Eastern Europe: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Eastern Europe

The East European machine-tool for working metal market declined to $X in 2022, shrinking by X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Machine Tools For Working Metal in Eastern Europe

In value terms, machine-tool for working metal production shrank significantly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Machine Tools For Working Metal

Exports in Eastern Europe

In 2022, shipments abroad of machine tools for working metal increased by X% to X units, rising for the second consecutive year after three years of decline. In general, exports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, machine-tool for working metal exports reached $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Russia (X units), distantly followed by Poland (X units), Slovakia (X units), the Czech Republic (X units), Hungary (X units) and Romania (X units) were the key exporters of machine tools for working metal, together making up X% of total exports. Belarus (X units) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Poland ($X) and Slovakia ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

The Czech Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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 unit in 2022, remaining stable against the previous year. In general, the export price, however, continues to indicate prominent growth. The growth pace was the most rapid in 2018 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Imports of Machine Tools For Working Metal

Imports in Eastern Europe

In 2022, overseas purchases of machine tools for working metal increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, imports saw tangible growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, machine-tool for working metal imports shrank to $X in 2022. Over the period under review, imports, however, continue to indicate a pronounced setback. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia dominates imports structure, resulting at X units, which was approx. X% of total imports in 2022. It was distantly followed by Poland (X units), committing a X% share of total imports. Hungary (X units), the Czech Republic (X units), Belarus (X units), Ukraine (X units) and Romania (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to machine-tool for working metal imports into Russia stood at X%. At the same time, Hungary (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. Poland experienced a relatively flat trend pattern. By contrast, Ukraine (X%), the Czech Republic (X%) and Romania (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia and Hungary increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Poland ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, Poland, with a CAGR of X%, recorded 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 2022, the import price in Eastern Europe amounted to $X per unit, dropping by X% against the previous year. Overall, the import price showed a perceptible curtailment. The growth pace was the most rapid in 2014 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, 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 the Czech Republic ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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