Eastern Europe: Market for Machine Tools For Working Metal Without Removing Metal 2025

Market Size for Machine Tools For Working Metal Without Removing Metal in Eastern Europe

The East European machine tool for metal market fell to $X in 2021, with a decrease of -13.2% against the previous year. The total consumption indicated a temperate expansion from 2012 to 2021: its value 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. Based on 2021 figures, consumption increased by +29.2% against 2019 indices. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Production of Machine Tools For Working Metal Without Removing Metal in Eastern Europe

In value terms, machine tool for metal production expanded modestly to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 6% 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 Machine Tools For Working Metal Without Removing Metal

Exports in Eastern Europe

In 2021, machine tool for metal exports in Eastern Europe soared to X units, rising by 183% against 2020 figures. Overall, exports recorded a strong expansion. The pace of growth was the most pronounced in 2019 when exports increased by 211% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, machine tool for metal exports soared to $X in 2021. In general, exports, however, showed a perceptible setback. The growth pace was the most rapid in 2017 when exports increased by 84% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Poland (X units) and Slovakia (X units) dominates exports structure, together generating 75% of total exports. The Czech Republic (X units) took a 9.1% share (based on physical terms) of total exports, which put it in second place, followed by Hungary (5.9%) and Lithuania (4.7%). Estonia (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +42.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Slovakia ($X) and the Czech Republic ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 73% of total exports. These countries were followed by Estonia, Lithuania and Hungary, which together accounted for a further 16%.

In terms of the main exporting countries, Estonia, with a CAGR of +34.4%, saw 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

The export price in Eastern Europe stood at $X per unit in 2021, with a decrease of -54.5% against the previous year. In general, the export price continues to indicate a deep slump. The pace of growth was the most pronounced in 2013 when the export price increased by 84%. The level of export peaked at $X per unit in 2014; however, from 2015 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 Estonia ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Estonia (+43.5%), while the other leaders experienced a decline in the export price figures.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports in Eastern Europe

Machine tool for metal imports expanded slightly to X units in 2021, growing by 4.6% against the previous year. In general, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 109%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, machine tool for metal imports amounted to $X in 2021. Total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -8.6% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of 62%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The Czech Republic (X units) and Poland (X units) represented roughly 53% of total imports in 2021. Romania (X units) took the next position in the ranking, followed by Slovakia (X units), Russia (X units), Hungary (X units) and Lithuania (X units). All these countries together took approx. 39% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Lithuania (with a CAGR of +40.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Russia ($X) were the countries with the highest levels of imports in 2021, together comprising 59% of total imports. These countries were followed by Slovakia, Romania, Hungary and Lithuania, which together accounted for a further 33%.

In terms of the main importing countries, Slovakia, with a CAGR of +21.3%, recorded the highest growth rate of the value of imports, 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, with a decrease of -3.4% against the previous year. In general, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of 15% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per unit), while Lithuania ($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 (+10.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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