Eastern Europe: Market for Machines For Balancing Mechanical Parts 2024

Market Size for Machines For Balancing Mechanical Parts in Eastern Europe

In 2023, the East European balancing mechanical parts machine market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2023, the growth of the market remained at a lower figure.

Production of Machines For Balancing Mechanical Parts in Eastern Europe

In value terms, balancing mechanical parts machine production fell modestly to $X in 2023 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2023, production growth remained at a lower figure.

Exports of Machines For Balancing Mechanical Parts

Exports in Eastern Europe

In 2023, approx. X units of machines for balancing mechanical parts were exported in Eastern Europe; picking up by X% on the previous year's figure. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, balancing mechanical parts machine exports skyrocketed to $X in 2023. Over the period under review, exports, however, showed a perceptible shrinkage. The pace of growth was the most pronounced in 2018 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

Poland prevails in exports structure, accounting for X units, which was approx. X% of total exports in 2023. It was distantly followed by Hungary (X units), Russia (X units), Lithuania (X units), Ukraine (X units) and the Czech Republic (X units), together generating a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to balancing mechanical parts machine exports from Poland stood at X%. At the same time, Ukraine (X%), Hungary (X%) and Lithuania (X%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. Russia and the Czech Republic experienced a relatively flat trend pattern. While the share of Poland (X p.p.), Hungary (X p.p.), Lithuania (X p.p.) and the Czech Republic (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Ukraine (X p.p.) and Russia (X p.p.) displayed negative dynamics.

In value terms, Poland ($X) remains the largest balancing mechanical parts machine supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

In Poland, balancing mechanical parts machine exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price, however, saw a dramatic descent. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 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 Russia ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the other leaders experienced more modest paces of growth.

Imports of Machines For Balancing Mechanical Parts

Imports in Eastern Europe

Balancing mechanical parts machine imports soared to X units in 2023, picking up by X% against the previous year's figure. In general, imports saw a prominent expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The volume of import peaked at X units in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, balancing mechanical parts machine imports rose slightly to $X in 2023. Overall, imports, however, showed a pronounced contraction. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Russia (X units) and Poland (X units) were the main importers of machines for balancing mechanical parts in Eastern Europe, together resulting at near X% of total imports. The Czech Republic (X units) held the next position in the ranking, followed by Hungary (X units) and Romania (X units). All these countries together held near X% share of total imports. The following importers - Lithuania (X units) and Bulgaria (X units) - each resulted at a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Hungary (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), the Czech Republic ($X) and Poland ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports. Romania, Hungary, Bulgaria and Lithuania lagged somewhat behind, together comprising a further X%.

Bulgaria, 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, shrinking by X% against the previous year. Overall, the import price recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2015 when the import price increased by X%. The level of import peaked at $X per unit in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.

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 ($X per unit), while Lithuania ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform