Eastern Europe: Ironing Machine Market 2022

Ironing Machine Market Size in Eastern Europe

The East European ironing machine market shrank dramatically to $X in 2021, waning by -X% against the previous year. Over the period under review, consumption showed a pronounced decline. As a result, consumption attained the peak level of $X, and then reduced markedly in the following year.

Ironing Machine Production in Eastern Europe

In value terms, ironing machine production shrank markedly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Ironing Machine Exports

Exports in Eastern Europe

In 2021, the amount of ironing machines and presses exported in Eastern Europe surged to X units, rising by X% on the previous year. Overall, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, ironing machine exports soared to $X in 2021. Total exports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -X% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Poland (X units), Hungary (X units) and the Czech Republic (X units) represented roughly X% of total exports in 2021. It was distantly followed by Romania (X units), comprising a X% share of total exports. Bulgaria (X units) held a minor share of total exports.

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

In value terms, the Czech Republic ($X), Hungary ($X) and Poland ($X) were the countries with the highest levels of exports in 2021, together accounting for X% of total exports.

Hungary, with a CAGR of +X%, saw the highest growth rate of 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

The export price in Eastern Europe stood at $X per unit in 2021, falling by -X% against the previous year. Over the period under review, the export price continues to indicate a drastic downturn. The growth pace was the most rapid in 2013 when the export price increased by X%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the Czech Republic ($X per unit), while Romania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (-X%), while the other leaders experienced a decline in the export price figures.

Ironing Machine Imports

Imports in Eastern Europe

In 2021, after four years of growth, there was significant decline in purchases abroad of ironing machines and presses, when their volume decreased by -X% to X units. Overall, imports, however, posted prominent growth. The growth pace was the most rapid in 2014 when imports increased by X%. The volume of import peaked at X units in 2020, and then declined in the following year.

In value terms, ironing machine imports reached $X in 2021. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by X%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Poland was the main importing country with an import of about X units, which amounted to X% of total imports. The Czech Republic (X units) took the second position in the ranking, distantly followed by Russia (X units) and Romania (X units). All these countries together held near X% share of total imports. Hungary (X units), Slovakia (X units) and Estonia (X units) took a relatively small share of total imports.

Imports into Poland increased at an average annual rate of +X% from 2012 to 2021. At the same time, Hungary (+X%), the Czech Republic (+X%), Estonia (+X%), Slovakia (+X%) and Romania (+X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +X% from 2012-2021. By contrast, Russia (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Poland, the Czech Republic and Hungary increased by +X, +X and +X percentage points, respectively. Romania (-X p.p.) and Russia (-X p.p.) saw their shares reduced. 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) appeared to be the countries with the highest levels of imports in 2021, together accounting for X% of total imports. Romania, Slovakia, Hungary and Estonia lagged somewhat behind, together comprising a further X the main importing countries, Slovakia, with a CAGR of +X%, 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 unit in 2021, jumping by X% against the previous year. In general, the import price, however, saw a deep downturn. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 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 Russia ($X per unit), while Estonia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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