Eastern Europe: Accumulator Market 2024

Accumulator Market Size in Eastern Europe

The East European accumulator market skyrocketed to $X in 2022, jumping by X% against the previous year. Overall, consumption enjoyed a resilient expansion. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the immediate term.

Accumulator Production in Eastern Europe

In value terms, accumulator production shrank to $X in 2022 estimated in export price. In general, production posted a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. The level of production peaked at $X in 2021, and then fell in the following year.

Accumulator Exports

Exports in Eastern Europe

For the eleventh year in a row, Eastern Europe recorded growth in shipments abroad of electric accumulators, which increased by X% to X units in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, accumulator exports soared to $X in 2022. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Poland (X units) was the largest exporter of electric accumulators, achieving X% of total exports. It was distantly followed by Hungary (X units) and the Czech Republic (X units), together committing a X% share of total exports. Slovakia (X units) held a little share of total exports.

Poland was also the fastest-growing in terms of the electric accumulators exports, with a CAGR of X% from 2012 to 2022. At the same time, Slovakia (X%), Hungary (X%) and the Czech Republic (X%) displayed positive paces of growth. From 2012 to 2022, the share of Poland and Slovakia increased by X and X percentage points, respectively.

In value terms, the largest accumulator supplying countries in Eastern Europe were Poland ($X), Hungary ($X) and the Czech Republic ($X), together comprising X% of total exports.

Among the main exporting countries, Hungary, with a CAGR of X%, 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, declining by X% against the previous year. Overall, the export price saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 an increase of X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Hungary ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

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

Accumulator Imports

Imports in Eastern Europe

For the eleventh year in a row, Eastern Europe recorded growth in supplies from abroad of electric accumulators, which increased by X% to X units in 2022. Overall, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, accumulator imports surged to $X in 2022. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

The Czech Republic was the major importer of electric accumulators in Eastern Europe, with the volume of imports accounting for X units, which was near X% of total imports in 2022. Poland (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Hungary (X%) and Slovakia (X%). Russia (X units) and Romania (X units) held a minor share of total imports.

The Czech Republic was also the fastest-growing in terms of the electric accumulators imports, with a CAGR of X% from 2012 to 2022. At the same time, Slovakia (X%), Romania (X%), Poland (X%), Hungary (X%) and Russia (X%) displayed positive paces of growth. From 2012 to 2022, the share of the Czech Republic and Slovakia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X), Poland ($X) and Slovakia ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports.

In terms of the main importing countries, Slovakia, with a CAGR of X%, saw the highest growth rate of 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

The import price in Eastern Europe stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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