Eastern Europe: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Eastern Europe

In 2022, the East European market for turbo, rotary and reciporating displacement compressors increased by 5% to $X, rising for the second year in a row after three years of decline. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Turbo, Rotary and Reciporating Displacement Compressors in Eastern Europe

In value terms, production of turbo, rotary and reciporating displacement compressors surged to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt contraction. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports in Eastern Europe

In 2022, exports of turbo, rotary and reciporating displacement compressors in Eastern Europe was estimated at X units, growing by 5% compared with the previous year's figure. Over the period under review, exports recorded a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of 20% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, exports of turbo, rotary and reciporating displacement compressors dropped to $X in 2022. Total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 +5.9% against 2020 indices. The pace of growth appeared the most rapid in 2018 when exports increased by 18%. Over the period under review, the exports of hit record highs at $X in 2021, and then declined in the following year.

Exports by Country

Poland represented the major exporting country with an export of about X units, which reached 39% of total exports. Romania (X units) ranks second in terms of the total exports with a 19% share, followed by Slovakia (18%), the Czech Republic (12%) and Hungary (8.2%).

Exports from Poland increased at an average annual rate of +17.8% from 2012 to 2022. At the same time, Slovakia (+45.4%), the Czech Republic (+6.6%) and Romania (+1.2%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +45.4% from 2012-2022. Hungary experienced a relatively flat trend pattern. From 2012 to 2022, the share of Poland and Slovakia increased by +22 and +17 percentage points, respectively.

In value terms, Romania ($X), Poland ($X) and Slovakia ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 76% of total exports.

Slovakia, with a CAGR of +37.5%, recorded 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 2022, shrinking by -10.3% against the previous year. In general, the export price saw a noticeable decrease. The most prominent rate of growth was recorded in 2021 an increase of 5.6%. Over the period under review, the export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per unit), while Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+0.3%), while the other leaders experienced a decline in the export price figures.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports in Eastern Europe

In 2022, the amount of turbo, rotary and reciporating displacement compressors imported in Eastern Europe fell modestly to X units, waning by -2.8% on 2021 figures. Total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +27.9% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 39%. The volume of import peaked at X units in 2021, and then contracted in the following year.

In value terms, imports of turbo, rotary and reciporating displacement compressors fell modestly to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 39%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of imports of turbo, rotary and reciporating displacement compressors in 2022 were Poland (X units), the Czech Republic (X units), Russia (X units) and Slovakia (X units), together resulting at 80% of total import. It was distantly followed by Hungary (X units) and Romania (X units), together committing a 14% share of total imports. Ukraine (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Slovakia (with a CAGR of +18.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Poland ($X) and Slovakia ($X) constituted the countries with the highest levels of imports in 2022, with a combined 63% share of total imports.

In terms of the main importing countries, Slovakia, with a CAGR of +12.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per unit, flattening at the previous year. Over the period under review, the import price, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 2.7%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (-2.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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