Eastern Europe: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in Eastern Europe

The East European wood milling machine market was estimated at $X in 2021, rising by 1.6% against the previous year. The total consumption indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% 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 +54.6% against 2015 indices. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Wood Milling Machine Production in Eastern Europe

In value terms, wood milling machine production shrank markedly to $X in 2021 estimated in export price. Overall, production, however, showed a resilient expansion. The growth pace was the most rapid in 2020 with an increase of 179% against the previous year. As a result, production reached the peak level of $X, and then reduced markedly in the following year.

Wood Milling Machine Exports

Exports in Eastern Europe

Wood milling machine exports skyrocketed to X units in 2021, increasing by 25% compared with 2020. Overall, exports saw a remarkable increase. The growth pace was the most rapid in 2018 with an increase of 72%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, wood milling machine exports soared to $X in 2021. The total export value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 28%. The level of export peaked in 2021 and is likely to see steady growth in years to come.

Exports by Country

Poland represented the major exporter of planing, milling or moulding machines in Eastern Europe, with the volume of exports recording X units, which was approx. 52% of total exports in 2021. The Czech Republic (X units) took the second position in the ranking, followed by Russia (X units), Estonia (X units) and Belarus (X units). All these countries together took approx. 40% share of total exports. Bulgaria (X units) and Lithuania (X units) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to wood milling machine exports from Poland stood at +9.2%. At the same time, Belarus (+30.7%), Russia (+27.4%), Estonia (+23.3%), Bulgaria (+13.4%), Lithuania (+5.9%) and the Czech Republic (+5.3%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +30.7% from 2012-2021. While the share of Russia (+7.2 p.p.), Estonia (+5.2 p.p.) and Belarus (+3.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Poland (-4.9 p.p.) and the Czech Republic (-8.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest wood milling machine supplying countries in Eastern Europe were Poland ($X), the Czech Republic ($X) and Bulgaria ($X), together comprising 72% of total exports. Russia, Estonia, Lithuania and Belarus lagged somewhat behind, together comprising a further 21%.

Among the main exporting countries, Estonia, with a CAGR of +17.3%, 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 unit in 2021, with a decrease of -6.9% against the previous year. In general, the export price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2014 when the export price increased by 25% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Bulgaria ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+1.3%), while the other leaders experienced a decline in the export price figures.

Wood Milling Machine Imports

Imports in Eastern Europe

Wood milling machine imports soared to X units in 2021, increasing by 35% on the year before. Total imports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.5% 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 -7.7% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 40% against the previous year. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, wood milling machine imports skyrocketed to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 28% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Russia (X units), distantly followed by Poland (X units), Slovakia (X units) and the Czech Republic (X units) were the major importers of planing, milling or moulding machines, together making up 84% of total imports. Estonia (X units), Romania (X units), Hungary (X units) and Lithuania (X units) held a relatively small 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 Slovakia (with a CAGR of +42.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported planing, milling or moulding machines in Eastern Europe, comprising 36% of total imports. The second position in the ranking was taken by Poland ($X), with a 17% share of total imports. It was followed by Slovakia, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in Russia totaled -4.8%. In the other countries, the average annual rates were as follows: Poland (+4.9% per year) and Slovakia (+23.5% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2021, shrinking by -7% against the previous year. Overall, the import price recorded a slight shrinkage. The pace of growth was the most pronounced in 2020 an increase of 40% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 Lithuania ($X per unit), while the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+4.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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