Czech Republic: Market for Grinding, Sanding and Polishing Machines 2022

Market Size for Grinding, Sanding and Polishing Machines in the Czech Republic

The Czech market for grinding, sanding and polishing machines reduced dramatically to $X in 2021, with a decrease of -46.2% against the previous year. Over the period under review, consumption, however, recorded a significant expansion. As a result, consumption attained the peak level of $X, and then contracted rapidly in the following year.

Production of Grinding, Sanding and Polishing Machines in the Czech Republic

In value terms, grinding, sanding and polishing machine production declined markedly to $X in 2021 estimated in export price. In general, production recorded a sharp decline. Over the period under review, production hit record highs at $X in 2020, and then contracted remarkably in the following year.

Exports of Grinding, Sanding and Polishing Machines

Exports from the Czech Republic

In 2021, after nine years of growth, there was significant decline in overseas shipments of grinding, sanding and polishing machines, when their volume decreased by -8.4% to X units. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2018 when exports increased by 65% against the previous year. Over the period under review, the exports reached the maximum at X units in 2020, and then dropped in the following year.

In value terms, grinding, sanding and polishing machine exports dropped notably to $X in 2021. Overall, exports, however, posted a slight increase. The pace of growth appeared the most rapid in 2019 when exports increased by 64% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X units), Slovakia (X units) and Poland (X units) were the main destinations of grinding, sanding and polishing machine exports from the Czech Republic, together accounting for 60% of total exports. These countries were followed by China, Hungary, Austria, the Netherlands, Australia, Estonia and Russia, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +269.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Slovakia ($X) and Poland ($X) appeared to be the largest markets for grinding, sanding and polishing machine exported from the Czech Republic worldwide, with a combined 35% share of total exports. China, Austria, Hungary, the Netherlands, Russia, Australia and Estonia lagged somewhat behind, together comprising a further 25%.

Australia, with a CAGR of +101.8%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for grinding, sanding and polishing machines stood at $X per unit in 2021, falling by -11.4% against the previous year. Overall, the export price faced a abrupt downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 30%. The export price peaked 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 for the major export markets. In 2021, the country with the highest price was Russia ($X per unit), while the average price for exports to Slovakia ($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 (+0.3%), while the prices for the other major destinations experienced a decline.

Imports of Grinding, Sanding and Polishing Machines

Imports into the Czech Republic

In 2021, overseas purchases of grinding, sanding and polishing machines were finally on the rise to reach X units after three years of decline. Overall, imports showed strong growth. The pace of growth appeared the most rapid in 2016 with an increase of 111% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, grinding, sanding and polishing machine imports soared to $X in 2021. In general, imports continue to indicate prominent growth. The pace of growth was the most pronounced in 2014 when imports increased by 82% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X units), China (X units) and the Netherlands (X units) were the main suppliers of grinding, sanding and polishing machine imports to the Czech Republic, with a combined 75% share of total imports. These countries were followed by Austria, Poland, Taiwan (Chinese) and Italy, which together accounted for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +75.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of grinding, sanding and polishing machine to the Czech Republic, comprising 45% of total imports. The second position in the ranking was held by Italy ($X), with a 16% share of total imports. It was followed by China, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+12.3% per year) and China (+14.5% per year).

Import Prices by Country

The average import price for grinding, sanding and polishing machines stood at $X per unit in 2021, with a decrease of -5.2% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 68% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2020, and then declined in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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