Eastern Europe: Machinery For Packing Market 2024

Machinery For Packing Market Size in Eastern Europe

The East European machinery for packing market skyrocketed to $X in 2023, with an increase of X% against the previous year. In general, consumption, however, saw a slight contraction. The level of consumption peaked at $X in 2015; however, from 2016 to 2023, consumption failed to regain momentum.

Machinery For Packing Production in Eastern Europe

In value terms, machinery for packing production surged to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Machinery For Packing Exports

Exports in Eastern Europe

Machinery for packing exports expanded slightly to X units in 2023, surging by X% compared with the previous year. Over the period under review, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2023 and are likely to continue growth in the immediate term.

In value terms, machinery for packing exports soared to $X in 2023. Total exports indicated a buoyant 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. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X units), Hungary (X units), the Czech Republic (X units) and Poland (X units) represented roughly X% of total exports in 2023. Romania (X units) ranks next in terms of the total exports with an X% share, followed by Slovakia (X%). The following exporters - Bulgaria (X units) and Latvia (X units) - together made up X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Latvia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest machinery for packing supplying countries in Eastern Europe were the Czech Republic ($X), Hungary ($X) and Poland ($X), together accounting for X% of total exports. Slovakia, Romania, Russia, Bulgaria and Latvia lagged somewhat behind, together comprising a further X%.

Latvia, with a CAGR of X%, recorded the highest growth rate of 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

In 2023, the export price in Eastern Europe amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

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

Machinery For Packing Imports

Imports in Eastern Europe

In 2023, approx. X units of machinery for packing or wrapping were imported in Eastern Europe; jumping by X% compared with 2022. Overall, imports saw a temperate increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The volume of import peaked at X units in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, machinery for packing imports skyrocketed to $X in 2023. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Russia represented the largest importer of machinery for packing or wrapping in Eastern Europe, with the volume of imports recording X units, which was approx. X% of total imports in 2023. Belarus (X units) held the second position in the ranking, followed by the Czech Republic (X units), Poland (X units) and Romania (X units). All these countries together took near X% share of total imports. Hungary (X units) and Bulgaria (X units) followed a long way behind the leaders.

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

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

The Czech Republic, 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

In 2023, the import price in Eastern Europe amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the import price recorded a noticeable downturn. The growth pace was the most rapid in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2023, 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 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 Hungary (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform