Eastern Europe: Wood Tool Market 2025

Wood Tool Market Size in Eastern Europe

The East European wood tool market amounted to $X in 2021, approximately equating the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Wood Tool Production in Eastern Europe

In value terms, wood tool production expanded markedly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 20% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Wood Tool Exports

Exports in Eastern Europe

In 2021, shipments abroad of tools of wood was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +5.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 26% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, wood tool exports soared to $X in 2021. Total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +90.8% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Ukraine (X tons), distantly followed by Slovakia (X tons), Russia (X tons), Poland (X tons), the Czech Republic (X tons) and Romania (X tons) were the largest exporters of tools of wood, together mixing up 91% of total exports. Latvia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +20.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest wood tool supplying countries in Eastern Europe were Slovakia ($X), Poland ($X) and Ukraine ($X), together accounting for 68% of total exports. These countries were followed by the Czech Republic, Romania, Russia and Latvia, which together accounted for a further 25%.

Among the main exporting countries, Russia, with a CAGR of +19.3%, 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 ton in 2021, rising by 17% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 the Czech Republic ($X per ton), while Russia ($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 (+9.6%), while the other leaders experienced more modest paces of growth.

Wood Tool Imports

Imports in Eastern Europe

In 2021, imports of tools of wood in Eastern Europe totaled X tons, with an increase of 6.9% on 2020. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +6.5% 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 -8.0% against 2019 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 17% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, wood tool imports soared to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +58.9% against 2013 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Poland (X tons), the Czech Republic (X tons) and Romania (X tons) represented the major importer of tools of wood in Eastern Europe, generating 59% of total import. Slovakia (X tons) took the next position in the ranking, followed by Belarus (X tons), Russia (X tons), Moldova (X tons) and Hungary (X tons). All these countries together held near 34% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +19.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wood tool importing markets in Eastern Europe were Poland ($X), the Czech Republic ($X) and Slovakia ($X), with a combined 63% share of total imports. These countries were followed by Romania, Russia, Hungary, Belarus and Moldova, which together accounted for a further 27%.

Among the main importing countries, Moldova, with a CAGR of +13.9%, 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, with an increase of 12% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 21%. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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 Slovakia ($X per ton), while Moldova ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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