Eastern Europe: Market for Wood Boxes, Crates and Cable Drums 2024

Market Size for Wood Boxes, Crates and Cable Drums in Eastern Europe

The East European market for wood boxes, crates and cable drums was finally on the rise to reach $X in 2022, after three years of decline. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; afterwards, it flattened through to 2022.

Production of Wood Boxes, Crates and Cable Drums in Eastern Europe

In value terms, wood box and cable drum production expanded significantly to $X in 2022 estimated in export price. The total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +8.1% 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 +9.2% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 40% against the previous year. The level of production peaked in 2022 and is expected to retain growth in the near future.

Exports of Wood Boxes, Crates and Cable Drums

Exports in Eastern Europe

For the seventh year in a row, Eastern Europe recorded growth in shipments abroad of wood boxes, crates and cable drums, which increased by 20% to X units in 2022. Overall, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 76%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, wood box and cable drum exports amounted to $X in 2022. Over the period under review, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 40% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

In 2022, Poland (X units) was the key exporter of wood boxes, crates and cable drums, generating 40% of total exports. The Czech Republic (X units) held the second position in the ranking, distantly followed by Estonia (X units), Slovakia (X units), Romania (X units) and Hungary (X units). All these countries together took approx. 51% share of total exports. The following exporters - Lithuania (X units) and Latvia (X units) - each amounted to a 4.4% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Poland (with a CAGR of +23.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest wood box and cable drum supplying countries in Eastern Europe were Poland ($X), the Czech Republic ($X) and Estonia ($X), with a combined 70% share of total exports.

Among the main exporting countries, Poland, with a CAGR of +14.1%, saw the highest rates of growth with regard to the value of exports, 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, waning by -6.8% against the previous year. Over the period under review, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 an increase of 18%. As a result, the export price attained the peak level of $X per unit. From 2019 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 Estonia ($X per unit), while Latvia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (-2.2%), while the other leaders experienced a decline in the export price figures.

Imports of Wood Boxes, Crates and Cable Drums

Imports in Eastern Europe

In 2022, overseas purchases of wood boxes, crates and cable drums were finally on the rise to reach X units after two years of decline. Over the period under review, imports posted a perceptible increase. The pace of growth appeared the most rapid in 2018 when imports increased by 58% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, wood box and cable drum imports skyrocketed to $X in 2022. In general, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 29%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

The Czech Republic represented the major importing country with an import of around X units, which finished at 41% of total imports. It was distantly followed by Romania (X units), Belarus (X units), Bulgaria (X units) and Moldova (X units), together comprising a 53% share of total imports. The following importers - Ukraine (X units) and Russia (X units) - each resulted at a 5.9% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of +28.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Romania ($X) and Bulgaria ($X) were the countries with the highest levels of imports in 2022, with a combined 35% share of total imports. Moldova, Belarus, Ukraine and Russia lagged somewhat behind, together comprising a further 6.9%.

In terms of the main importing countries, Belarus, with a CAGR of +23.4%, recorded the highest rates of growth with regard to 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, with a decrease of -3.2% against the previous year. Import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood box and cable drum import price increased by +122.1% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 58%. Over the period under review, import prices reached the peak figure at $X per unit in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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