Eastern Europe: Tamping Machinery Market 2024

Tamping Machinery Market Size in Eastern Europe

After seven years of growth, the East European tamping machinery market decreased by X% to $X in 2023. Overall, consumption enjoyed a buoyant increase. The level of consumption peaked at $X in 2022, and then dropped slightly in the following year.

Tamping Machinery Production in Eastern Europe

In value terms, tamping machinery production declined slightly to $X in 2023 estimated in export price. In general, production continues to indicate a noticeable expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Tamping Machinery Exports

Exports in Eastern Europe

In 2023, approx. X units of tamping or compacting machinery were exported in Eastern Europe; increasing by X% against the previous year. Overall, exports, however, continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, tamping machinery exports dropped to $X in 2023. In general, exports, however, recorded a noticeable slump. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic was the main exporting country with an export of around X units, which resulted at X% of total exports. Poland (X units) took the second position in the ranking, followed by Russia (X units). All these countries together held approx. X% share of total exports. Estonia (X units), Lithuania (X units) and Romania (X units) followed a long way behind the leaders.

Exports from the Czech Republic decreased at an average annual rate of X% from 2012 to 2023. At the same time, Russia (X%), Lithuania (X%), Poland (X%) and Estonia (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Romania (X%) illustrated a downward trend over the same period. Poland (X p.p.), Russia (X p.p.), Estonia (X p.p.) and Lithuania (X p.p.) significantly strengthened its position in terms of the total exports, while the Czech Republic saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X), Romania ($X) and Poland ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Romania, with a CAGR of X%, saw 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

The export price in Eastern Europe stood at $X per unit in 2023, which is down by X% against the previous year. In general, the export price continues to indicate a mild downturn. The pace of growth appeared the most rapid in 2013 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2014 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 Romania ($X per unit), while Russia ($X per unit) was amongst the lowest.

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

Tamping Machinery Imports

Imports in Eastern Europe

For the eighth consecutive year, Eastern Europe recorded growth in overseas purchases of tamping or compacting machinery, which increased by X% to X units in 2023. In general, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The volume of import peaked in 2023 and is expected to retain growth in the near future.

In value terms, tamping machinery imports stood at $X in 2023. Over the period under review, imports enjoyed a buoyant 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 in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Russia (X units) represented the major importer of tamping or compacting machinery, creating X% of total imports. Poland (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the Czech Republic (X%). The following importers - Romania (X units), Hungary (X units) and Slovakia (X units) - together made up X% of total imports.

Imports into Russia increased at an average annual rate of X% from 2012 to 2023. At the same time, Slovakia (X%), the Czech Republic (X%), Hungary (X%), Poland (X%) and Romania (X%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. While the share of the Czech Republic (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Poland (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X), Russia ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

The Czech Republic, with a CAGR of X%, saw the highest rates of growth with regard to 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

The import price in Eastern Europe stood at $X per unit in 2023, declining by X% against the previous year. Overall, the import price showed a pronounced decline. The pace of growth appeared the most rapid in 2015 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2016 to 2023, the import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform