Eastern Europe: Market for Machines For Balancing Mechanical Parts 2024

Market Size for Machines For Balancing Mechanical Parts in Eastern Europe

The East European balancing mechanical parts machine market fell slightly to $X.3B in 2022, which is down by X% against the previous year. The total consumption indicated a resilient 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, consumption increased by X% against 2020 indices. The level of consumption peaked at $X.2B in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Machines For Balancing Mechanical Parts in Eastern Europe

In value terms, balancing mechanical parts machine production reduced slightly to $X.2B in 2022 estimated in export price. The total production indicated a strong 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, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. The level of production peaked at $X.3B in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Machines For Balancing Mechanical Parts

Exports in Eastern Europe

In 2022, overseas shipments of machines for balancing mechanical parts decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2021, and then declined notably in the following year.

In value terms, balancing mechanical parts machine exports reduced remarkably to $X in 2022. Over the period under review, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Poland was the major exporter of machines for balancing mechanical parts in Eastern Europe, with the volume of exports reaching X units, which was near X% of total exports in 2022. It was distantly followed by Russia (X units), Lithuania (X units) and Hungary (X units), together committing a X% share of total exports. The Czech Republic (X units) and Ukraine (X units) held a minor share of total exports.

Poland was also the fastest-growing in terms of the machines for balancing mechanical parts exports, with a CAGR of X% from 2012 to 2022. At the same time, the Czech Republic (X%), Russia (X%), Ukraine (X%) and Lithuania (X%) displayed positive paces of growth. By contrast, Hungary (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Poland, balancing mechanical parts machine exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Russia (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, declining by X% against the previous year. In general, the export price saw a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 the Czech Republic ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the other leaders experienced a decline in the export price figures.

Imports of Machines For Balancing Mechanical Parts

Imports in Eastern Europe

After five years of growth, purchases abroad of machines for balancing mechanical parts decreased by X% to X units in 2022. Over the period under review, imports, however, posted a perceptible expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X units, and then declined markedly in the following year.

In value terms, balancing mechanical parts machine imports reduced dramatically to $X in 2022. Overall, imports saw a noticeable downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia (X units) and Poland (X units) represented roughly X% of total imports in 2022. The Czech Republic (X units) held the next position in the ranking, followed by Romania (X units), Slovakia (X units) and Ukraine (X units). All these countries together held approx. X% share of total imports. Hungary (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Poland ($X) and Russia ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

The Czech Republic, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 unit, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a abrupt downturn. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :