Eastern Europe: Machinery Electrical Parts Market 2024

Machinery Electrical Parts Market Size in Eastern Europe

The East European machinery electrical parts market reduced to $X in 2022, waning by X% against the previous year. Over the period under review, consumption recorded a noticeable curtailment. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Machinery Electrical Parts Production in Eastern Europe

In value terms, machinery electrical parts production fell to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Machinery Electrical Parts Exports

Exports in Eastern Europe

In 2022, overseas shipments of electrical parts of machinery or apparatus decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, machinery electrical parts exports totaled $X in 2022. Overall, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Poland was the largest exporting country with an export of around X tons, which reached X% of total exports. Slovakia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Romania (X%), the Czech Republic (X%), Bulgaria (X%) and Lithuania (X%). Hungary (X tons) followed a long way behind the leaders.

Exports from Poland increased at an average annual rate of X% from 2012 to 2022. At the same time, Lithuania (X%), Slovakia (X%), the Czech Republic (X%), Bulgaria (X%) and Hungary (X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Romania (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland, Lithuania and Slovakia increased by X, X and X percentage points, respectively.

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

From 2012 to 2022, the average annual growth rate of value in Poland stood at X%. In the other countries, the average annual rates were as follows: the Czech Republic (X% per year) and Slovakia (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price showed a buoyant expansion. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. Over the period under review, the export prices hit record highs 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 the Czech Republic ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, 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.

Machinery Electrical Parts Imports

Imports in Eastern Europe

Machinery electrical parts imports fell markedly to X tons in 2022, reducing by X% compared with the previous year. Overall, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, machinery electrical parts imports shrank to $X in 2022. In general, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then reduced in the following year.

Imports by Country

Poland was the key importer of electrical parts of machinery or apparatus in Eastern Europe, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. Hungary (X tons) ranks second in terms of the total imports with a X% share, followed by Slovakia (X%) and Romania (X%). The Czech Republic (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to machinery electrical parts imports into Poland stood at X%. At the same time, Slovakia (X%), Hungary (X%) and Romania (X%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, the Czech Republic (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Slovakia, Hungary and Romania increased by X, X and X percentage points, respectively.

In value terms, the largest machinery electrical parts importing markets in Eastern Europe were Hungary ($X), Poland ($X) and Slovakia ($X), with a combined X% share of total imports.

Among the main importing countries, Slovakia, with a CAGR of X%, recorded the highest rates of growth with regard to 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, increasing by X% against the previous year. Import price indicated noticeable 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, machinery electrical parts import price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Poland ($X per ton) 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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