Eastern Europe: Market for Instrument Panel And Wall Clocks 2022

Market Size for Instrument Panel And Wall Clocks in Eastern Europe

After four years of growth, the East European market for instrument panel and wall clocks decreased by -X% to $X in 2020. Over the period under review, consumption recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. from 2009 to 2020, the growth of the market remained at a lower figure.

Production of Instrument Panel And Wall Clocks in Eastern Europe

In value terms, instrument panel and wall clock production surged to $X in 2020 estimated in export prices. The total production indicated a buoyant increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2019 with an increase of X% year-to-year. Over the period under review, production reached the peak level in 2020 and is likely to continue growth in the near future.

Production By Country in Eastern Europe

Romania (X tons) constituted the country with the largest volume of instrument panel and wall clock production, accounting for X% of total volume. Moreover, instrument panel and wall clock production in Romania exceeded the figures recorded by the second-largest producer, Russia (X tons), twofold. Poland (X tons) ranked third in terms of total production with a X% share.

In Romania, instrument panel and wall clock production increased at an average annual rate of +X% over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: Russia (-X% per year) and Poland (-X% per year).

Exports of Instrument Panel And Wall Clocks

Exports in Eastern Europe

In 2020, the amount of instrument panel and wall clocks exported in Eastern Europe reached X tons, approximately equating the year before. Over the period under review, exports enjoyed a prominent expansion. The growth pace was the most rapid in 2010 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at X tons in 2018; afterwards, it flattened through to 2020.

In value terms, instrument panel and wall clock exports soared to $X in 2020. In general, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in years to come.

Exports by Country

Poland represented the main exporting country with an export of about X tons, which accounted for X% of total exports. Romania (X tons) took an X% share (based on tons) of total exports, which put it in second place, followed by the Czech Republic (X%) and Russia (X%). The following exporters - Hungary (X tons), Estonia (X tons) and Slovakia (X tons) - each finished at a X% share of total exports.

Exports from Poland increased at an average annual rate of +X% from 2007 to 2020. At the same time, Romania (+X%), Russia (+X%), Slovakia (+X%), Estonia (+X%), Hungary (+X%) and the Czech Republic (+X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +X% from 2007-2020. Romania (+X p.p.) and Russia (+X p.p.) significantly strengthened its position in terms of the total exports, while Hungary, Poland and the Czech Republic saw its share reduced by -X%, -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest instrument panel and wall clock supplying countries in Eastern Europe were Romania ($X), Poland ($X) and the Czech Republic ($X), together accounting for X% of total exports.

Romania (+X% per year) 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

In 2020, the export price for instrument panel and wall clocks in Eastern Europe amounted to $X per ton, picking up by X% against the previous year. Export price indicated a measured increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, instrument panel and wall clock export price increased by +X% against 2015 indices. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Romania ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Estonia, while the other leaders experienced more modest paces of growth.

Imports of Instrument Panel And Wall Clocks

Imports in Eastern Europe

In 2020, after four years of growth, there was significant decline in supplies from abroad of instrument panel and wall clocks, when their volume decreased by -X% to X tons. In general, imports continue to indicate a mild shrinkage. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

In value terms, instrument panel and wall clock imports contracted to $X in 2020. The total import value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. The level of import peaked at $X in 2019, and then fell in the following year.

Imports by Country

Russia (X tons) and Poland (X tons) were the major importers of instrument panel and wall clocks in 2020, finishing at near X% and X% of total imports, respectively. Hungary (X tons) ranks next in terms of the total imports with a X% share, followed by the Czech Republic (X%), Ukraine (X%) and Romania (X%). Slovakia (X tons) took a little share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Slovakia, while imports 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 2020, together accounting for X% of total imports. These countries were followed by Hungary, Slovakia, Romania and Ukraine, which together accounted for a further X saw 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 2020, the import price for instrument panel and wall clocks in Eastern Europe amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2010 when the import price increased by X% y-o-y. The level of import peaked in 2020 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Slovakia ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Slovakia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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