Eastern Europe: Electric Soldering Iron Market 2024

Electric Soldering Iron Market Size in Eastern Europe

For the fourth year in a row, the East European electric soldering iron market recorded growth in sales value, which increased by X% to $X in 2023. In general, consumption, however, enjoyed a strong increase. Over the period under review, the market attained the maximum level in 2023 and is likely to continue growth in years to come.

Electric Soldering Iron Production in Eastern Europe

In value terms, electric soldering iron production reduced markedly to $X in 2023 estimated in export price. Overall, production continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. The level of production peaked at $X in 2017; however, from 2018 to 2023, production remained at a lower figure.

Electric Soldering Iron Exports

Exports in Eastern Europe

In 2023, the amount of electric soldering irons and guns exported in Eastern Europe declined to X units, which is down by X% compared with 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, electric soldering iron exports skyrocketed to $X in 2023. Overall, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of export peaked in 2023 and is likely to see steady growth in the near future.

Exports by Country

In 2023, Poland (X units), distantly followed by the Czech Republic (X units), Romania (X units), Slovakia (X units), Russia (X units) and Belarus (X units) were the key exporters of electric soldering irons and guns, together generating X% of total exports. Ukraine (X units) took a little share of total exports.

From 2012 to 2023, the biggest increases were recorded for Belarus (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) remains the largest electric soldering iron supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total exports. It was followed by Slovakia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Poland amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Slovakia (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per unit, jumping by X% against the previous year. Overall, the export price showed a resilient expansion. The pace of growth was the most pronounced in 2020 an increase of X%. The level of export peaked in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Poland ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2023, 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.

Electric Soldering Iron Imports

Imports in Eastern Europe

In 2023, overseas purchases of electric soldering irons and guns decreased by X% to X units, falling for the second year in a row after two years of growth. In general, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, electric soldering iron imports totaled $X in 2023. Total imports indicated a temperate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2023 and are likely to see steady growth in years to come.

Imports by Country

In 2023, Russia (X units) represented the main importer of electric soldering irons and guns, committing X% of total imports. Poland (X units) ranks second in terms of the total imports with a X% share, followed by Hungary (X%) and Romania (X%). The Czech Republic (X units), Bulgaria (X units) and Belarus (X units) followed a long way behind the leaders.

Russia experienced a relatively flat trend pattern with regard to volume of imports of electric soldering irons and guns. At the same time, Belarus (X%), Hungary (X%), Romania (X%) and Poland (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Bulgaria (X%) and the Czech Republic (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Poland, Hungary, Romania, the Czech Republic and Bulgaria increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Poland ($X) and the Czech Republic ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports. Hungary, Romania, Bulgaria and Belarus lagged somewhat behind, together comprising a further X%.

Belarus, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2023, the import price in Eastern Europe amounted to $X per unit, growing by X% against the previous year. In general, the import price, however, saw a slight decline. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The level of import peaked at $X per unit in 2016; however, from 2017 to 2023, 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 ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform