Eastern Europe: Prisms And Mirrors Market 2024

Prisms And Mirrors Market Size in Eastern Europe

The East European prisms and mirrors market declined to $X in 2022, shrinking by -14.3% against the previous year. The total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -28.1% against 2017 indices. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Prisms And Mirrors Production in Eastern Europe

In value terms, prisms and mirrors production shrank to $X in 2022 estimated in export price. In general, production, however, posted a modest expansion. The most prominent rate of growth was recorded in 2014 with an increase of 105% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Prisms And Mirrors Exports

Exports in Eastern Europe

For the fourth year in a row, Eastern Europe recorded decline in shipments abroad of prisms and mirrors, which decreased by -11.5% to X tons in 2022. In general, exports recorded a pronounced contraction. The pace of growth appeared the most rapid in 2018 with an increase of 32% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, prisms and mirrors exports expanded significantly to $X in 2022. The total export value increased at an average annual rate of +6.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 38%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

The Czech Republic prevails in exports structure, finishing at X tons, which was near 81% of total exports in 2022. Hungary (X tons) ranks second in terms of the total exports with a 4.8% share, followed by Poland (4.7%). Slovakia (X tons), Bulgaria (X tons) and Russia (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to prisms and mirrors exports from the Czech Republic stood at +11.7%. At the same time, Hungary (+27.5%), Russia (+9.7%) and Bulgaria (+2.3%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +27.5% from 2012-2022. By contrast, Slovakia (-11.6%) and Poland (-25.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Czech Republic and Hungary increased by +60 and +4.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest prisms and mirrors supplying countries in Eastern Europe were the Czech Republic ($X), Poland ($X) and Bulgaria ($X), together accounting for 51% of total exports.

In terms of the main exporting countries, the Czech Republic, with a CAGR of +8.9%, recorded the highest growth rate of 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

The export price in Eastern Europe stood at $X per ton in 2022, growing by 23% against the previous year. Overall, the export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 an increase of 36%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+32.5%), while the other leaders experienced more modest paces of growth.

Prisms And Mirrors Imports

Imports in Eastern Europe

Prisms and mirrors imports declined remarkably to X tons in 2022, shrinking by -26.1% compared with 2021 figures. In general, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 38% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, prisms and mirrors imports fell to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 33%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

Hungary (X tons) and Poland (X tons) were the main importers of prisms and mirrors in 2022, amounting to near 43% and 39% of total imports, respectively. It was distantly followed by Slovakia (X tons), achieving a 10% share of total imports. The Czech Republic (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +24.5%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest prisms and mirrors importing markets in Eastern Europe were Hungary ($X), Poland ($X) and the Czech Republic ($X), with a combined 58% share of total imports.

Hungary, with a CAGR of +25.2%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, jumping by 28% against the previous year. Import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prisms and mirrors import price increased by +75.6% against 2015 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+10.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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