Eastern Europe: Milling Industry Machinery Market 2024

Milling Industry Machinery Market Size in Eastern Europe

The East European milling industry machinery market amounted to $X in 2023, surging by X% against the previous year. Over the period under review, consumption saw prominent growth. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Milling Industry Machinery Production in Eastern Europe

In value terms, milling industry machinery production declined to $X in 2023 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the production volume increased by X%. As a result, production reached the peak level of $X, and then dropped in the following year.

Milling Industry Machinery Exports

Exports in Eastern Europe

In 2023, the amount of milling industry machinery exported in Eastern Europe skyrocketed to X units, jumping by X% against 2022 figures. Overall, exports, however, continue to indicate a noticeable descent. The pace of growth appeared the most rapid in 2017 with an increase of X%. The volume of export peaked at X units in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, milling industry machinery exports surged to $X in 2023. In general, exports continue to indicate a modest increase. The pace of growth was the most pronounced in 2017 when exports increased by X%. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Russia was the main exporter of milling industry machinery in Eastern Europe, with the volume of exports recording X units, which was near X% of total exports in 2023. Slovakia (X units) ranks second in terms of the total exports with a X% share, followed by Poland (X%), Hungary (X%), Lithuania (X%) and the Czech Republic (X%). Ukraine (X units) held a little share of total exports.

From 2012 to 2023, average annual rates of growth with regard to milling industry machinery exports from Russia stood at X%. At the same time, Slovakia (X%), Hungary (X%), the Czech Republic (X%), Lithuania (X%) and Poland (X%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Ukraine (X%) illustrated a downward trend over the same period. Slovakia (X p.p.), Hungary (X p.p.), Poland (X p.p.), the Czech Republic (X p.p.) and Lithuania (X p.p.) significantly strengthened its position in terms of the total exports, while Ukraine and Russia saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Poland ($X), the Czech Republic ($X) and Slovakia ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports. Russia, Hungary, Lithuania and Ukraine lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Hungary, with a CAGR of X%, 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

In 2023, the export price in Eastern Europe amounted to $X per unit, shrinking by X% against the previous year. Export price indicated a perceptible increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, milling industry machinery export price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2022 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced mixed trends in the export price figures.

Milling Industry Machinery Imports

Imports in Eastern Europe

Milling industry machinery imports skyrocketed to X units in 2023, growing by X% on the previous year's figure. In general, imports enjoyed a modest expansion. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, milling industry machinery imports surged to $X in 2023. Over the period under review, imports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Russia (X units) was the largest importer of milling industry machinery, constituting X% of total imports. It was distantly followed by Moldova (X units) and Romania (X units), together constituting a X% share of total imports. The following importers - Poland (X units), Latvia (X units) and the Czech Republic (X units) - together made up X% of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of milling industry machinery. At the same time, Romania (X%), the Czech Republic (X%), Moldova (X%) and Poland (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Latvia (X%) illustrated a downward trend over the same period. Romania (X p.p.) and Moldova (X p.p.) significantly strengthened its position in terms of the total imports, while Latvia and Russia saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported milling industry machinery in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Romania ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

In Russia, milling industry machinery imports decreased by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Romania (X% per year) and Poland (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per unit, declining by X% against the previous year. Overall, the import price saw a deep slump. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Poland ($X per unit), while Moldova ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform