Eastern Europe: Magnetic Card Market 2024

Magnetic Card Market Size in Eastern Europe

In 2022, the East European magnetic card market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, faced a abrupt curtailment. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Magnetic Card Production in Eastern Europe

In value terms, magnetic card production reached $X in 2022 estimated in export price. In general, production showed a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Magnetic Card Exports

Exports in Eastern Europe

In 2022, shipments abroad of cards incorporating a magnetic stripe decreased by X% to X units, falling for the fourth year in a row after two years of growth. Overall, exports faced a abrupt decrease. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, magnetic card exports dropped to $X in 2022. In general, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland was the largest exporter of cards incorporating a magnetic stripe in Eastern Europe, with the volume of exports recording X units, which was approx. X% of total exports in 2022. It was distantly followed by Russia (X units), Romania (X units), Bulgaria (X units) and Ukraine (X units), together constituting a X% share of total exports. Latvia (X units) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to magnetic card exports from Poland stood at X%. At the same time, Russia (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Romania (X%), Bulgaria (X%), Latvia (X%) and Ukraine (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia, Poland, Romania and Bulgaria increased by X, X, X and X percentage points, respectively.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Poland amounted to X%. In the other countries, the average annual rates were as follows: Romania (X% per year) and Bulgaria (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the export price saw slight growth. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs 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 Romania ($X per unit), while Russia ($X per unit) was amongst the lowest.

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

Magnetic Card Imports

Imports in Eastern Europe

In 2022, after three years of decline, there was significant growth in supplies from abroad of cards incorporating a magnetic stripe, when their volume increased by X% to X units. In general, imports, however, continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, magnetic card imports soared to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Russia prevails in imports structure, finishing at X units, which was near X% of total imports in 2022. The Czech Republic (X units) held the second position in the ranking, followed by Poland (X units). All these countries together held near X% share of total imports. Ukraine (X units), Romania (X units), Belarus (X units), Lithuania (X units) and Hungary (X units) took a little share of total imports.

Imports into Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Hungary (X%) and Ukraine (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Belarus (X%), Lithuania (X%), Poland (X%), Romania (X%) and the Czech Republic (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia, Ukraine and Hungary increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported cards incorporating a magnetic stripe in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with a X% share of total imports. It was followed by Romania, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Poland amounted to X%. In the other countries, the average annual rates were as follows: Russia (X% per year) and Romania (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per unit, surging by X% against the previous year. Import price indicated pronounced growth from 2012 to 2022: its price 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, magnetic card import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per unit), while Belarus ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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