Eastern Europe: Market for Mechanical Appliances For Projecting, Dispersing Or Spraying 2024

Market Size for Mechanical Appliances For Projecting, Dispersing Or Spraying in Eastern Europe

After three years of growth, the East European market for mechanical appliances for projecting, dispersing or spraying decreased by -14.5% to $X in 2022. Over the period under review, consumption, however, recorded a resilient expansion. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Production of Mechanical Appliances For Projecting, Dispersing Or Spraying in Eastern Europe

In value terms, production of mechanical appliances for projecting, dispersing or spraying surged to $X in 2022 estimated in export price. In general, production continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by 659%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports in Eastern Europe

In 2022, shipments abroad of mechanical appliances for projecting, dispersing or spraying decreased by -3.1% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 27% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying reduced to $X in 2022. Total exports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 +109.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 67% against the previous year. Over the period under review, the exports of hit record highs at $X in 2021, and then contracted in the following year.

Exports by Country

The Czech Republic represented the main exporting country with an export of about X units, which resulted at 38% of total exports. Poland (X units) ranks second in terms of the total exports with a 20% share, followed by Romania (17%) and Hungary (11%). The following exporters - Belarus (X units), Russia (X units) and Slovakia (X units) - each resulted at a 9.7% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +50.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest mechanical appliances for projecting, dispersing or spraying supplying countries in Eastern Europe were the Czech Republic ($X), Poland ($X) and Russia ($X), together comprising 70% of total exports. Hungary, Romania, Slovakia and Belarus lagged somewhat behind, together comprising a further 25%.

Romania, with a CAGR of +49.2%, recorded 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

The export price in Eastern Europe stood at $X per unit in 2022, dropping by -10.6% against the previous year. Export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for mechanical appliances for projecting, dispersing or spraying increased by +50.0% against 2019 indices. The pace of growth was the most pronounced in 2020 an increase of 33% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2021, and then shrank 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 Russia ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+15.4%), while the other leaders experienced more modest paces of growth.

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports in Eastern Europe

In 2022, after two years of growth, there was significant decline in overseas purchases of mechanical appliances for projecting, dispersing or spraying, when their volume decreased by -15.7% to X units. Total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 46%. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying fell to $X in 2022. Total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 +15.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 42%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia (X units) and Poland (X units) represented roughly 57% of total imports in 2022. It was distantly followed by the Czech Republic (X units), Romania (X units) and Hungary (X units), together creating a 29% share of total imports. The following importers - Belarus (X units) and Slovakia (X units) - each finished at a 7.4% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Romania (with a CAGR of +11.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Poland ($X) and the Czech Republic ($X) were the countries with the highest levels of imports in 2022, with a combined 72% share of total imports.

The Czech Republic, with a CAGR of +9.0%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2022, the import price in Eastern Europe amounted to $X per unit, with an increase of 9.8% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 20% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+2.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :