Eastern Europe: Metal Self-Locking Nut Market 2024

Metal Self-Locking Nut Market Size in Eastern Europe

In 2022, after two years of growth, there was decline in the East European metal self-locking nut market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then fell slightly in the following year.

Metal Self-Locking Nut Production in Eastern Europe

In value terms, metal self-locking nut production reduced slightly to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Metal Self-Locking Nut Exports

Exports in Eastern Europe

In 2022, the amount of iron or steel nuts (including self-locking nuts) exported in Eastern Europe contracted to X tons, approximately equating the previous year's figure. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, metal self-locking nut exports stood at $X in 2022. Total exports indicated a perceptible expansion 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, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, the Czech Republic (X tons), Poland (X tons) and Slovakia (X tons) represented the major exporter of iron or steel nuts (including self-locking nuts) in Eastern Europe, generating X% of total export. It was distantly followed by Russia (X tons), Romania (X tons) and Hungary (X tons), together mixing up a X% share of total exports. Estonia (X tons) followed a long way behind the leaders.

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

In value terms, the largest metal self-locking nut supplying countries in Eastern Europe were the Czech Republic ($X), Poland ($X) and Slovakia ($X), together comprising X% of total exports.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2022, the export price in Eastern Europe amounted to $X per ton, picking up by X% against the previous year. Export price indicated a pronounced 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, metal self-locking nut export price increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

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 Hungary ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Metal Self-Locking Nut Imports

Imports in Eastern Europe

In 2022, overseas purchases of iron or steel nuts (including self-locking nuts) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Total imports indicated a pronounced 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 decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then contracted in the following year.

In value terms, metal self-locking nut imports dropped slightly to $X in 2022. Total imports indicated a buoyant expansion 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 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then shrank modestly in the following year.

Imports by Country

In 2022, Russia (X tons) and Poland (X tons) were the major importers of iron or steel nuts (including self-locking nuts) in Eastern Europe, together committing X% of total imports. It was distantly followed by Slovakia (X tons), the Czech Republic (X tons), Hungary (X tons) and Romania (X tons), together achieving a X% share of total imports. Ukraine (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading 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 metal self-locking nut importing markets in Eastern Europe were Poland ($X), the Czech Republic ($X) and Russia ($X), together comprising X% of total imports.

Poland, 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, shrinking by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped 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 the Czech Republic ($X per ton), while Russia ($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 more modest paces of growth.

Source: IndexBox Platform

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