Eastern Europe: Market for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases 2024

Market Size for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in Eastern Europe

The East European market for non-electronic instruments for measuring or checking variables of liquids or gases reduced markedly to $X in 2021, declining by -24% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Production of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in Eastern Europe

In value terms, non-electronic liquid or gas measurer production fell to $X in 2021 estimated in export price. Over the period under review, production enjoyed buoyant growth. The growth pace was the most rapid in 2016 with an increase of 132%. The level of production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Exports in Eastern Europe

In 2021, shipments abroad of non-electronic instruments for measuring or checking variables of liquids or gases increased by 45% to X units, rising for the second consecutive year after three years of decline. Total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +12.9% 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 +57.4% against 2019 indices. The pace of growth was the most pronounced in 2013 when exports increased by 99%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, non-electronic liquid or gas measurer exports soared to $X in 2021. Overall, exports saw prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Romania (X units), the Czech Republic (X units), Hungary (X units), Poland (X units) and Lithuania (X units), together recording 88% of total export. It was distantly followed by Bulgaria (X units), committing a 6.1% share of total exports. Slovakia (X units) took a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Romania (with a CAGR of +45.7%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Hungary ($X) and the Czech Republic ($X) constituted the countries with the highest levels of exports in 2021, with a combined 61% share of total exports.

Among the main exporting countries, Romania, with a CAGR of +41.5%, saw the highest rates of growth with regard to 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

In 2021, the export price in Eastern Europe amounted to $X per unit, surging by 6.1% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 24% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+10.8%), while the other leaders experienced more modest paces of growth.

Imports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Imports in Eastern Europe

After four years of growth, supplies from abroad of non-electronic instruments for measuring or checking variables of liquids or gases decreased by -25% to X units in 2021. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 22%. As a result, imports attained the peak of X units, and then declined dramatically in the following year.

In value terms, non-electronic liquid or gas measurer imports totaled $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 11%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Poland was the largest importing country with an import of around X units, which resulted at 36% of total imports. Russia (X units) ranks second in terms of the total imports with a 16% share, followed by Romania (11%), the Czech Republic (10%), Hungary (8.8%) and Slovakia (4.6%). Ukraine (X units) followed a long way behind the leaders.

Imports into Poland increased at an average annual rate of +6.2% from 2012 to 2021. At the same time, Romania (+11.1%), Ukraine (+7.1%), Hungary (+6.4%) and Slovakia (+2.6%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +11.1% from 2012-2021. By contrast, the Czech Republic (-3.0%) and Russia (-6.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Poland, Romania, Hungary and Ukraine increased by +15, +6.5, +3.7 and +1.6 percentage points, respectively. 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, with a combined 67% share of total imports. Romania, Hungary, Slovakia and Ukraine lagged somewhat behind, together accounting for a further 24%.

Among the main importing countries, Romania, with a CAGR of +12.6%, saw the highest growth rate of 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

In 2021, the import price in Eastern Europe amounted to $X per unit, rising by 35% against the previous year. In general, the import price recorded a relatively flat trend pattern. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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