Eastern Europe: Market for Machinery for Liquefying Air or Gases 2024

Market Size for Machinery for Liquefying Air or Gases in Eastern Europe

The East European air or gas liquefier market reduced to $X in 2022, which is down by -3.1% against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Machinery for Liquefying Air or Gases in Eastern Europe

In value terms, air or gas liquefier production totaled $X in 2022 estimated in export price. In general, production saw a slight downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by 59%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Exports of Machinery for Liquefying Air or Gases

Exports in Eastern Europe

In 2022, shipments abroad of machinery for liquefying air or gases increased by 13% to X units, rising for the second consecutive year after two years of decline. Overall, exports showed a resilient expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 173% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, air or gas liquefier exports skyrocketed to $X in 2022. In general, exports recorded a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of 218% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the three major exporters of machinery for liquefying air or gases, namely Hungary, Poland and Russia, represented more than two-thirds of total export. It was distantly followed by Romania (X units), committing a 7.7% share of total exports. Lithuania (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +21.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Russia ($X) and Poland ($X) constituted the countries with the highest levels of exports in 2022, together comprising 78% of total exports.

Among the main exporting countries, Poland, with a CAGR of +26.8%, 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

The export price in Eastern Europe stood at $X per unit in 2022, increasing by 24% against the previous year. Over the period under review, the export price posted a resilient increase. The pace of growth appeared the most rapid in 2019 an increase of 195% against the previous year. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lithuania ($X per unit), while Romania ($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 (+17.6%), while the other leaders experienced more modest paces of growth.

Imports of Machinery for Liquefying Air or Gases

Imports in Eastern Europe

In 2022, approx. X units of machinery for liquefying air or gases were imported in Eastern Europe; with a decrease of -44.7% on the previous year's figure. Over the period under review, imports, however, saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 712% against the previous year. As a result, imports attained the peak of X units, and then shrank significantly in the following year.

In value terms, air or gas liquefier imports dropped sharply to $X in 2022. In general, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 1,005% against the previous year. As a result, imports attained the peak of $X, and then contracted markedly in the following year.

Imports by Country

Russia dominates imports structure, resulting at X units, which was near 88% of total imports in 2022. The following importers - Hungary (X units), Lithuania (X units), Poland (X units), Romania (X units), Slovakia (X units) and Ukraine (X units) - each amounted to an 11% share of total imports.

Russia was also the fastest-growing in terms of the machinery for liquefying air or gases imports, with a CAGR of +32.1% from 2012 to 2022. At the same time, Lithuania (+14.9%), Ukraine (+11.6%), Poland (+11.6%), Slovakia (+11.6%) and Hungary (+2.9%) displayed positive paces of growth. By contrast, Romania (-5.0%) illustrated a downward trend over the same period. While the share of Russia (+46 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Lithuania (-2 p.p.), Ukraine (-2.5 p.p.), Poland (-2.5 p.p.), Slovakia (-2.5 p.p.), Hungary (-10.3 p.p.) and Romania (-19.2 p.p.) displayed negative dynamics.

In value terms, Russia ($X) constitutes the largest market for imported machinery for liquefying air or gases in Eastern Europe, comprising 97% of total imports. The second position in the ranking was taken by Hungary ($X), with a 1.1% share of total imports. It was followed by Poland, with a 0.5% share.

In Russia, air or gas liquefier imports expanded at an average annual rate of +35.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Hungary (+45.4% per year) and Poland (+14.1% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2022, shrinking by -2.6% against the previous year. Overall, the import price, however, saw buoyant growth. The most prominent rate of growth was recorded in 2021 when the import price increased by 36% against the previous year. As a result, import price attained the peak level of $X per unit, and then reduced modestly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per unit), while Lithuania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+41.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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