Eastern Europe: Truck Market 2024

Truck Market Size in Eastern Europe

The East European truck market declined notably to $X in 2023, dropping by X% against the previous year. Overall, consumption continues to indicate a abrupt shrinkage. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Truck Production in Eastern Europe

In value terms, truck production contracted to $X in 2023 estimated in export price. In general, production recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Truck Exports

Exports in Eastern Europe

For the third year in a row, Eastern Europe recorded growth in shipments abroad of trucks, which increased by X% to X units in 2023. Over the period under review, exports saw a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, truck exports skyrocketed to $X in 2023. Overall, exports posted a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland dominates exports structure, amounting to X units, which was near X% of total exports in 2023. It was distantly followed by Slovakia (X units), committing a X% share of total exports. The following exporters - the Czech Republic (X units), Hungary (X units), Russia (X units) and Lithuania (X units) - each accounted for a X% share of total exports.

Poland was also the fastest-growing in terms of the trucks exports, with a CAGR of X% from 2012 to 2023. At the same time, Slovakia (X%), the Czech Republic (X%) and Hungary (X%) displayed positive paces of growth. Russia experienced a relatively flat trend pattern. By contrast, Lithuania (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Poland increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest truck supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Slovakia ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Poland totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Slovakia (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2023, with a decrease of X% against the previous year. Overall, the export price showed a mild decrease. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2014; however, from 2015 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 the Czech Republic ($X per unit), while Lithuania ($X per unit) was amongst the lowest.

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

Truck Imports

Imports in Eastern Europe

In 2023, approx. X units of trucks were imported in Eastern Europe; surging by X% against the previous year. In general, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, truck imports soared to $X in 2023. Total imports 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked in 2023 and is likely to see steady growth in the near future.

Imports by Country

The purchases of the seven major importers of trucks, namely Poland, Hungary, the Czech Republic, Russia, Romania, Slovakia and Ukraine, represented more than two-thirds of total import.

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

In value terms, Poland ($X), Russia ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Hungary, Romania, Ukraine and Slovakia lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Hungary, with a CAGR of X%, saw 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, falling by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per unit), while Slovakia ($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 a decline in the import price figures.

Source: IndexBox Platform