Eastern Europe: Electronic Metal Tester Market 2024

Electronic Metal Tester Market Size in Eastern Europe

The East European electronic metal tester market dropped slightly to $X.9B in 2022, approximately reflecting the previous year. Overall, consumption continues to indicate a resilient expansion. The level of consumption peaked at $X.2B in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Electronic Metal Tester Production in Eastern Europe

In value terms, electronic metal tester production fell slightly to $X.8B in 2022 estimated in export price. Over the period under review, production recorded a buoyant expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. The level of production peaked at $X.9B in 2019; however, from 2020 to 2022, production remained at a lower figure.

Electronic Metal Tester Exports

Exports in Eastern Europe

In 2022, electronic metal tester exports in Eastern Europe reduced sharply to X units, waning by X% against 2021 figures. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, electronic metal tester exports contracted rapidly to $X in 2022. Overall, exports recorded a slight contraction. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then declined rapidly in the following year.

Exports by Country

The Czech Republic was the largest exporter of electronic machines and appliances for testing metals in Eastern Europe, with the volume of exports resulting at X units, which was approx. X% of total exports in 2022. Russia (X units) ranks second in terms of the total exports with an X% share, followed by Hungary (X%) and Lithuania (X%). Ukraine (X units), Romania (X units), Poland (X units), Bulgaria (X units), Estonia (X units), Slovakia (X units) and Belarus (X units) followed a long way behind the leaders.

Exports from the Czech Republic decreased at an average annual rate of X% from 2012 to 2022. At the same time, Estonia (X%), Belarus (X%), Lithuania (X%), Slovakia (X%), Hungary (X%), Ukraine (X%) and Romania (X%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Bulgaria (X%), Poland (X%) and Russia (X%) illustrated a downward trend over the same period. While the share of the Czech Republic (X p.p.), Lithuania (X p.p.), Hungary (X p.p.), Ukraine (X p.p.), Estonia (X p.p.), Romania (X p.p.), Belarus (X p.p.) and Slovakia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X) remains the largest electronic metal tester supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Hungary ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

In the Czech Republic, electronic metal tester exports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hungary (X% per year) and Russia (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, surging by X% against the previous year. Export price indicated a measured increase 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, electronic metal tester export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

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

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

Electronic Metal Tester Imports

Imports in Eastern Europe

After two years of growth, purchases abroad of electronic machines and appliances for testing metals decreased by X% to X units in 2022. Total imports indicated strong 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, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, electronic metal tester imports reduced markedly to $X in 2022. In general, imports saw a perceptible slump. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Russia dominates imports structure, finishing at X units, which was near X% of total imports in 2022. Ukraine (X units) ranks second in terms of the total imports with a X% share, followed by Poland (X%), the Czech Republic (X%) and Romania (X%). The following importers - Lithuania (X units) and Slovakia (X units) - each accounted for a X% share of total imports.

Russia was also the fastest-growing in terms of the electronic machines and appliances for testing metals imports, with a CAGR of X% from 2012 to 2022. At the same time, Lithuania (X%), Ukraine (X%) and Slovakia (X%) displayed positive paces of growth. Poland and Romania experienced a relatively flat trend pattern. By contrast, the Czech Republic (X%) illustrated a downward trend over the same period. Russia (X p.p.) significantly strengthened its position in terms of the total imports, while Romania, Poland and the Czech Republic saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported electronic machines and appliances for testing metals in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

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

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per unit, declining by X% against the previous year. In general, the import price showed a abrupt descent. The pace of growth was the most pronounced in 2019 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 ($X per unit), while Lithuania ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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