Eastern Europe: Confectionery-Making Industrial Machinery Market 2024

Confectionery-Making Industrial Machinery Market Size in Eastern Europe

The East European confectionery-making industrial machinery market totaled $X in 2022, remaining constant against the previous year. In general, consumption showed a deep setback. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Confectionery-Making Industrial Machinery Production in Eastern Europe

In value terms, confectionery-making industrial machinery production totaled $X in 2022 estimated in export price. Overall, production, however, showed modest growth. The most prominent rate of growth was recorded in 2020 with an increase of 49%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Confectionery-Making Industrial Machinery Exports

Exports in Eastern Europe

After three years of growth, shipments abroad of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate decreased by -44.3% to X units in 2022. Overall, exports, however, enjoyed a measured expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 122%. Over the period under review, the exports hit record highs at X units in 2021, and then dropped dramatically in the following year.

In value terms, confectionery-making industrial machinery exports plummeted to $X in 2022. Over the period under review, exports showed a noticeable decline. The growth pace was the most rapid in 2018 when exports increased by 60%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the three major exporters of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate, namely Russia, Poland and Slovakia, represented more than two-thirds of total export. Belarus (X units) ranks next in terms of the total exports with an 8.1% share, followed by Bulgaria (7%). The following exporters - Ukraine (X units) and Lithuania (X units) - together made up 6% of total exports.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of +82.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest confectionery-making industrial machinery supplying countries in Eastern Europe were Slovakia ($X), Poland ($X) and Russia ($X), with a combined 74% share of total exports. These countries were followed by Bulgaria, Lithuania, Ukraine and Belarus, which together accounted for a further 23%.

Among the main exporting countries, Bulgaria, with a CAGR of +24.1%, 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, picking up by 8.8% against the previous year. In general, the export price, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 an increase of 68%. Over the period under review, the export prices reached the peak figure at $X per unit in 2013; however, from 2014 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 Lithuania ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+10.0%), while the other leaders experienced more modest paces of growth.

Confectionery-Making Industrial Machinery Imports

Imports in Eastern Europe

After two years of growth, supplies from abroad of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate decreased by -16.6% to X units in 2022. In general, imports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 30% against the previous year. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, confectionery-making industrial machinery imports fell to $X in 2022. Overall, imports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when imports increased by 41% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia was the largest importer of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate in Eastern Europe, with the volume of imports accounting for X units, which was near 68% of total imports in 2022. Bulgaria (X units) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (5.5%) and Poland (4.5%). The following importers - Ukraine (X units) and Romania (X units) - each finished at a 4.9% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to confectionery-making industrial machinery imports into Russia stood at -1.4%. At the same time, Bulgaria (+30.6%) and Belarus (+7.7%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +30.6% from 2012-2022. By contrast, Romania (-1.7%), Poland (-5.4%) and Ukraine (-22.6%) illustrated a downward trend over the same period. While the share of Russia (+11 p.p.), Bulgaria (+10 p.p.) and Belarus (+3.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ukraine (-20.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate in Eastern Europe, comprising 70% of total imports. The second position in the ranking was taken by Bulgaria ($X), with an 8.4% share of total imports. It was followed by Poland, with a 7% share.

In Russia, confectionery-making industrial machinery imports decreased by an average annual rate of -5.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bulgaria (+41.3% per year) and Poland (-5.3% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per unit, rising by 7% against the previous year. Overall, the import price, however, showed a perceptible setback. The pace of growth appeared the most rapid in 2018 when the import price increased by 8.2% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+8.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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