Eastern Europe: Feedstuff Preparing Machinery Market 2024

Feedstuff Preparing Machinery Market Size in Eastern Europe

The East European feedstuff preparing machinery market shrank sharply to $X in 2021, falling by -43.1% against the previous year. Overall, consumption showed a abrupt setback. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Feedstuff Preparing Machinery Production in Eastern Europe

In value terms, feedstuff preparing machinery production contracted rapidly to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 27% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then reduced markedly in the following year.

Feedstuff Preparing Machinery Exports

Exports in Eastern Europe

In 2021, approx. X units of machinery for preparing animal feedstuffs were exported in Eastern Europe; picking up by 22% against 2020. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +62.2% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, feedstuff preparing machinery exports rose modestly to $X in 2021. The total export value increased at an average annual rate of +4.3% 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 2016 with an increase of 25% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Russia (X units) and Poland (X units) represented the major exporters of machinery for preparing animal feedstuffs in Eastern Europe, together reaching approx. 64% of total exports. It was distantly followed by Slovakia (X units), Belarus (X units), Bulgaria (X units) and Hungary (X units), together achieving a 30% share of total exports. Ukraine (X units) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +67.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Slovakia ($X) and Russia ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 74% of total exports. These countries were followed by Belarus, Hungary, Ukraine and Bulgaria, which together accounted for a further 19%.

Bulgaria, with a CAGR of +45.6%, saw 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 unit, with a decrease of -14.3% against the previous year. Over the period under review, the export price showed a perceptible setback. The growth pace was the most rapid in 2016 an increase of 24%. The level of export peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Slovakia ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+9.9%), while the other leaders experienced more modest paces of growth.

Feedstuff Preparing Machinery Imports

Imports in Eastern Europe

In 2021, approx. X units of machinery for preparing animal feedstuffs were imported in Eastern Europe; with a decrease of -6.2% compared with 2020. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 84%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, feedstuff preparing machinery imports reduced to $X in 2021. Overall, imports saw a noticeable descent. The most prominent rate of growth was recorded in 2017 when imports increased by 76% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Russia (X units) represented the main importer of machinery for preparing animal feedstuffs, mixing up 38% of total imports. Poland (X units) held the second position in the ranking, followed by Ukraine (X units), Romania (X units), the Czech Republic (X units) and Belarus (X units). All these countries together held near 45% share of total imports. Hungary (X units) followed a long way behind the leaders.

Russia experienced a relatively flat trend pattern with regard to volume of imports of machinery for preparing animal feedstuffs. At the same time, Poland (+6.3%) and Belarus (+2.0%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +6.3% from 2012-2021. The Czech Republic and Hungary experienced a relatively flat trend pattern. By contrast, Ukraine (-1.4%) and Romania (-4.1%) illustrated a downward trend over the same period. While the share of Poland (+5.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Ukraine (-2.1 p.p.), Russia (-2.8 p.p.) and Romania (-3.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest feedstuff preparing machinery importing markets in Eastern Europe were Russia ($X), Poland ($X) and the Czech Republic ($X), with a combined 54% share of total imports.

Poland, with a CAGR of +7.5%, recorded the highest rates of growth with regard to 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

In 2021, the import price in Eastern Europe amounted to $X per unit, declining by -4.2% against the previous year. In general, the import price recorded a perceptible curtailment. The pace of growth was the most pronounced in 2018 an increase of 5.4% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hungary ($X per unit), while Ukraine ($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 (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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