Eastern Europe: Metal Hammer Market 2024

Metal Hammer Market Size in Eastern Europe

The East European metal hammer market expanded sharply to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Metal Hammer Production in Eastern Europe

In value terms, metal hammer production contracted to $X in 2022 estimated in export price. In general, production recorded a pronounced decrease. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Metal Hammer Exports

Exports in Eastern Europe

After five years of growth, shipments abroad of hammers and sledge hammers with working part of metal decreased by X% to X tons in 2022. Total exports indicated a mild expansion 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. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021, and then contracted dramatically in the following year.

In value terms, metal hammer exports contracted notably to $X in 2022. Overall, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then reduced rapidly in the following year.

Exports by Country

In 2022, Poland (X tons), distantly followed by the Czech Republic (X tons), Russia (X tons), Slovakia (X tons) and Belarus (X tons) represented the largest exporters of hammers and sledge hammers with working part of metal, together committing X% of total exports. Bulgaria (X tons) and Lithuania (X tons) took a relatively small share of total exports.

From 2012 to 2022, 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 ($X), the Czech Republic ($X) and Russia ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Slovakia, Bulgaria, Lithuania and Belarus lagged somewhat behind, together comprising a further X%.

Belarus, with a CAGR of X%, recorded the highest growth rate of 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 ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while Belarus ($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.

Metal Hammer Imports

Imports in Eastern Europe

In 2022, after four years of growth, there was decline in overseas purchases of hammers and sledge hammers with working part of metal, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The volume of import peaked at X tons in 2021, and then contracted slightly in the following year.

In value terms, metal hammer imports shrank slightly to $X in 2022. Total imports indicated a tangible 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, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then dropped modestly in the following year.

Imports by Country

Russia represented the key importer of hammers and sledge hammers with working part of metal in Eastern Europe, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. It was distantly followed by Poland (X tons), Romania (X tons) and the Czech Republic (X tons), together generating a X% share of total imports. Hungary (X tons), Bulgaria (X tons), Ukraine (X tons), Slovakia (X tons), Lithuania (X tons) and Belarus (X tons) followed a long way behind the leaders.

Russia experienced a relatively flat trend pattern with regard to volume of imports of hammers and sledge hammers with working part of metal. At the same time, Bulgaria (X%), Lithuania (X%), Slovakia (X%), Hungary (X%), Belarus (X%), the Czech Republic (X%), Romania (X%) and Poland (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Ukraine (X%) illustrated a downward trend over the same period. While the share of Poland (X p.p.), Bulgaria (X p.p.), Romania (X p.p.) and the Czech Republic (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ukraine (X p.p.) and Russia (X p.p.) displayed negative dynamics. 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) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Romania, Slovakia, Hungary, Bulgaria, Ukraine, Lithuania and Belarus lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Bulgaria, with a CAGR of X%, saw 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, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

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