Eastern Europe: Base Metal Hinge Market 2024

Base Metal Hinge Market Size in Eastern Europe

In 2022, after six years of growth, there was decline in the East European base metal hinge market, when its value decreased by X% to $X. In general, consumption, however, recorded a resilient expansion. The level of consumption peaked at $X in 2021, and then fell slightly in the following year.

Base Metal Hinge Production in Eastern Europe

In value terms, base metal hinge production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of production peaked in 2022 and is expected to retain growth in years to come.

Base Metal Hinge Exports

Exports in Eastern Europe

In 2022, approx. X tons of base metal hinges were exported in Eastern Europe; waning by X% on 2021 figures. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, base metal hinge exports reduced to $X in 2022. Total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

Poland (X tons) and the Czech Republic (X tons) represented the key exporters of base metal hinges in 2022, resulting at near X% and X% of total exports, respectively. Slovakia (X tons) ranks next in terms of the total exports with a X% share, followed by Romania (X%) and Latvia (X%). The following exporters - Bulgaria (X tons), Hungary (X tons) and Ukraine (X tons) - each amounted to a X% share of total exports.

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

In value terms, the largest base metal hinge supplying countries in Eastern Europe were Poland ($X), the Czech Republic ($X) and Slovakia ($X), together comprising X% of total exports. Romania, Hungary, Latvia, Bulgaria and Ukraine lagged somewhat behind, together accounting for a further X%.

Bulgaria, 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 2022, the export price in Eastern Europe amounted to $X per ton, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, 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.

Base Metal Hinge Imports

Imports in Eastern Europe

In 2022, approx. X tons of base metal hinges were imported in Eastern Europe; reducing by X% against 2021. Total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, base metal hinge imports shrank to $X in 2022. Total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, Russia (X tons) and Poland (X tons) represented the main importers of base metal hinges in Eastern Europe, together mixing up X% of total imports. The Czech Republic (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Romania (X%) and Slovakia (X%). Lithuania (X tons), Hungary (X tons) and Ukraine (X tons) held a minor 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 Lithuania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

Lithuania, 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

In 2022, the import price in Eastern Europe amounted to $X per ton, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Hungary ($X per ton) and Slovakia ($X per ton), while Romania ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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