Eastern Europe: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in Eastern Europe

The East European wood milling machine market soared to $X in 2023, increasing by X% against the previous year. The total consumption indicated mild growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in the immediate term.

Wood Milling Machine Production in Eastern Europe

In value terms, wood milling machine production soared to $X in 2023 estimated in export price. In general, production, however, continues to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2023, production remained at a lower figure.

Wood Milling Machine Exports

Exports in Eastern Europe

In 2023, shipments abroad of planing, milling or moulding machines decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Overall, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of export peaked at X units in 2022, and then contracted modestly in the following year.

In value terms, wood milling machine exports fell slightly to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of export peaked at $X in 2022, and then shrank in the following year.

Exports by Country

In 2023, Poland (X units) was the major exporter of planing, milling or moulding machines, creating X% of total exports. The Czech Republic (X units) held the second position in the ranking, distantly followed by Estonia (X units). All these countries together held approx. X% share of total exports. Bulgaria (X units) and Russia (X units) held a minor share of total exports.

From 2012 to 2023, the biggest increases were recorded for Estonia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest wood milling machine supplying countries in Eastern Europe were Poland ($X), the Czech Republic ($X) and Bulgaria ($X), together comprising X% of total exports.

Poland, with a CAGR of X%, recorded the highest growth rate of 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

In 2023, the export price in Eastern Europe amounted to $X per unit, almost unchanged from the previous year. In general, the export price, however, recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2014 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 2015 to 2023, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bulgaria ($X per unit), while Estonia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced a decline in the export price figures.

Wood Milling Machine Imports

Imports in Eastern Europe

In 2023, overseas purchases of planing, milling or moulding machines increased by X% to X units, rising for the third year in a row after two years of decline. In general, imports posted prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2023 and are expected to retain growth in the near future.

In value terms, wood milling machine imports surged to $X in 2023. Total imports indicated tangible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Imports by Country

Russia represented the largest importer of planing, milling or moulding machines in Eastern Europe, with the volume of imports accounting for X units, which was near X% of total imports in 2023. Poland (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Slovakia (X%) and the Czech Republic (X%). Ukraine (X units) and Romania (X units) followed a long way behind the leaders.

Imports into Russia increased at an average annual rate of X% from 2012 to 2023. At the same time, Slovakia (X%), Romania (X%), the Czech Republic (X%) and Poland (X%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Ukraine (X%) illustrated a downward trend over the same period. Russia (X p.p.) and Slovakia (X p.p.) significantly strengthened its position in terms of the total imports, while the Czech Republic, Ukraine and Poland saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest wood milling machine importing markets in Eastern Europe were Russia ($X), Slovakia ($X) and Poland ($X), with a combined X% share of total imports.

Slovakia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries 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 2023, growing by X% against the previous year. Overall, the import price, however, showed a abrupt shrinkage. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2023, 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 Romania ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform