Eastern Europe: Market for Machine-Tools For Working Any Material By Removal Of Material 2025

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Eastern Europe

For the fourth year in a row, the East European machine-tool for removing material market recorded growth in sales value, which increased by 88% to $X in 2021. Overall, consumption showed a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Machine-Tools For Working Any Material By Removal Of Material in Eastern Europe

In value terms, machine-tool for removing material production reduced dramatically to $X in 2021 estimated in export price. Over the period under review, production, however, posted a significant increase. The pace of growth was the most pronounced in 2019 when the production volume increased by 560%. The level of production peaked at $X in 2020, and then fell remarkably in the following year.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports in Eastern Europe

In 2021, the amount of machine-tools for working any material by removal of material exported in Eastern Europe skyrocketed to X units, surging by 42% on the previous year's figure. In general, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 112%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, machine-tool for removing material exports expanded remarkably to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +9.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +41.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 35% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in years to come.

Exports by Country

The Czech Republic was the largest exporting country with an export of about X units, which accounted for 46% of total exports. Poland (X units) took a 29% share (based on physical terms) of total exports, which put it in second place, followed by Russia (13%) and Slovakia (6.2%). Belarus (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +28.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Poland ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 79% of total exports. These countries were followed by Russia and Belarus, which together accounted for a further 5.3%.

Among the main exporting countries, Russia, with a CAGR of +17.0%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per unit, waning by -20.9% against the previous year. Over the period under review, the export price saw a deep contraction. The pace of growth was the most pronounced in 2016 an increase of 35% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Slovakia ($X per unit), while Russia ($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 (-0.5%), while the other leaders experienced a decline in the export price figures.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports in Eastern Europe

In 2021, the amount of machine-tools for working any material by removal of material imported in Eastern Europe surged to X units, growing by 81% on the previous year's figure. Over the period under review, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for removing material imports skyrocketed to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia (X units) and Poland (X units) were the major importers of machine-tools for working any material by removal of material in 2021, resulting at approx. 30% and 28% of total imports, respectively. The Czech Republic (X units) held a 16% share (based on physical terms) of total imports, which put it in second place, followed by Hungary (12%). The following importers - Slovakia (X units), Bulgaria (X units) and Ukraine (X units) - together made up 9.2% of total imports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +53.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Poland ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 66% of total imports. Hungary, Slovakia, Bulgaria and Ukraine lagged somewhat behind, together accounting for a further 22%.

Hungary, with a CAGR of +12.7%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2021, falling by -23.5% against the previous year. Over the period under review, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2017 when the import price increased by 17%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Ukraine ($X per unit), while Hungary ($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 (+3.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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