Eastern Europe: Gouges And Chisels Market 2024

Gouges And Chisels Market Size in Eastern Europe

After two years of growth, the East European gouges and chisels market decreased by -9.3% to $X in 2022. Overall, consumption continues to indicate a perceptible slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Gouges And Chisels Production in Eastern Europe

In value terms, gouges and chisels production stood at $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 when the production volume increased by 19%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Gouges And Chisels Exports

Exports in Eastern Europe

In 2022, approx. X tons of planes, chisels and gouges for working wood were exported in Eastern Europe; jumping by 15% on the year before. Total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, gouges and chisels exports amounted to $X in 2022. Over the period under review, exports recorded strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 45% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

In 2022, the Czech Republic (X tons), Poland (X tons) and Ukraine (X tons) represented the main exporter of planes, chisels and gouges for working wood in Eastern Europe, comprising 87% of total export. It was distantly followed by Latvia (X tons), mixing up a 5.3% share of total exports. Russia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Ukraine (with a CAGR of +79.2%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) remains the largest gouges and chisels supplier in Eastern Europe, comprising 57% of total exports. The second position in the ranking was taken by Poland ($X), with a 23% share of total exports. It was followed by Ukraine, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Czech Republic amounted to +18.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+7.6% per year) and Ukraine (+83.2% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, falling by -12.7% against the previous year. Export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the export price increased by 34%. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+7.4%), while the other leaders experienced more modest paces of growth.

Gouges And Chisels Imports

Imports in Eastern Europe

In 2022, after three years of growth, there was significant decline in purchases abroad of planes, chisels and gouges for working wood, when their volume decreased by -16.4% to X tons. Over the period under review, imports continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 20%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, gouges and chisels imports shrank to $X in 2022. Total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.3% against 2015 indices. The growth pace was the most rapid in 2021 with an increase of 23%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

Russia (X tons) and Poland (X tons) represented roughly 65% of total imports in 2022. Romania (X tons) took a 7.2% share (based on physical terms) of total imports, which put it in second place, followed by the Czech Republic (7.1%) and Hungary (5.2%). The following importers - Ukraine (X tons) and Lithuania (X tons) - each recorded a 5.8% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Romania (with a CAGR of +8.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and the Czech Republic ($X) constituted the countries with the highest levels of imports in 2022, with a combined 72% share of total imports.

Among the main importing countries, Poland, with a CAGR of +9.8%, 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

In 2022, the import price in Eastern Europe amounted to $X per ton, with an increase of 5.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.6%. The most prominent rate of growth was recorded in 2015 an increase of 11% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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