Eastern Europe: Metal Self-Locking Nut Market 2024

Metal Self-Locking Nut Market Size in Eastern Europe

The East European metal self-locking nut market surged to $X in 2021, growing by 27% against the previous year. The market value increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the near future.

Metal Self-Locking Nut Production in Eastern Europe

In value terms, metal self-locking nut production rose slightly to $X in 2021 estimated in export price. In general, production, however, showed a noticeable curtailment. The growth pace was the most rapid in 2018 when the production volume increased by 6.8%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Metal Self-Locking Nut Exports

Exports in Eastern Europe

In 2021, overseas shipments of iron or steel nuts (including self-locking nuts) increased by 2.1% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2014 with an increase of 25%. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, metal self-locking nut exports soared to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +40.2% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Belarus (X tons), the Czech Republic (X tons), Poland (X tons), Slovakia (X tons) and Russia (X tons), together reaching 88% of total export. The following exporters - Hungary (X tons) and Ukraine (X tons) - each resulted at a 6.1% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Poland (with a CAGR of +13.7%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Slovakia ($X) constituted the countries with the highest levels of exports in 2021, with a combined 65% share of total exports.

Among the main exporting countries, Poland, with a CAGR of +15.1%, saw the highest growth rate of 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

In 2021, the export price in Eastern Europe amounted to $X per ton, picking up by 20% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.7%), while the other leaders experienced more modest paces of growth.

Metal Self-Locking Nut Imports

Imports in Eastern Europe

Metal self-locking nut imports expanded remarkably to X tons in 2021, growing by 11% compared with the previous year. The total import volume increased at an average annual rate of +4.5% 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 2018 when imports increased by 23% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, metal self-locking nut imports skyrocketed to $X in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +49.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia (X tons) and Poland (X tons) represented the major importers of iron or steel nuts (including self-locking nuts) in 2021, reaching approx. 27% and 25% of total imports, respectively. Slovakia (X tons) took the next position in the ranking, followed by the Czech Republic (X tons), Hungary (X tons) and Romania (X tons). All these countries together held near 40% share of total imports. Ukraine (X tons) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +13.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal self-locking nut importing markets in Eastern Europe were Poland ($X), Russia ($X) and the Czech Republic ($X), with a combined 65% share of total imports.

Poland, with a CAGR of +8.5%, saw the highest rates of growth with regard to the value of imports, in terms of 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

In 2021, the import price in Eastern Europe amounted to $X per ton, increasing by 16% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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