Eastern Europe: Market for Machines For Balancing Mechanical Parts 2024

Market Size for Machines For Balancing Mechanical Parts in Eastern Europe

The East European balancing mechanical parts machine market reduced modestly to $X in 2021, which is down by -2.5% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Machines For Balancing Mechanical Parts in Eastern Europe

In value terms, balancing mechanical parts machine production fell to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 21% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Machines For Balancing Mechanical Parts

Exports in Eastern Europe

Balancing mechanical parts machine exports surged to X units in 2021, increasing by 35% compared with 2020 figures. Over the period under review, exports enjoyed a prominent increase. The growth pace was the most rapid in 2016 with an increase of 42% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, balancing mechanical parts machine exports surged to $X in 2021. Overall, exports, however, showed a deep downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 29%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Poland was the key exporting country with an export of about X units, which reached 59% of total exports. Lithuania (X units) held a 17% share (based on physical terms) of total exports, which put it in second place, followed by Hungary (13%) and the Czech Republic (4.5%). The following exporters - Ukraine (X units) and Russia (X units) - each recorded a 3.4% share of total exports.

Poland was also the fastest-growing in terms of the machines for balancing mechanical parts exports, with a CAGR of +21.1% from 2012 to 2021. At the same time, the Czech Republic (+16.0%), Lithuania (+11.0%), Ukraine (+8.3%) and Russia (+2.0%) displayed positive paces of growth. Hungary experienced a relatively flat trend pattern. Poland (+30 p.p.) significantly strengthened its position in terms of the total exports, while Russia and Hungary saw its share reduced by -2.1% and -23.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest balancing mechanical parts machine supplier in Eastern Europe, comprising 46% of total exports. The second position in the ranking was taken by Russia ($X), with a 21% share of total exports. It was followed by the Czech Republic, with a 7.5% share.

In Poland, balancing mechanical parts machine exports expanded at an average annual rate of +14.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (+4.6% per year) and the Czech Republic (+2.9% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per unit, waning by -6.2% against the previous year. Over the period under review, the export price faced a abrupt contraction. The most prominent rate of growth was recorded in 2017 a decrease of -1.4%. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Russia ($X per unit), while Lithuania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+9.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Machines For Balancing Mechanical Parts

Imports in Eastern Europe

In 2021, approx. X units of machines for balancing mechanical parts were imported in Eastern Europe; rising by 22% compared with the previous year. Over the period under review, imports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of 48% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, balancing mechanical parts machine imports soared to $X in 2021. Overall, imports, however, recorded a noticeable curtailment. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Poland represented the key importer of machines for balancing mechanical parts in Eastern Europe, with the volume of imports reaching X units, which was approx. 42% of total imports in 2021. It was distantly followed by Romania (X units), Ukraine (X units), the Czech Republic (X units), Lithuania (X units) and Hungary (X units), together creating a 46% share of total imports. Bulgaria (X units) followed a long way behind the leaders.

Poland was also the fastest-growing in terms of the machines for balancing mechanical parts imports, with a CAGR of +18.9% from 2012 to 2021. At the same time, Lithuania (+9.9%), Bulgaria (+9.8%), Romania (+6.6%), the Czech Republic (+4.9%), Ukraine (+2.4%) and Hungary (+1.5%) displayed positive paces of growth. While the share of Poland (+25 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Romania (-1.7 p.p.), the Czech Republic (-3 p.p.), Hungary (-4.2 p.p.) and Ukraine (-7.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X), Romania ($X) and the Czech Republic ($X) were the countries with the highest levels of imports in 2021, with a combined 45% share of total imports.

Poland, with a CAGR of +9.4%, 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, rising by 12% against the previous year. In general, the import price, however, saw a abrupt decrease. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (-0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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