Eastern Europe: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2024

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Eastern Europe

In 2023, the East European market for machine-tools for working stone, ceramics, and concrete increased by X% to $X for the first time since 2019, thus ending a three-year declining trend. Over the period under review, consumption, however, continues to indicate a abrupt downturn. As a result, consumption attained the peak level of $X. From 2016 to 2023, the growth of the market failed to regain momentum.

Production of Machine-Tools For Working Stone, Ceramics, And Concrete in Eastern Europe

In value terms, machine tools for working stone production fell to $X in 2023 estimated in export price. In general, production recorded a dramatic slump. The growth pace was the most rapid in 2015 with an increase of X%. As a result, production reached the peak level of $X. From 2016 to 2023, production growth remained at a lower figure.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports in Eastern Europe

In 2023, the amount of machine-tools for working stone, ceramics, and concrete exported in Eastern Europe rose sharply to X units, with an increase of X% on the previous year's figure. Over the period under review, exports saw significant 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 reached the peak figure at X units in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, machine tools for working stone exports surged to $X in 2023. In general, exports recorded strong growth. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2023 and are likely to continue growth in the near future.

Exports by Country

Poland represented the largest exporter of machine-tools for working stone, ceramics, and concrete in Eastern Europe, with the volume of exports accounting for X units, which was near X% of total exports in 2023. It was distantly followed by Latvia (X units), the Czech Republic (X units), Hungary (X units), Romania (X units), Bulgaria (X units) and Lithuania (X units), together generating a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to machine tools for working stone exports from Poland stood at X%. At the same time, Bulgaria (X%), Romania (X%), Latvia (X%), Lithuania (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Hungary (X%) illustrated a downward trend over the same period. While the share of Poland (X p.p.), the Czech Republic (X p.p.), Hungary (X p.p.), Romania (X p.p.) and Bulgaria (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Latvia (X p.p.) and Lithuania (X p.p.) displayed negative dynamics.

In value terms, Poland ($X), Latvia ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Among the main exporting countries, Latvia, 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

The export price in Eastern Europe stood at $X per unit in 2023, growing by X% against the previous year. In general, the export price, however, faced a abrupt decline. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2023, the export prices remained 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 Latvia ($X per unit), while Poland ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Latvia (X%), while the other leaders experienced more modest paces of growth.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports in Eastern Europe

In 2023, imports of machine-tools for working stone, ceramics, and concrete in Eastern Europe rose sharply to X units, with an increase of X% on 2022. Overall, imports, however, saw a mild contraction. The pace of growth appeared the most rapid in 2017 with an increase of X%. The volume of import peaked at X units in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, machine tools for working stone imports expanded significantly to $X in 2023. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Romania (X units), distantly followed by Russia (X units), Poland (X units), Bulgaria (X units) and the Czech Republic (X units) were the major importers of machine-tools for working stone, ceramics, and concrete, together achieving X% of total imports. The following importers - Hungary (X units), Latvia (X units), Ukraine (X units), Belarus (X units), Slovakia (X units) and Lithuania (X units) - together made up X% of total imports.

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

In value terms, the largest machine tools for working stone importing markets in Eastern Europe were Russia ($X), Romania ($X) and Poland ($X), together comprising X% of total imports. Bulgaria, Latvia, Hungary, the Czech Republic, Ukraine, Slovakia, Lithuania and Belarus lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Slovakia, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2023, the import price in Eastern Europe amounted to $X per unit, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2023, the import prices remained at a 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 Latvia ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform