Eastern Europe: Endless Machinery Band Market 2025

Endless Machinery Band Market Size in Eastern Europe

The East European endless machinery band market surged to $X in 2021, picking up by 25% against the previous year. In general, consumption, however, showed a abrupt shrinkage. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Endless Machinery Band Production in Eastern Europe

In value terms, endless machinery band production shrank rapidly to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 15% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Endless Machinery Band Exports

Exports in Eastern Europe

In 2021, overseas shipments of endless bands for machinery, of stainless steel were finally on the rise to reach X square meters after two years of decline. Over the period under review, exports, however, showed a noticeable setback. The growth pace was the most rapid in 2014 with an increase of 54%. The volume of export peaked at X square meters in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, endless machinery band exports skyrocketed to $X in 2021. In general, exports, however, showed a abrupt curtailment. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The Czech Republic prevails in exports structure, accounting for X square meters, which was near 73% of total exports in 2021. Poland (X square meters) took the second position in the ranking, followed by Lithuania (X square meters) and Russia (X square meters). All these countries together held near 19% share of total exports. Hungary (X square meters) and Belarus (X square meters) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to endless machinery band exports from the Czech Republic stood at +3.1%. At the same time, Belarus (+63.5%) and Russia (+45.9%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +63.5% from 2012-2021. By contrast, Poland (-3.5%), Lithuania (-5.8%) and Hungary (-7.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Czech Republic, Russia and Belarus increased by +30, +4.7 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X) remains the largest endless machinery band supplier in Eastern Europe, comprising 73% of total exports. The second position in the ranking was held by Lithuania ($X), with a 13% share of total exports. It was followed by Poland, with a 4.4% share.

In the Czech Republic, endless machinery band exports increased at an average annual rate of +1.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Lithuania (+4.2% per year) and Poland (-10.5% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per square meter, rising by 9% against the previous year. Over the period under review, the export price, however, recorded a abrupt descent. The growth pace was the most rapid in 2016 an increase of 13%. Over the period under review, the export prices hit record highs at $X per square meter in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Lithuania ($X per square meter), while Belarus ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+10.6%), while the other leaders experienced mixed trends in the export price figures.

Endless Machinery Band Imports

Imports in Eastern Europe

In 2021, overseas purchases of endless bands for machinery, of stainless steel were finally on the rise to reach X square meters for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports showed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, endless machinery band imports skyrocketed to $X in 2021. Total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 52% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Hungary (X square meters) was the largest importer of endless bands for machinery, of stainless steel, comprising 36% of total imports. Bulgaria (X square meters) ranks second in terms of the total imports with a 14% share, followed by Romania (12%), Estonia (9.4%), Lithuania (8.1%), Poland (7.3%) and Russia (6.2%).

Hungary was also the fastest-growing in terms of the endless bands for machinery, of stainless steel imports, with a CAGR of +56.0% from 2012 to 2021. At the same time, Estonia (+28.1%), Bulgaria (+25.3%) and Lithuania (+15.5%) displayed positive paces of growth. Russia experienced a relatively flat trend pattern. By contrast, Romania (-1.0%) and Poland (-12.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Hungary, Bulgaria, Estonia and Lithuania increased by +35, +11, +7.7 and +4.4 percentage points, respectively.

In value terms, Russia ($X), Poland ($X) and Hungary ($X) were the countries with the highest levels of imports in 2021, together accounting for 47% of total imports.

Hungary, with a CAGR of +20.1%, recorded the highest growth rate of 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 square meter in 2021, falling by -31.7% against the previous year. Overall, the import price recorded a slight setback. The pace of growth appeared the most rapid in 2016 an increase of 47%. As a result, import price reached the peak level of $X per square meter. From 2017 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Russia ($X per square meter), while Estonia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+16.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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