Eastern Europe: Market for Numerically Controlled Knee-Type Milling Machines For Working Metal 2024

Market Size for Numerically Controlled Knee-Type Milling Machines For Working Metal in Eastern Europe

The East European market for numerically controlled knee-type milling machines for working metal contracted significantly to $X in 2022, waning by X% against the previous year. Overall, consumption showed a pronounced decline. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Numerically Controlled Knee-Type Milling Machines For Working Metal in Eastern Europe

In value terms, numerically controlled knee-type milling machine production reduced modestly to $X in 2022 estimated in export price. In general, production saw a pronounced decrease. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Numerically Controlled Knee-Type Milling Machines For Working Metal

Exports in Eastern Europe

In 2022, numerically controlled knee-type milling machine exports in Eastern Europe expanded sharply to X units, rising by X% on the previous year's figure. In general, exports posted prominent growth. The growth pace was the most rapid in 2019 with an increase of X%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, numerically controlled knee-type milling machine exports reduced markedly to $X in 2022. Over the period under review, exports posted mild growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X units) and Romania (X units) prevails in exports structure, together constituting X% of total exports. It was distantly followed by Hungary (X units), constituting a X% share of total exports. Belarus (X units) followed a long way behind the leaders.

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

In value terms, the Czech Republic ($X) emerged as the largest numerically controlled knee-type milling machine supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Romania ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the Czech Republic was relatively modest. In the other countries, the average annual rates were as follows: Romania (X% per year) and Hungary (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 Belarus (X%), while the other leaders experienced a decline in the export price figures.

Imports of Numerically Controlled Knee-Type Milling Machines For Working Metal

Imports in Eastern Europe

Numerically controlled knee-type milling machine imports shrank notably to X units in 2022, falling by X% compared with 2021. Over the period under review, imports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, numerically controlled knee-type milling machine imports expanded sharply to $X in 2022. In general, imports, however, showed a temperate expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Russia (X units) and the Czech Republic (X units) represented the main importers of numerically controlled knee-type milling machines for working metal in 2022, recording approx. X% and X% of total imports, respectively. Hungary (X units) ranks next in terms of the total imports with a X% share, followed by Romania (X%), Slovakia (X%) and Poland (X%). The following importers - Estonia (X units) and Latvia (X units) - each reached a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Slovakia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Slovakia ($X) and Russia ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Estonia, Hungary, the Czech Republic, Poland and Latvia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Estonia, 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

The import price in Eastern Europe stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the import price posted buoyant growth. The pace of growth appeared the most rapid in 2014 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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