Eastern Europe: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024

Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Eastern Europe

The East European fuel or lubricating pump market declined notably to $X in 2021, reducing by -15.4% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then shrank remarkably in the following year.

Production of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Eastern Europe

In value terms, fuel or lubricating pump production declined markedly to $X in 2021 estimated in export price. Overall, production recorded measured growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by 89%. As a result, production reached the peak level of $X, and then contracted rapidly in the following year.

Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Exports in Eastern Europe

In 2021, approx. X units of fuel, lubricating or cooling-medium pumps for internal combustion engines were exported in Eastern Europe; with an increase of 130% against the previous year. Overall, exports continue to indicate a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, fuel or lubricating pump exports expanded significantly to $X in 2021. The total export value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when exports increased by 16%. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The Czech Republic represented the key exporter of fuel, lubricating or cooling-medium pumps for internal combustion engines in Eastern Europe, with the volume of exports reaching X units, which was approx. 63% of total exports in 2021. It was distantly followed by Romania (X units), Hungary (X units) and Poland (X units), together constituting a 29% share of total exports. The following exporters - Slovakia (X units) and Russia (X units) - together made up 6.6% of total exports.

From 2012 to 2021, average annual rates of growth with regard to fuel or lubricating pump exports from the Czech Republic stood at +22.9%. At the same time, Slovakia (+48.4%), Romania (+37.4%), Poland (+12.1%) and Hungary (+7.3%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +48.4% from 2012-2021. Russia experienced a relatively flat trend pattern. From 2012 to 2021, the share of the Czech Republic, Romania and Slovakia increased by +16, +12 and +3.1 percentage points, respectively.

In value terms, the Czech Republic ($X) remains the largest fuel or lubricating pump supplier in Eastern Europe, comprising 58% of total exports. The second position in the ranking was held by Romania ($X), with an 18% share of total exports. It was followed by Poland, with an 8% share.

In the Czech Republic, fuel or lubricating pump exports remained relatively stable over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Romania (+10.5% per year) and Poland (+7.2% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per unit, which is down by -51.9% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2013 an increase of 7.5%. As a result, the export price reached the peak level of $X per unit. 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 Poland ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-1.3%), while the other leaders experienced a decline in the export price figures.

Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Imports in Eastern Europe

In 2021, overseas purchases of fuel, lubricating or cooling-medium pumps for internal combustion engines increased by 19% to X units, rising for the third year in a row after two years of decline. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +76.9% against 2018 indices. The most prominent rate of growth was recorded in 2020 with an increase of 33%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, fuel or lubricating pump imports expanded notably to $X in 2021. The total import value increased at an average annual rate of +5.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of fuel, lubricating or cooling-medium pumps for internal combustion engines, namely Poland, Hungary and the Czech Republic, represented more than two-thirds of total import. Slovakia (X units) ranks next in terms of the total imports with an 8.6% share, followed by Romania (8.2%). Russia (X units) and Belarus (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Romania (with a CAGR of +15.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Hungary ($X) and Russia ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 63% share of total imports.

Among the main importing countries, Russia, with a CAGR of +10.7%, recorded 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

In 2021, the import price in Eastern Europe amounted to $X per unit, shrinking by -5.2% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by 17%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+13.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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