Eastern Europe: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Eastern Europe

The East European market for pneumatic or hydraulic hand tools totaled $X in 2023, remaining stable against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Production of Pneumatic Or Hydraulic Hand Tools in Eastern Europe

In value terms, pneumatic or hydraulic hand tool production contracted to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2023, production failed to regain momentum.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports in Eastern Europe

In 2023, approx. X units of pneumatic or hydraulic hand tools were exported in Eastern Europe; approximately mirroring 2022. Total exports indicated tangible growth from 2012 to 2023: its volume 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, exports decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of X units. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, pneumatic or hydraulic hand tool exports shrank to $X in 2023. Total exports indicated a tangible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2022, and then shrank slightly in the following year.

Exports by Country

Poland was the key exporter of pneumatic or hydraulic hand tools in Eastern Europe, with the volume of exports resulting at X units, which was near X% of total exports in 2023. The Czech Republic (X units) ranks second in terms of the total exports with an X% share, followed by Romania (X%), Belarus (X%), Russia (X%), Bulgaria (X%) and Hungary (X%).

Poland was also the fastest-growing in terms of the pneumatic or hydraulic hand tools exports, with a CAGR of X% from 2012 to 2023. At the same time, Belarus (X%), Romania (X%) and Bulgaria (X%) displayed positive paces of growth. By contrast, the Czech Republic (X%), Hungary (X%) and Russia (X%) illustrated a downward trend over the same period. While the share of Poland (X p.p.), Belarus (X p.p.), Romania (X p.p.) and Bulgaria (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the Czech Republic (X p.p.), Hungary (X p.p.) and Russia (X p.p.) displayed negative dynamics.

In value terms, the largest pneumatic or hydraulic hand tool supplying countries in Eastern Europe were Poland ($X), the Czech Republic ($X) and Hungary ($X), together comprising X% of total exports. Bulgaria, Romania, Russia and Belarus lagged somewhat behind, together accounting for a further X%.

Bulgaria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2023, the export price in Eastern Europe amounted to $X per unit, approximately reflecting the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2022, and then reduced modestly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hungary ($X per unit), while Belarus ($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 more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports in Eastern Europe

Pneumatic or hydraulic hand tool imports expanded remarkably to X units in 2023, picking up by X% compared with 2022 figures. Overall, imports recorded a moderate increase. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, pneumatic or hydraulic hand tool imports reduced to $X in 2023. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Russia represented the main importing country with an import of around X units, which finished at X% of total imports. Poland (X units) held the second position in the ranking, followed by Romania (X units) and Ukraine (X units). All these countries together took near X% share of total imports. The Czech Republic (X units), Belarus (X units) and Bulgaria (X units) held a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to pneumatic or hydraulic hand tool imports into Russia stood at X%. At the same time, Bulgaria (X%), Belarus (X%), Romania (X%) and Poland (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. The Czech Republic experienced a relatively flat trend pattern. By contrast, Ukraine (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Russia, Romania, Poland, Bulgaria and Belarus increased by X, X, X, X and X percentage points, respectively.

In value terms, the largest pneumatic or hydraulic hand tool importing markets in Eastern Europe were Russia ($X), Poland ($X) and the Czech Republic ($X), together accounting for X% of total imports. Romania, Ukraine, Bulgaria and Belarus lagged somewhat behind, together accounting for a further X%.

Bulgaria, 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

The import price in Eastern Europe stood at $X per unit in 2023, reducing by X% against the previous year. In general, the import price recorded a perceptible contraction. The pace of growth was the most pronounced in 2016 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2023, the import prices failed to regain momentum.

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 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 Ukraine (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform