Eastern Europe: Interchangeable Spanner Socket Market 2024

Interchangeable Spanner Socket Market Size in Eastern Europe

The East European interchangeable spanner socket market totaled $X in 2022, with an increase of X% against the previous year. The total consumption 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, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Interchangeable Spanner Socket Production in Eastern Europe

In value terms, interchangeable spanner socket production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production showed a slight reduction. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Interchangeable Spanner Socket Exports

Exports in Eastern Europe

Interchangeable spanner socket exports declined to X tons in 2022, with a decrease of X% against 2021. Overall, exports, however, showed a resilient expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, interchangeable spanner socket exports shrank to $X in 2022. Over the period under review, exports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then declined in the following year.

Exports by Country

In 2022, Poland (X tons) was the largest exporter of interchangeable spanner sockets, creating X% of total exports. It was distantly followed by the Czech Republic (X tons), Romania (X tons), Slovakia (X tons) and Belarus (X tons), together comprising a X% share of total exports. Estonia (X tons) and Russia (X tons) took a relatively small share of total exports.

Exports from Poland increased at an average annual rate of X% from 2012 to 2022. At the same time, Belarus (X%), Estonia (X%), Romania (X%), the Czech Republic (X%), Slovakia (X%) and Russia (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Belarus, the Czech Republic and Estonia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, falling by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

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

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

Interchangeable Spanner Socket Imports

Imports in Eastern Europe

Interchangeable spanner socket imports rose rapidly to X tons in 2022, picking up by X% compared with the year before. Total imports indicated a strong increase 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 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, interchangeable spanner socket imports rose significantly to $X in 2022. Overall, imports recorded a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Poland (X tons) and Russia (X tons) represented roughly X% of total imports in 2022. The Czech Republic (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Romania (X%) and Hungary (X%). The following importers - Slovakia (X tons) and Bulgaria (X tons) - 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 interchangeable spanner socket importing markets in Eastern Europe were Poland ($X), Russia ($X) and the Czech Republic ($X), together comprising X% of total imports. Slovakia, Romania, Hungary and Bulgaria lagged somewhat behind, together comprising a further X%.

Hungary, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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

In 2022, the import price in Eastern Europe amounted to $X per ton, reducing by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by X%. As a result, import price attained the peak level of $X per ton, and then fell modestly in the following year.

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 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 Slovakia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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