Eastern Europe: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Eastern Europe

In 2021, the East European market for in-hand motor grinders, sanders and planers increased by 26% to $X, rising for the fifth year in a row after two years of decline. The total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +101.6% against 2016 indices. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in the immediate term.

Production of In-Hand Motor Grinders, Sanders And Planers in Eastern Europe

In value terms, production of in-hand motor grinders, sanders and planers expanded notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the production volume increased by 12% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production of growth failed to regain momentum.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports in Eastern Europe

In 2021, the amount of in-hand motor grinders, sanders and planers exported in Eastern Europe soared to X units, jumping by 48% on 2020. Over the period under review, exports posted a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of in-hand motor grinders, sanders and planers skyrocketed to $X in 2021. In general, exports recorded a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Hungary (X units) and Romania (X units) represented the major exporters of in-hand motor grinders, sanders and planers in Eastern Europe, together amounting to approx. 61% of total exports. Poland (X units) ranks next in terms of the total exports with a 15% share, followed by the Czech Republic (12%). Russia (X units), Belarus (X units) and Estonia (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Belarus (with a CAGR of +71.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest electromechanical tools for working in the hand, with self-contained electric motor supplying countries in Eastern Europe were Hungary ($X), Romania ($X) and Poland ($X), together comprising 75% of total exports. These countries were followed by the Czech Republic, Estonia, Russia and Belarus, which together accounted for a further 22%.

In terms of the main exporting countries, Belarus, with a CAGR of +37.7%, saw the highest rates of growth with regard to the value of exports, 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 2021, rising by 9.5% against the previous year. Over the last nine years, it increased at an average annual rate of +3.6%. The growth pace was the most rapid in 2017 an increase of 23%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Estonia ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+6.7%), while the other leaders experienced more modest paces of growth.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports in Eastern Europe

Imports of in-hand motor grinders, sanders and planers soared to X units in 2021, surging by 51% on 2020. Overall, imports showed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of in-hand motor grinders, sanders and planers soared to $X in 2021. In general, imports continue to indicate a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia was the largest importing country with an import of around X units, which recorded 39% of total imports. Poland (X units) took the second position in the ranking, distantly followed by the Czech Republic (X units), Hungary (X units), Ukraine (X units) and Romania (X units). All these countries together took approx. 49% share of total imports. Belarus (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Hungary (with a CAGR of +18.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electromechanical tools for working in the hand, with self-contained electric motor importing markets in Eastern Europe were Russia ($X), Poland ($X) and the Czech Republic ($X), with a combined 69% share of total imports. These countries were followed by Hungary, Romania, Ukraine and Belarus, which together accounted for a further 17%.

In terms of the main importing countries, Hungary, with a CAGR of +21.0%, recorded the highest growth rate of 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 unit in 2021, growing by 5.4% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the import price increased by 5.4%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Czech Republic ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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