Czech Republic: Wood Bending Machine Market 2022

Wood Bending Machine Market Size in the Czech Republic

The Czech wood bending machine market contracted dramatically to $X in 2021, which is down by -94.5% against the previous year. In general, consumption faced a precipitous contraction. Wood bending machine consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Wood Bending Machine Production in the Czech Republic

In value terms, wood bending machine production contracted modestly to $X in 2021 estimated in export price. Overall, production continues to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2013 with an increase of 11%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Wood Bending Machine Exports

Exports from the Czech Republic

In 2021, overseas shipments of bending or assembling machines were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 251%. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, wood bending machine exports soared to $X in 2021. Over the period under review, exports posted buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 303%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Poland (X units) was the main destination for wood bending machine exports from the Czech Republic, with a 43% share of total exports. Moreover, wood bending machine exports to Poland exceeded the volume sent to the second major destination, France (X units), fourfold. Ireland (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Poland totaled +66.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+14.4% per year) and Ireland (+230.7% per year).

In value terms, France ($X) remains the key foreign market for wood bending machine exports from the Czech Republic, comprising 25% of total exports. The second position in the ranking was taken by Poland ($X), with a 12% share of total exports. It was followed by the UK, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+55.8% per year) and the UK (+7.3% per year).

Export Prices by Country

In 2021, the average wood bending machine export price amounted to $X per unit, shrinking by -7.4% against the previous year. Overall, the export price saw a deep setback. The pace of growth appeared the most rapid in 2013 when the average export price increased by 17%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was France ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+2,601.6%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Bending Machine Imports

Imports into the Czech Republic

In 2021, purchases abroad of bending or assembling machines decreased by -17.4% to X units, falling for the second year in a row after six years of growth. Over the period under review, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 353% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, wood bending machine imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2015 when imports increased by 106% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Austria (X units), Germany (X units) and Italy (X units) were the main suppliers of wood bending machine imports to the Czech Republic, together accounting for 78% of total imports. These countries were followed by China and the UK, which together accounted for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +34.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and Italy ($X) were the largest wood bending machine suppliers to the Czech Republic, together comprising 97% of total imports. The UK, China and France lagged somewhat behind, together comprising a further 1.7%.

Among the main suppliers, China, with a CAGR of +57.3%, recorded the highest rates of growth with regard to 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 average wood bending machine import price amounted to $X per unit, increasing by 48% against the previous year. Overall, the import price, however, continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by 107% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+108.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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