Drilling Market Size in Eastern Europe

The East European machine-tool for drilling market was finally on the rise to reach $X in 2022, after four years of decline. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Machine-Tool For Drilling Production in Eastern Europe

In value terms, machine-tool for drilling production skyrocketed to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Machine-Tool For Drilling Exports

Exports in Eastern Europe

In 2022, approx. X units of machine-tools for drilling, boring or milling metal were exported in Eastern Europe; declining by -11.9% compared with 2021. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when exports increased by 46% against the previous year. The volume of export peaked at X units in 2021, and then contracted in the following year.

In value terms, machine-tool for drilling exports stood at $X in 2022. In general, exports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 52% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Poland (X units) and the Czech Republic (X units) represented the major exporters of machine-tools for drilling, boring or milling metal in 2022, amounting to approx. 37% and 28% of total exports, respectively. Belarus (X units) took the next position in the ranking, distantly followed by Romania (X units) and Slovakia (X units). All these countries together took approx. 25% share of total exports. The following exporters - Russia (X units) and Estonia (X units) - together made up 5.2% of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +19.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Poland ($X) and Slovakia ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 82% of total exports. Belarus, Russia, Estonia and Romania lagged somewhat behind, together accounting for a further 13%.

Estonia, with a CAGR of +11.0%, saw 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 mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per unit, rising by 15% against the previous year. In general, the export price, however, showed a pronounced curtailment. The pace of growth appeared the most rapid in 2013 an increase of 69%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.1%), while the other leaders experienced a decline in the export price figures.

Machine-Tool For Drilling Imports

Imports in Eastern Europe

In 2022, overseas purchases of machine-tools for drilling, boring or milling metal decreased by -10.6% to X units, falling for the third year in a row after four years of growth. In general, imports, however, recorded a noticeable expansion. The growth pace was the most rapid in 2017 when imports increased by 78%. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, machine-tool for drilling imports contracted to $X in 2022. Over the period under review, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2018 when imports increased by 58%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Russia represented the major importing country with an import of around X units, which resulted at 37% of total imports. Poland (X units) took the second position in the ranking, distantly followed by the Czech Republic (X units), Ukraine (X units) and Belarus (X units). All these countries together held near 45% share of total imports. Slovakia (X units), Hungary (X units) and Bulgaria (X units) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +20.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Poland ($X) and the Czech Republic ($X) were the countries with the highest levels of imports in 2022, with a combined 64% share of total imports. Slovakia, Hungary, Belarus, Bulgaria and Ukraine lagged somewhat behind, together accounting for a further 23%.

Among the main importing countries, Slovakia, with a CAGR of +0.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per unit, with an increase of 4.4% against the previous year. Overall, the import price, however, continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2018 when the import price increased by 52%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (-1.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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