Eastern Europe: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Eastern Europe

In 2021, after three years of decline, there was significant growth in the East European machine-tool for working wood market, when its value increased by 35% to $X. Over the period under review, consumption, however, continues to indicate a mild decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Machine-Tools For Working Wood in Eastern Europe

In value terms, machine-tool for working wood production reduced sharply to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 33%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Machine-Tools For Working Wood

Exports in Eastern Europe

In 2021, approx. X tons of machine-tools for working wood were exported in Eastern Europe; with an increase of 24% on 2020. Total exports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when exports increased by 36% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, machine-tool for working wood exports soared to $X in 2021. Total exports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Poland (X tons), distantly followed by Slovakia (X tons), the Czech Republic (X tons), Estonia (X tons), Bulgaria (X tons), Belarus (X tons) and Lithuania (X tons) were the major exporters of machine-tools for working wood, together achieving 87% of total exports.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +19.0%), while shipments for 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 69% share of total exports.

Among the main exporting countries, Slovakia, with a CAGR of +18.8%, 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

The export price in Eastern Europe stood at $X per ton in 2021, growing by 2.7% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the export price increased by 9.2% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, 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 ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.2%), while the other leaders experienced more modest paces of growth.

Imports of Machine-Tools For Working Wood

Imports in Eastern Europe

In 2021, machine-tool for working wood imports in Eastern Europe surged to X tons, picking up by 32% on 2020. In general, imports showed a slight expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 50% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, machine-tool for working wood imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Russia represented the largest importer of machine-tools for working wood in Eastern Europe, with the volume of imports resulting at X tons, which was approx. 35% of total imports in 2021. Ukraine (X tons) ranks second in terms of the total imports with a 15% share, followed by Poland (14%), the Czech Republic (7.9%) and Hungary (6.6%). The following importers - Slovakia (X tons), Romania (X tons), Belarus (X tons), Estonia (X tons), Lithuania (X tons), Latvia (X tons) and Bulgaria (X tons) - together made up 21% of total imports.

Imports into Russia decreased at an average annual rate of -2.6% from 2012 to 2021. At the same time, Hungary (+18.6%), Ukraine (+16.7%), Slovakia (+9.0%), Poland (+7.2%), the Czech Republic (+7.1%), Lithuania (+4.8%), Bulgaria (+4.1%) and Estonia (+3.7%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +18.6% from 2012-2021. By contrast, Latvia (-2.4%), Romania (-4.6%) and Belarus (-14.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Ukraine, Poland, Hungary, the Czech Republic and Slovakia increased by +11, +5.7, +5.1, +3.3 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest machine-tool for working wood importing markets in Eastern Europe were Russia ($X), Poland ($X) and Ukraine ($X), with a combined 61% share of total imports.

In terms of the main importing countries, Ukraine, with a CAGR of +17.5%, saw 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

In 2021, the import price in Eastern Europe amounted to $X per ton, surging by 4.7% against the previous year. Overall, the import price, however, recorded a mild decrease. The pace of growth was the most pronounced in 2018 when the import price increased by 13%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+6.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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