Eastern Europe: Accumulator Market 2024

Accumulator Market Size in Eastern Europe

In 2022, the East European accumulator market increased by X% to $X, rising for the sixth year in a row after two years of decline. Over the period under review, consumption showed a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Accumulator Production in Eastern Europe

In value terms, accumulator production shrank dramatically to $X in 2022 estimated in export price. In general, production continues to indicate resilient growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2021, and then reduced sharply in the following year.

Accumulator Exports

Exports in Eastern Europe

For the eleventh consecutive year, Eastern Europe recorded growth in shipments abroad of electric accumulators, which increased by X% to X units in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, accumulator exports surged to $X in 2022. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Poland represented the major exporter of electric accumulators in Eastern Europe, with the volume of exports accounting for X units, which was approx. X% of total exports in 2022. Hungary (X units) took the second position in the ranking, distantly followed by the Czech Republic (X units). All these countries together took near X% share of total exports. The following exporters - Slovakia (X units) and Romania (X units) - each recorded a X% share of total exports.

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

In value terms, the largest accumulator supplying countries in Eastern Europe were Poland ($X), Hungary ($X) and the Czech Republic ($X), with a combined X% share of total exports.

Among the main exporting countries, Hungary, 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

The export price in Eastern Europe stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X%. The level of export peaked at $X per unit in 2021, and then declined remarkably in the following year.

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

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

Accumulator Imports

Imports in Eastern Europe

In 2022, the amount of electric accumulators imported in Eastern Europe skyrocketed to X units, jumping by X% on the year before. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, accumulator imports soared to $X in 2022. In general, imports saw significant growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

Hungary represented the key importer of electric accumulators in Eastern Europe, with the volume of imports reaching 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 the Czech Republic (X%). Slovakia (X units), Russia (X units), Romania (X units) and Lithuania (X units) followed a long way behind the leaders.

From 2012 to 2022, 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, the Czech Republic ($X), Poland ($X) and Slovakia ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Slovakia, 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 unit, remaining relatively unchanged against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Slovakia ($X per unit), while Hungary ($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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