Eastern Europe: Seat Market 2024

Seat Market Size in Eastern Europe

In 2022, after three years of growth, there was significant decline in the East European seat market, when its value decreased by X% to $X. Over the period under review, consumption, however, showed a strong increase. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Seat Production in Eastern Europe

In value terms, seat production contracted markedly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a mild reduction. The growth pace was the most rapid in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Seat Exports

Exports in Eastern Europe

In 2022, overseas shipments of seats decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Total exports indicated a moderate expansion 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. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2021, and then fell in the following year.

In value terms, seat exports declined rapidly to $X in 2022. Total exports indicated a noticeable 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. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then declined markedly in the following year.

Exports by Country

In 2022, Poland (X units) was the largest exporter of seats, constituting X% of total exports. Romania (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (X%), Lithuania (X%) and Bulgaria (X%). Hungary (X units) and Slovakia (X units) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to seat exports from Poland stood at X%. At the same time, Hungary (X%), the Czech Republic (X%), Lithuania (X%), Bulgaria (X%) and Romania (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Slovakia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland and Hungary increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per unit, falling by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 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 Lithuania ($X per unit), while Bulgaria ($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.

Seat Imports

Imports in Eastern Europe

In 2022, purchases abroad of seats decreased by X% to X units for the first time since 2015, thus ending a six-year rising trend. In general, imports, however, posted strong growth. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of X units, and then contracted rapidly in the following year.

In value terms, seat imports reduced remarkably to $X in 2022. Overall, imports, however, posted a tangible expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2021, and then fell markedly in the following year.

Imports by Country

In 2022, Poland (X units) and Russia (X units) were the major importers of seats in Eastern Europe, together constituting X% of total imports. The Czech Republic (X units) ranks next in terms of the total imports with a X% share, followed by Romania (X%), Hungary (X%) and Bulgaria (X%). Slovakia (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 key importing countries, was attained by Bulgaria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Russia ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Romania, Hungary, Slovakia and Bulgaria lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Bulgaria, with a CAGR of X%, saw the highest growth rate of the value of imports, 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, dropping by X% against the previous year. In general, the import price showed a perceptible slump. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2013; however, from 2014 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 the Czech Republic ($X per unit), while Russia ($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) :