Eastern Europe: Cranks And Crankshafts Market 2024

Cranks And Crankshafts Market Size in Eastern Europe

In 2022, the East European cranks and crankshafts market decreased by X% to $X, falling for the third consecutive year after three years of growth. Overall, consumption recorded a mild slump. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Cranks And Crankshafts Production in Eastern Europe

In value terms, cranks and crankshafts production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Cranks And Crankshafts Exports

Exports in Eastern Europe

In 2022, exports of cranks and crankshafts in Eastern Europe dropped to X tons, which is down by X% on the previous year's figure. In general, exports showed a pronounced descent. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, cranks and crankshafts exports dropped to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then reduced slightly in the following year.

Exports by Country

Poland was the key exporting country with an export of around X tons, which reached X% of total exports. Slovakia (X tons) ranks second in terms of the total exports with an X% share, followed by Hungary (X%), the Czech Republic (X%) and Romania (X%). The following exporters - Belarus (X tons) and Russia (X tons) - each resulted at a X% share of total exports.

Poland was also the fastest-growing in terms of the cranks and crankshafts exports, with a CAGR of X% from 2012 to 2022. At the same time, Belarus (X%) and Slovakia (X%) displayed positive paces of growth. Hungary experienced a relatively flat trend pattern. By contrast, Russia (X%), the Czech Republic (X%) and Romania (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland, Slovakia 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 ($X), Hungary ($X) and Slovakia ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Poland, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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

The export price in Eastern Europe stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the Czech Republic ($X per ton) 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 more modest paces of growth.

Cranks And Crankshafts Imports

Imports in Eastern Europe

In 2022, purchases abroad of cranks and crankshafts increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, saw a relatively flat trend pattern. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, cranks and crankshafts imports declined slightly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then dropped modestly in the following year.

Imports by Country

In 2022, Hungary (X tons) and Poland (X tons) represented the main importers of cranks and crankshafts in Eastern Europe, together finishing at near X% of total imports. It was distantly followed by Slovakia (X tons), Romania (X tons), the Czech Republic (X tons) and Russia (X tons), together creating a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Hungary (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cranks and crankshafts importing markets in Eastern Europe were Poland ($X), Hungary ($X) and the Czech Republic ($X), with a combined X% share of total imports.

In terms of the main importing countries, Poland, with a CAGR of X%, saw the highest growth rate of 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

The import price in Eastern Europe stood at $X per ton in 2022, waning by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X%. The level of import peaked at $X per ton in 2021, and then declined in the following year.

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 the Czech Republic ($X per ton), while Romania ($X per ton) was 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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