Eastern Europe: Ride-On Compaction Equipment Market 2024

Ride-On Compaction Equipment Market Size in Eastern Europe

For the third year in a row, the East European ride-on compaction equipment market recorded growth in sales value, which increased by less than X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Ride-On Compaction Equipment Production in Eastern Europe

In value terms, ride-on compaction equipment production rose remarkably to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Ride-On Compaction Equipment Exports

Exports in Eastern Europe

In 2022, ride-on compaction equipment exports in Eastern Europe shrank to X units, declining by X% on the year before. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, ride-on compaction equipment exports declined to $X in 2022. Over the period under review, exports continue to indicate a mild shrinkage. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Czech Republic dominates exports structure, finishing at X units, which was near X% of total exports in 2022. It was distantly followed by Poland (X units), achieving a X% share of total exports. Lithuania (X units) followed a long way behind the leaders.

The Czech Republic was also the fastest-growing in terms of the ride-on compaction equipment exports, with a CAGR of X% from 2012 to 2022. Poland experienced a relatively flat trend pattern. Lithuania (X%) illustrated a downward trend over the same period. The Czech Republic (X p.p.) significantly strengthened its position in terms of the total exports, while Lithuania saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X) remains the largest ride-on compaction equipment supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with an X% share of total exports.

In the Czech Republic, ride-on compaction equipment exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Poland (X% per year) and Lithuania (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per unit, increasing by X% against the previous year. Overall, the export price, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per unit), while Lithuania ($X per unit) was amongst the lowest.

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

Ride-On Compaction Equipment Imports

Imports in Eastern Europe

In 2022, purchases abroad of ride-on compaction equipment increased by X% to X units, rising for the seventh year in a row after three years of decline. In general, imports enjoyed perceptible growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, ride-on compaction equipment imports contracted to $X in 2022. Over the period under review, imports enjoyed a slight expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The level of import peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, the Czech Republic (X units), distantly followed by Russia (X units), Slovakia (X units) and Poland (X units) represented the major importers of ride-on compaction equipment, together achieving X% of total imports. Romania (X units), Hungary (X units) and Bulgaria (X units) followed a long way behind the leaders.

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, Russia ($X) constitutes the largest market for imported ride-on compaction equipment in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports. It was followed by Romania, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Russia amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Poland (X% per year) and Romania (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the import price recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform