Eastern Europe: Dry-Cleaning Machine Market 2024

Dry-Cleaning Machine Market Size in Eastern Europe

The East European dry-cleaning machine market contracted dramatically to $X in 2021, falling by -30.6% against the previous year. In general, consumption recorded a abrupt curtailment. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Dry-Cleaning Machine Production in Eastern Europe

In value terms, dry-cleaning machine production contracted to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 60%. The level of production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Dry-Cleaning Machine Exports

Exports in Eastern Europe

Dry-cleaning machine exports contracted sharply to X units in 2021, waning by -20.9% on the year before. Overall, exports, however, continue to indicate modest growth. The pace of growth appeared the most rapid in 2013 with an increase of 160%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, dry-cleaning machine exports surged to $X in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +41.3% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 143% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Lithuania represented the key exporting country with an export of around X units, which accounted for 42% of total exports. It was distantly followed by the Czech Republic (X units) and Poland (X units), together mixing up a 38% share of total exports. The following exporters - Belarus (X units), Hungary (X units), Russia (X units), Ukraine (X units), Estonia (X units), Moldova (X units) and Slovakia (X units) - together made up 21% of total exports.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +10.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) remains the largest dry-cleaning machine supplier in Eastern Europe, comprising 40% of total exports. The second position in the ranking was held by Lithuania ($X), with a 16% share of total exports. It was followed by the Czech Republic, with a 16% share.

In Poland, dry-cleaning machine exports expanded at an average annual rate of +83.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Lithuania (+3.2% per year) and the Czech Republic (+2.5% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per unit, increasing by 53% against the previous year. Export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dry-cleaning machine export price increased by +89.3% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Poland ($X per unit), while Moldova ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+18.9%), while the other leaders experienced more modest paces of growth.

Dry-Cleaning Machine Imports

Imports in Eastern Europe

In 2021, the amount of dry-cleaning machines imported in Eastern Europe dropped sharply to X units, declining by -37.5% against 2020. Over the period under review, imports saw a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of 108%. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, dry-cleaning machine imports dropped to $X in 2021. Overall, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2017 when imports increased by 127% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Russia was the key importing country with an import of around X units, which accounted for 50% of total imports. Poland (X units) ranks second in terms of the total imports with an 11% share, followed by Romania (10%), Moldova (6.7%) and the Czech Republic (6%). The following importers - Belarus (X units) and Slovakia (X units) - each recorded a 6.7% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to dry-cleaning machine imports into Russia stood at -10.3%. At the same time, Moldova (+19.6%), Romania (+7.2%) and Slovakia (+2.5%) displayed positive paces of growth. Moreover, Moldova emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +19.6% from 2012-2021. By contrast, the Czech Republic (-3.1%), Poland (-5.4%) and Belarus (-7.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Romania, Moldova, Poland, the Czech Republic and Slovakia increased by +7.4, +6, +2.2, +2.1 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Poland ($X) and Romania ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 65% of total imports. These countries were followed by the Czech Republic, Slovakia, Moldova and Belarus, which together accounted for a further 24%.

Moldova, with a CAGR of +16.7%, 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 unit in 2021, jumping by 50% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+10.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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