Eastern Europe: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Eastern Europe

In 2023, the East European machine-tool for removing material market increased by X% to $X, rising for the seventh consecutive year after two years of decline. Overall, consumption continues to indicate a resilient expansion. The level of consumption peaked in 2023 and is likely to see steady growth in the immediate term.

Production of Machine-Tools For Working Any Material By Removal Of Material in Eastern Europe

In value terms, machine-tool for removing material production contracted rapidly to $X in 2023 estimated in export price. In general, production continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2023, production growth remained at a somewhat lower figure.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports in Eastern Europe

Machine-tool for removing material exports soared to X units in 2023, rising by X% on the previous year. Overall, exports posted resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to see steady growth in the near future.

In value terms, machine-tool for removing material exports skyrocketed to $X in 2023. Total exports indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in years to come.

Exports by Country

Poland represented the key exporter of machine-tools for working any material by removal of material in Eastern Europe, with the volume of exports finishing at X units, which was approx. X% of total exports in 2023. It was distantly followed by the Czech Republic (X units), Hungary (X units) and Lithuania (X units), together comprising a X% share of total exports. Slovakia (X units), Russia (X units) and Bulgaria (X units) held a little share of total exports.

Exports from Poland increased at an average annual rate of X% from 2012 to 2023. At the same time, Hungary (X%), Bulgaria (X%), Lithuania (X%), Slovakia (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. Russia experienced a relatively flat trend pattern. Poland (X p.p.), Hungary (X p.p.), Lithuania (X p.p.) and Bulgaria (X p.p.) significantly strengthened its position in terms of the total exports, while Slovakia, Russia and the Czech Republic saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

In value terms, Poland ($X), Slovakia ($X) and the Czech Republic ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Hungary, Bulgaria, Russia and Lithuania lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Bulgaria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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, with a decrease of X% against the previous year. Overall, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Slovakia ($X per unit), while Lithuania ($X per unit) was amongst the lowest.

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

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports in Eastern Europe

In 2023, overseas purchases of machine-tools for working any material by removal of material increased by X% to X units, rising for the seventh consecutive year after two years of decline. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The volume of import peaked in 2023 and is likely to continue growth in the near future.

In value terms, machine-tool for removing material imports expanded notably to $X in 2023. Total imports indicated strong 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 2019 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked in 2023 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2023, Russia (X units) was the key importer of machine-tools for working any material by removal of material, making up X% of total imports. It was distantly followed by Poland (X units), the Czech Republic (X units), Hungary (X units) and Slovakia (X units), together constituting a X% share of total imports. The following importers - Romania (X units) and Bulgaria (X units) - each resulted at a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to machine-tool for removing material imports into Russia stood at X%. At the same time, Hungary (X%), Poland (X%), Bulgaria (X%), Romania (X%), Slovakia (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. While the share of Russia (X p.p.) and Hungary (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Romania (X p.p.), Slovakia (X p.p.) and the Czech Republic (X p.p.) displayed negative dynamics. 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) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Romania, Slovakia, Hungary and Bulgaria lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Slovakia, 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 2023, rising by X% against the previous year. Over the period under review, the import price, however, recorded a deep setback. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, 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 Slovakia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform