Czech Republic: Wood Drilling Machine Market 2022

Wood Drilling Machine Market Size in the Czech Republic

The Czech wood drilling machine market surged to $X in 2021, increasing by 216% against the previous year. Overall, consumption recorded a prominent expansion. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Wood Drilling Machine Production in the Czech Republic

In value terms, wood drilling machine production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, showed a mild decline. The most prominent rate of growth was recorded in 2016 when the production volume increased by 986% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Wood Drilling Machine Exports

Exports from the Czech Republic

In 2021, shipments abroad of drilling or morticing machines decreased by -63.2% to X units, falling for the fourth consecutive year after four years of growth. Over the period under review, exports, however, recorded buoyant growth. The growth pace was the most rapid in 2014 when exports increased by 564% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood drilling machine exports dropped significantly to $X in 2021. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by 1,135%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Slovakia (X units), Germany (X units) and Poland (X units) were the main destinations of wood drilling machine exports from the Czech Republic, together accounting for 80% of total exports.

From 2012 to 2021, the biggest increases were in Slovakia (with a CAGR of +17.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X) emerged as the key foreign market for wood drilling machine exports from the Czech Republic, comprising 42% of total exports. The second position in the ranking was held by Hungary ($X), with a 15% share of total exports. It was followed by Germany, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Slovakia amounted to +17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+11.1% per year) and Germany (-14.1% per year).

Export Prices by Country

The average wood drilling machine export price stood at $X per unit in 2021, picking up by 38% against the previous year. Overall, the export price, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 86%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Hungary ($X per unit), while the average price for exports to Poland ($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 Hungary (+9.2%), while the prices for the other major destinations experienced mixed trend patterns.

Wood Drilling Machine Imports

Imports into the Czech Republic

In 2021, supplies from abroad of drilling or morticing machines was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, imports showed a strong increase. The pace of growth appeared the most rapid in 2014 when imports increased by 1,250%. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, wood drilling machine imports shrank remarkably to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 334%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of wood drilling machine to the Czech Republic, accounting for a 65% share of total imports. Moreover, wood drilling machine imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X units), threefold. France (X units) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+117.3% per year) and France (+37.9% per year).

In value terms, Italy ($X), Germany ($X) and Poland ($X) appeared to be the largest wood drilling machine suppliers to the Czech Republic, together accounting for 88% of total imports. These countries were followed by France and China, which together accounted for a further 4.5%.

In terms of the main suppliers, France, with a CAGR of +118.6%, saw 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

The average wood drilling machine import price stood at $X per unit in 2021, which is down by -53.6% against the previous year. Over the period under review, the import price saw a abrupt descent. The pace of growth appeared the most rapid in 2020 when the average import price increased by 127%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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