Eastern Europe: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in Eastern Europe

The East European pneumatic linear acting actuator market contracted rapidly to $X in 2022, which is down by -20.9% against the previous year. In general, consumption saw a perceptible reduction. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Pneumatic Linear Acting Actuators in Eastern Europe

In value terms, pneumatic linear acting actuator production reduced rapidly to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 90% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Pneumatic Linear Acting Actuators

Exports in Eastern Europe

In 2022, after two years of growth, there was significant decline in shipments abroad of pneumatic linear acting actuators, when their volume decreased by -11.9% to X units. Over the period under review, exports, however, posted strong growth. The growth pace was the most rapid in 2016 with an increase of 47%. The volume of export peaked at X units in 2021, and then reduced in the following year.

In value terms, pneumatic linear acting actuator exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by 29% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

Poland dominates exports structure, finishing at X units, which was approx. 83% of total exports in 2022. It was distantly followed by Hungary (X units), mixing up a 9.3% share of total exports. The Czech Republic (X units) and Belarus (X units) took a little share of total exports.

Exports from Poland increased at an average annual rate of +14.3% from 2012 to 2022. At the same time, Belarus (+22.3%), Hungary (+12.0%) and the Czech Republic (+11.9%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +22.3% from 2012-2022. Poland (+11 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest pneumatic linear acting actuator supplier in Eastern Europe, comprising 69% of total exports. The second position in the ranking was held by Hungary ($X), with an 18% share of total exports. It was followed by the Czech Republic, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value in Poland amounted to +13.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Hungary (+7.2% per year) and the Czech Republic (+8.5% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per unit, surging by 32% against the previous year. In general, the export price, however, continues to indicate a pronounced shrinkage. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 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 (-0.9%), while the other leaders experienced a decline in the export price figures.

Imports of Pneumatic Linear Acting Actuators

Imports in Eastern Europe

In 2022, the amount of pneumatic linear acting actuators imported in Eastern Europe dropped to X units, waning by -6.1% compared with the previous year. Over the period under review, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 30% against the previous year. As a result, imports attained the peak of X units, and then fell in the following year.

In value terms, pneumatic linear acting actuator imports reduced to $X in 2022. Total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +5.4% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

Russia represented the largest importing country with an import of around X units, which reached 63% of total imports. Poland (X units) held the second position in the ranking, followed by Belarus (X units) and the Czech Republic (X units). All these countries together took near 26% share of total imports. Hungary (X units), Ukraine (X units) and Slovakia (X units) held a relatively small share of total imports.

Russia was also the fastest-growing in terms of the pneumatic linear acting actuators imports, with a CAGR of +20.2% from 2012 to 2022. At the same time, Slovakia (+17.2%), the Czech Republic (+6.2%), Belarus (+4.7%) and Hungary (+1.9%) displayed positive paces of growth. By contrast, Poland (-3.9%) and Ukraine (-3.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia increased by +40 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest pneumatic linear acting actuator importing markets in Eastern Europe were Russia ($X), Poland ($X) and the Czech Republic ($X), with a combined 71% share of total imports. Hungary, Slovakia, Belarus and Ukraine lagged somewhat behind, together comprising a further 21%.

Among the main importing countries, Slovakia, with a CAGR of +8.0%, saw the highest rates of growth with regard to 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

The import price in Eastern Europe stood at $X per unit in 2022, leveling off at the previous year. Over the period under review, the import price showed a noticeable decline. The most prominent rate of growth was recorded in 2020 when the import price increased by 9.4%. Over the period under review, import prices reached the maximum at $X per unit in 2014; however, from 2015 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 (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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