Eastern Europe: Market for Base Metal Automatic Door Closers 2024

Market Size for Base Metal Automatic Door Closers in Eastern Europe

In 2021, after two years of decline, there was significant growth in the East European metal automatic door closer market, when its value increased by 34% to $X. The total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the immediate term.

Production of Base Metal Automatic Door Closers in Eastern Europe

In value terms, metal automatic door closer production reduced slightly to $X in 2021 estimated in export price. The total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.6% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 49%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Base Metal Automatic Door Closers

Exports in Eastern Europe

In 2021, shipments abroad of base metal automatic door closers decreased by -63.4% to X tons, falling for the second year in a row after eight years of growth. In general, exports, however, showed a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of 89%. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, metal automatic door closer exports fell sharply to $X in 2021. Over the period under review, exports, however, recorded strong growth. The growth pace was the most rapid in 2014 with an increase of 52%. The level of export peaked at $X in 2020, and then declined significantly in the following year.

Exports by Country

Poland was the key exporting country with an export of about X tons, which recorded 38% of total exports. Russia (X tons) took a 19% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (15%), Belarus (7.2%), Latvia (6.2%) and Bulgaria (5.1%). The following exporters - Hungary (X tons) and Estonia (X tons) - each amounted to a 4.2% share of total exports.

Exports from Poland increased at an average annual rate of +20.9% from 2012 to 2021. At the same time, Latvia (+67.5%), Belarus (+31.1%), Russia (+13.6%), Hungary (+9.5%) and Estonia (+6.8%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +67.5% from 2012-2021. Bulgaria experienced a relatively flat trend pattern. By contrast, the Czech Republic (-1.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Poland, Latvia, Belarus and Russia increased by +22, +6.1, +5.7 and +4.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) emerged as the largest metal automatic door closer supplier in Eastern Europe, comprising 42% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 12% share of total exports. It was followed by Russia, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in Poland stood at +19.0%. In the other countries, the average annual rates were as follows: the Czech Republic (-7.6% per year) and Russia (+17.8% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, rising by 8.2% against the previous year. Overall, the export price, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 10%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+3.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Base Metal Automatic Door Closers

Imports in Eastern Europe

In 2021, metal automatic door closer imports in Eastern Europe expanded to X tons, surging by 4% on the year before. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -6.7% against 2019 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 21%. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, metal automatic door closer imports totaled $X in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -3.9% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 18%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Russia (X tons), distantly followed by Poland (X tons) and the Czech Republic (X tons) represented the largest importers of base metal automatic door closers, together achieving 74% of total imports. Romania (X tons), Hungary (X tons), Latvia (X tons), Bulgaria (X tons), Ukraine (X tons), Belarus (X tons) and Slovakia (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Latvia (with a CAGR of +21.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 65% share of total imports. Bulgaria, Hungary, Romania, Latvia, Ukraine, Slovakia and Belarus lagged somewhat behind, together comprising a further 30%.

Latvia, with a CAGR of +26.3%, recorded the highest rates of growth with regard to 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 ton in 2021, approximately mirroring the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by 10%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, 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 Bulgaria ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+11.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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