Eastern Europe: Industrial Bakery Machinery Market 2024

Industrial Bakery Machinery Market Size in Eastern Europe

In 2022, the East European industrial bakery machinery market decreased by -20% to $X, falling for the third consecutive year after three years of growth. Over the period under review, consumption recorded a perceptible slump. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Industrial Bakery Machinery Production in Eastern Europe

In value terms, industrial bakery machinery production fell to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 19% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Industrial Bakery Machinery Exports

Exports in Eastern Europe

In 2022, industrial bakery machinery exports in Eastern Europe contracted to X units, which is down by -11.6% against 2021. The total export volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when exports increased by 18%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, industrial bakery machinery exports fell to $X in 2022. The total export value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 23%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X units), Hungary (X units), Bulgaria (X units), Lithuania (X units) and the Czech Republic (X units) represented roughly 83% of total exports in 2022. It was distantly followed by Russia (X units), achieving a 7.1% share of total exports. Slovakia (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Bulgaria (with a CAGR of +26.9%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Hungary ($X) and the Czech Republic ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 62% of total exports. These countries were followed by Lithuania, Bulgaria, Russia and Slovakia, which together accounted for a further 29%.

Bulgaria, with a CAGR of +20.7%, recorded the highest rates of growth with regard to 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 2022, the export price in Eastern Europe amounted to $X per unit, surging by 3.1% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 8.6%. Over the period under review, the export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+1.2%), while the other leaders experienced a decline in the export price figures.

Industrial Bakery Machinery Imports

Imports in Eastern Europe

In 2022, industrial bakery machinery imports in Eastern Europe declined rapidly to X units, shrinking by -29.1% compared with the previous year. In general, imports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2019 with an increase of 29%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, industrial bakery machinery imports fell rapidly to $X in 2022. Over the period under review, imports saw a slight decline. The growth pace was the most rapid in 2017 with an increase of 26%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of industrial bakery machinery imports in 2022 were Russia (X units), Romania (X units) and Poland (X units), together amounting to 63% of total import. Ukraine (X units) ranks next in terms of the total imports with a 7.8% share, followed by Lithuania (6.7%), Hungary (5.4%) and the Czech Republic (5.4%).

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +6.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported industrial bakery machinery in Eastern Europe, comprising 39% of total imports. The second position in the ranking was held by Romania ($X), with a 17% share of total imports. It was followed by Poland, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia amounted to -2.1%. In the other countries, the average annual rates were as follows: Romania (+0.7% per year) and Poland (+1.8% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per unit, increasing by 1.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2014 when the import price increased by 24% against the previous year. The level of import peaked at $X per unit in 2018; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per unit), while Lithuania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :