Eastern Europe: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Eastern Europe

In 2021, the East European machine-tool for working metal market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, showed a deep downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Machine Tools For Working Metal in Eastern Europe

In value terms, machine-tool for working metal production shrank remarkably to $X in 2021 estimated in export price. In general, production continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2016 when the production volume increased by 34%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Exports of Machine Tools For Working Metal

Exports in Eastern Europe

In 2021, shipments abroad of machine tools for working metal was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Total exports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 55%. The volume of export peaked at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, machine-tool for working metal exports rose remarkably to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 20%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Poland (X units), Slovakia (X units) and the Czech Republic (X units), together amounting to 68% of total export. It was distantly followed by Belarus (X units), Hungary (X units), Bulgaria (X units) and Russia (X units), together generating a 26% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +40.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Slovakia ($X) were the countries with the highest levels of exports in 2021, together comprising 58% of total exports.

In terms of the main exporting countries, Poland, with a CAGR of +11.9%, saw the highest growth rate of 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

The export price in Eastern Europe stood at $X per unit in 2021, with a decrease of -9.7% against the previous year. Overall, the export price continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2016 when the export price increased by 61%. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Russia ($X per unit), while Belarus ($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 (+6.6%), while the other leaders experienced a decline in the export price figures.

Imports of Machine Tools For Working Metal

Imports in Eastern Europe

In 2021, machine-tool for working metal imports in Eastern Europe skyrocketed to X units, with an increase of 35% on the previous year's figure. Total imports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +118.5% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for working metal imports surged to $X in 2021. Overall, imports, however, recorded a noticeable curtailment. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Russia (X units), Poland (X units) and Hungary (X units) represented roughly 64% of total imports in 2021. It was distantly followed by Romania (X units), the Czech Republic (X units) and Belarus (X units), together comprising a 21% share of total imports. Slovakia (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 main importing countries, was attained by Belarus (with a CAGR of +11.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest machine-tool for working metal importing markets in Eastern Europe were Russia ($X), Poland ($X) and the Czech Republic ($X), with a combined 62% share of total imports.

Poland, with a CAGR of +1.2%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2021, reducing by -11.6% against the previous year. Over the period under review, the import price showed a abrupt decrease. The growth pace was the most rapid in 2014 when the import price increased by 13% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: 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 2021, the most notable rate of growth in terms of prices was attained by Slovakia (-0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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