Eastern Europe: Brakes And Servo-Brakes Market 2024

Brakes And Servo-Brakes Market Size in Eastern Europe

The East European brakes and servo-brakes market rose notably to $X in 2022, surging by 6.5% against the previous year. The total consumption indicated a perceptible 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, consumption increased by +105.3% against 2016 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Brakes And Servo-Brakes Production in Eastern Europe

In value terms, brakes and servo-brakes production amounted to $X in 2022 estimated in export price. The total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +32.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 41% against the previous year. Over the period under review, production attained the maximum level in 2022 and is likely to see steady growth in years to come.

Brakes And Servo-Brakes Exports

Exports in Eastern Europe

Brakes and servo-brakes exports expanded sharply to X tons in 2022, growing by 6.9% on 2021 figures. Total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +6.0% 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 +16.2% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 20% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, brakes and servo-brakes exports reduced to $X in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by 20%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Poland (X tons) was the major exporter of brakes and servo-brakes, generating 52% of total exports. It was distantly followed by the Czech Republic (X tons), Slovakia (X tons) and Hungary (X tons), together making up a 40% share of total exports. The following exporters - Romania (X tons), Russia (X tons) and Lithuania (X tons) - together made up 7.3% of total exports.

Exports from Poland increased at an average annual rate of +9.2% from 2012 to 2022. At the same time, Russia (+9.9%), Lithuania (+9.5%), Slovakia (+6.0%) and the Czech Republic (+3.3%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +9.9% from 2012-2022. Romania and Hungary experienced a relatively flat trend pattern. From 2012 to 2022, the share of Poland increased by +13 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest brakes and servo-brakes supplying countries in Eastern Europe were Poland ($X), the Czech Republic ($X) and Slovakia ($X), with a combined 84% share of total exports.

Poland, with a CAGR of +7.5%, 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

The export price in Eastern Europe stood at $X per ton in 2022, with a decrease of -7.2% against the previous year. Over the period under review, the export price saw a perceptible descent. The most prominent rate of growth was recorded in 2017 when the export price increased by 4.2% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 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 ($X per ton), while Russia ($X per ton) 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 mixed trends in the export price figures.

Brakes And Servo-Brakes Imports

Imports in Eastern Europe

In 2022, overseas purchases of brakes and servo-brakes increased by 5.8% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +5.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 18% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, brakes and servo-brakes imports reached $X in 2022. The total import value increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Poland (X tons), the Czech Republic (X tons) and Russia (X tons) was the main importer of brakes and servo-brakes in Eastern Europe, creating 66% of total import. Slovakia (X tons) took the next position in the ranking, followed by Romania (X tons) and Hungary (X tons). All these countries together took approx. 25% share of total imports. Belarus (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Belarus (with a CAGR of +8.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Russia ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 61% share of total imports. Slovakia, Hungary, Romania and Belarus lagged somewhat behind, together comprising a further 32%.

Belarus, with a CAGR of +11.8%, recorded 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

In 2022, the import price in Eastern Europe amounted to $X per ton, waning by -4.1% against the previous year. Overall, the import price showed a mild shrinkage. The pace of growth was the most pronounced in 2021 an increase of 5.5% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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