Eastern Europe: Power Tool Market 2024

Power Tool Market Size in Eastern Europe

For the fourth year in a row, the East European power tool market recorded growth in sales value, which increased by X% to $X in 2022. The total consumption indicated a perceptible 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 increased by X% against 2016 indices. The level of consumption peaked in 2022 and is likely to see steady growth in the near future.

Power Tool Production in Eastern Europe

In value terms, power tool production reduced to $X in 2022 estimated in export price. In general, production continues to indicate a mild setback. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Power Tool Exports

Exports in Eastern Europe

In 2022, after two years of growth, there was significant decline in overseas shipments of power tools, when their volume decreased by X% to X units. Total exports indicated moderate growth from 2012 to 2022: its volume 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 2015 indices. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of X units, and then fell remarkably in the following year.

In value terms, power tool exports dropped to $X in 2022. In general, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

In 2022, Hungary (X units), Romania (X units) and Poland (X units) represented the largest exporter of power tools in Eastern Europe, making up X% of total export. The Czech Republic (X units) took the next position in the ranking, followed by Russia (X units). All these countries together held approx. X% share of total exports. The following exporters - Estonia (X units) and Belarus (X units) - together made up X% of total exports.

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

In value terms, the largest power tool supplying countries in Eastern Europe were Romania ($X), Hungary ($X) and Poland ($X), with a combined X% share of total exports. The Czech Republic, Estonia, Russia and Belarus lagged somewhat behind, together accounting for a further X%.

Belarus, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 unit in 2022, growing by X% against the previous year. Export price indicated a buoyant expansion 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, power tool export price increased by X% against 2012 indices. The pace of growth was the most pronounced in 2017 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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

Power Tool Imports

Imports in Eastern Europe

In 2022, supplies from abroad of power tools decreased by X% to X units for the first time since 2015, thus ending a six-year rising trend. Overall, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The volume of import peaked at X units in 2021, and then declined in the following year.

In value terms, power tool imports shrank to $X in 2022. Over the period under review, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2021, and then contracted modestly in the following year.

Imports by Country

Russia represented the key importer of power tools in Eastern Europe, with the volume of imports reaching X units, which was approx. X% of total imports in 2022. Poland (X units) ranks second in terms of the total imports with a X% share, followed by the Czech Republic (X%), Hungary (X%) and Romania (X%). The following importers - Belarus (X units) and Ukraine (X units) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main 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 power tool importing markets in Eastern Europe were Russia ($X), Poland ($X) and the Czech Republic ($X), together accounting for X% of total imports. Hungary, Romania, Ukraine and Belarus lagged somewhat behind, together comprising a further X%.

Hungary, 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

The import price in Eastern Europe stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

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