Eastern Europe: Wood Slicing Machine Market 2024

Wood Slicing Machine Market Size in Eastern Europe

The East European wood slicing machine market skyrocketed to $X in 2021, growing by 18% against the previous year. In general, consumption, however, saw a noticeable descent. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Wood Slicing Machine Production in Eastern Europe

In value terms, wood slicing machine production rose significantly to $X in 2021 estimated in export price. Overall, production, however, showed a noticeable shrinkage. The growth pace was the most rapid in 2019 with an increase of 27%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Wood Slicing Machine Exports

Exports in Eastern Europe

After two years of decline, shipments abroad of splitting, slicing or paring machines increased by 18% to X units in 2021. In general, exports showed a strong increase. The growth pace was the most rapid in 2013 when exports increased by 46%. The volume of export peaked in 2021 and is likely to continue growth in years to come.

In value terms, wood slicing machine exports soared to $X in 2021. Over the period under review, exports posted a prominent increase. The pace of growth appeared the most rapid in 2017 when exports increased by 53% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The Czech Republic was the largest exporting country with an export of about X units, which finished at 63% of total exports. Estonia (X units) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by Hungary (5.9%) and Poland (5.4%). Latvia (X units), Slovakia (X units) and Lithuania (X units) took a minor share of total exports.

Exports from the Czech Republic increased at an average annual rate of +12.0% from 2012 to 2021. At the same time, Hungary (+56.5%), Poland (+15.1%), Estonia (+14.1%), Slovakia (+12.0%), Lithuania (+11.0%) and Latvia (+7.6%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +56.5% from 2012-2021. From 2012 to 2021, the share of Hungary increased by +5.6 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X) remains the largest wood slicing machine supplier in Eastern Europe, comprising 48% of total exports. The second position in the ranking was held by Slovakia ($X), with a 10% share of total exports. It was followed by Latvia, with a 9.7% share.

In the Czech Republic, wood slicing machine exports expanded at an average annual rate of +20.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Slovakia (+7.2% per year) and Latvia (+11.3% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per unit, remaining relatively unchanged against the previous year. In general, the export price saw a perceptible curtailment. The pace of growth appeared the most rapid in 2017 when the export price increased by 31%. 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, amid the top suppliers, the country with the highest price was Slovakia ($X per unit), while Hungary ($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 (+7.6%), while the other leaders experienced mixed trends in the export price figures.

Wood Slicing Machine Imports

Imports in Eastern Europe

In 2021, wood slicing machine imports in Eastern Europe skyrocketed to X units, increasing by 40% compared with the year before. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +8.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wood slicing machine imports soared to $X in 2021. Total imports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -12.5% against 2019 indices. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Czech Republic (X units) represented the key importer of splitting, slicing or paring machines, constituting 46% of total imports. It was distantly followed by Russia (X units), Poland (X units), Hungary (X units), Slovakia (X units) and Estonia (X units), together achieving a 45% share of total imports. Romania (X units) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to wood slicing machine imports into the Czech Republic stood at +8.4%. At the same time, Romania (+23.6%), Poland (+14.0%), Hungary (+10.0%), Estonia (+10.0%), Slovakia (+7.1%) and Russia (+5.0%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +23.6% from 2012-2021. Poland (+3.9 p.p.) and Romania (+2.9 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported splitting, slicing or paring machines in Eastern Europe, comprising 50% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 14% share of total imports. It was followed by Poland, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value in Russia was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: the Czech Republic (+2.4% per year) and Poland (+7.8% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2021, increasing by 3.4% against the previous year. Overall, the import price, however, continues to indicate a deep reduction. The pace of growth was the most pronounced in 2017 an increase of 36%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+2.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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