Eastern Europe: Metal Self-Tapping Screw Market 2024

Metal Self-Tapping Screw Market Size in Eastern Europe

The East European metal self-tapping screw market dropped to $X in 2022, declining by -11% against the previous year. The total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +20.2% against 2020 indices. As a result, consumption reached the peak level of $X, and then declined in the following year.

Metal Self-Tapping Screw Production in Eastern Europe

In value terms, metal self-tapping screw production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced decline. The pace of growth was the most pronounced in 2016 when the production volume increased by 35%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Metal Self-Tapping Screw Exports

Exports in Eastern Europe

In 2022, the amount of iron or steel self-tapping screws exported in Eastern Europe amounted to X tons, picking up by 6.9% against 2021. Total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +18.1% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 15% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, metal self-tapping screw exports rose rapidly to $X in 2022. In general, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 20% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

The Czech Republic represented the main exporter of iron or steel self-tapping screws in Eastern Europe, with the volume of exports finishing at X tons, which was approx. 56% of total exports in 2022. Poland (X tons) ranks second in terms of the total exports with a 17% share, followed by Slovakia (13%), Belarus (6%) and Russia (5%).

From 2012 to 2022, average annual rates of growth with regard to metal self-tapping screw exports from the Czech Republic stood at +6.6%. At the same time, Slovakia (+19.6%), Russia (+13.6%), Poland (+7.3%) and Belarus (+2.8%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +19.6% from 2012-2022. From 2012 to 2022, the share of Slovakia and Russia increased by +8.1 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X) remains the largest metal self-tapping screw supplier in Eastern Europe, comprising 52% of total exports. The second position in the ranking was taken by Poland ($X), with a 24% share of total exports. It was followed by Slovakia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Czech Republic amounted to +7.7%. In the other countries, the average annual rates were as follows: Poland (+8.7% per year) and Slovakia (+19.3% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2021 an increase of 8.8%. As a result, the export price attained the peak level of $X per ton, leveling off in the following year.

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 Poland ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+3.1%), while the other leaders experienced more modest paces of growth.

Metal Self-Tapping Screw Imports

Imports in Eastern Europe

Metal self-tapping screw imports dropped to X tons in 2022, reducing by -8% against 2021 figures. Total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +13.5% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 26% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then declined in the following year.

In value terms, metal self-tapping screw imports dropped to $X in 2022. Overall, imports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 37%. As a result, imports reached the peak of $X, and then fell modestly in the following year.

Imports by Country

Russia was the largest importing country with an import of about X tons, which reached 49% of total imports. It was distantly followed by Poland (X tons), the Czech Republic (X tons), Slovakia (X tons) and Romania (X tons), together comprising a 39% share of total imports. The following importers - Ukraine (X tons) and Hungary (X tons) - each recorded a 5.7% share of total imports.

Imports into Russia increased at an average annual rate of +6.8% from 2012 to 2022. At the same time, Hungary (+12.2%), Slovakia (+9.0%), Romania (+7.8%), Poland (+6.8%) and the Czech Republic (+2.6%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +12.2% from 2012-2022. By contrast, Ukraine (-5.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia and Slovakia increased by +4.3 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Poland ($X) and the Czech Republic ($X) were the countries with the highest levels of imports in 2022, together accounting for 65% of total imports. Slovakia, Romania, Hungary and Ukraine lagged somewhat behind, together accounting for a further 26%.

Hungary, with a CAGR of +13.0%, saw the highest growth rate of the value of imports, among 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

The import price in Eastern Europe stood at $X per ton in 2022, with an increase of 4.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2021 an increase of 11% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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