Eastern Europe: Non-Propelled Vehicle Market 2024

Non-Propelled Vehicle Market Size in Eastern Europe

In 2022, the East European non-propelled vehicle market decreased by X% to $X, falling for the eighth consecutive year after three years of growth. In general, consumption continues to indicate a noticeable reduction. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Non-Propelled Vehicle Production in Eastern Europe

In value terms, non-propelled vehicle production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

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Non-Propelled Vehicle Exports

Exports in Eastern Europe

In 2022, the amount of vehicles not mechanically propelled exported in Eastern Europe contracted slightly to X units, falling by X% compared with the previous year's figure. 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 pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-propelled vehicle exports shrank slightly to $X in 2022. Total exports indicated a strong 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. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

In 2022, Poland (X units) was the key exporter of vehicles not mechanically propelled, making up X% of total exports. The Czech Republic (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Romania (X%). Lithuania (X units), Bulgaria (X units), Slovakia (X units) and Russia (X units) held a little share of total exports.

Exports from Poland increased at an average annual rate of X% from 2012 to 2022. At the same time, Bulgaria (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. Slovakia and Lithuania experienced a relatively flat trend pattern. By contrast, Romania (X%) and Russia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland and Bulgaria 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 ($X) remains the largest non-propelled vehicle supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

In Poland, non-propelled vehicle exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Russia (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, 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.

Non-Propelled Vehicle Imports

Imports in Eastern Europe

In 2022, supplies from abroad of vehicles not mechanically propelled decreased by X% to X units, falling for the fourth year in a row after three years of growth. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, non-propelled vehicle imports reduced to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2022, Russia (X units) represented the largest importer of vehicles not mechanically propelled, constituting X% of total imports. Poland (X units) ranks second in terms of the total imports with a X% share, followed by Romania (X%) and the Czech Republic (X%). Ukraine (X units), Hungary (X units), Bulgaria (X units), Belarus (X units), Lithuania (X units), Slovakia (X units), Moldova (X units), Estonia (X units) and Latvia (X units) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to non-propelled vehicle imports into Russia stood at X%. At the same time, Lithuania (X%), Bulgaria (X%), Latvia (X%), Slovakia (X%), Hungary (X%), Romania (X%), Moldova (X%), Poland (X%), Estonia (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. Belarus experienced a relatively flat trend pattern. By contrast, Ukraine (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Romania, Poland, Lithuania, Bulgaria, Hungary and the Czech Republic increased by X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

Hungary, with a CAGR of X%, saw the highest growth rate of 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 2022, approximately equating the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit, and then dropped modestly in the following year.

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 Hungary (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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