Eastern Europe: Interchangeable Tool Market 2025

Interchangeable Tool Market Size in Eastern Europe

In 2021, the East European interchangeable tool market decreased by -18.2% to $X, falling for the second consecutive year after two years of growth. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Interchangeable Tool Production in Eastern Europe

In value terms, interchangeable tool production contracted notably to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2017 with an increase of 50%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Interchangeable Tool Exports

Exports in Eastern Europe

Interchangeable tool exports expanded slightly to X tons in 2021, growing by 3.1% against 2020 figures. The total export volume increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 68% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, interchangeable tool exports surged to $X in 2021. The total export value increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when exports increased by 22% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports by Country

In 2021, the Czech Republic (X tons) and Poland (X tons) were the largest exporters of interchangeable tools for hand tools in Eastern Europe, together achieving 53% of total exports. Russia (X tons) took the next position in the ranking, followed by Slovakia (X tons), Hungary (X tons) and Belarus (X tons). All these countries together took near 38% share of total exports. Ukraine (X tons) held a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +7.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest interchangeable tool supplying countries in Eastern Europe were the Czech Republic ($X), Poland ($X) and Hungary ($X), with a combined 69% share of total exports.

Poland, with a CAGR of +9.2%, 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 2021, the export price in Eastern Europe amounted to $X per ton, surging by 16% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2018 an increase of 44%. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+7.4%), while the other leaders experienced more modest paces of growth.

Interchangeable Tool Imports

Imports in Eastern Europe

Interchangeable tool imports rose notably to X tons in 2021, growing by 7.1% compared with the previous year's figure. The total import volume increased at an average annual rate of +3.6% 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 2017 with an increase of 19% against the previous year. The volume of import peaked in 2021 and is likely to continue growth in the near future.

In value terms, interchangeable tool imports reached $X in 2021. The total import value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 16%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Russia (X tons), distantly followed by Poland (X tons), the Czech Republic (X tons), Slovakia (X tons), Romania (X tons) and Hungary (X tons) were the key importers of interchangeable tools for hand tools, together comprising 90% of total imports. Ukraine (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Slovakia (with a CAGR of +10.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Poland ($X) and the Czech Republic ($X) were the countries with the highest levels of imports in 2021, together comprising 68% of total imports.

Among the main importing countries, Poland, with a CAGR of +7.7%, recorded the highest rates of growth with regard to 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 ton in 2021, growing by 5.8% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the import price increased by 9.9%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+14.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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