Eastern Europe: Market for Continuous-Action Elevators And Conveyors 2024

Market Size for Continuous-Action Elevators And Conveyors in Eastern Europe

The East European continuous-action elevators and conveyors market dropped to $X in 2022, with a decrease of X% against the previous year. The total consumption indicated a tangible increase 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, consumption decreased by X% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Continuous-Action Elevators And Conveyors in Eastern Europe

In value terms, continuous-action elevators and conveyors production stood at $X in 2022 estimated in export price. Overall, production continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Continuous-Action Elevators And Conveyors

Exports in Eastern Europe

In 2022, shipments abroad of continuous-action elevators and conveyors increased by X% to X units, rising for the sixth year in a row after three years of decline. Over the period under review, exports posted a prominent expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, continuous-action elevators and conveyors exports skyrocketed to $X in 2022. Total exports 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Poland (X units) and the Czech Republic (X units) were the largest exporters of continuous-action elevators and conveyors in 2022, resulting at approx. X% and X% of total exports, respectively. Latvia (X units) took the next position in the ranking, followed by Hungary (X units), Estonia (X units), Romania (X units) and Slovakia (X units). All these countries together held approx. X% share of total exports.

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

In value terms, Poland ($X), the Czech Republic ($X) and Latvia ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

In terms of the main exporting countries, Latvia, with a CAGR of X%, saw 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 2022, the export price in Eastern Europe amounted to $X per unit, growing by X% against the previous year. Overall, the export price, however, recorded a pronounced reduction. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Romania ($X per unit), while the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (X%), while the other leaders experienced a decline in the export price figures.

Imports of Continuous-Action Elevators And Conveyors

Imports in Eastern Europe

In 2022, overseas purchases of continuous-action elevators and conveyors decreased by X% to X units for the first time since 2015, thus ending a six-year rising trend. Over the period under review, imports, however, recorded a strong increase. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then dropped significantly in the following year.

In value terms, continuous-action elevators and conveyors imports fell to $X in 2022. The total import value 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 with an increase of X%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Russia was the largest importer of continuous-action elevators and conveyors in Eastern Europe, with the volume of imports amounting to X units, which was near X% of total imports in 2022. Poland (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Romania (X%) and the Czech Republic (X%). Hungary (X units), Estonia (X units) and Slovakia (X units) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to continuous-action elevators and conveyors imports into Russia stood at X%. At the same time, Romania (X%), Estonia (X%), Hungary (X%), Poland (X%), the Czech Republic (X%) and Slovakia (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. Poland (X p.p.), Romania (X p.p.), Hungary (X p.p.), the Czech Republic (X p.p.) and Estonia (X p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported continuous-action elevators and conveyors in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports. It was followed by Romania, with an X% share.

In Russia, continuous-action elevators and conveyors imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Poland (X% per year) and Romania (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2022, surging by X% against the previous year. Overall, the import price, however, continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2015 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while Estonia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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