Eastern Europe: Pump For Liquid Market 2024

Pump For Liquid Market Size in Eastern Europe

The East European pump for liquid market dropped to $X in 2021, with a decrease of -4.8% against the previous year. The total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +92.0% against 2015 indices. The level of consumption peaked at $X in 2020, and then contracted slightly in the following year.

Pump For Liquid Production in Eastern Europe

In value terms, pump for liquid production expanded markedly to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 54% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Pump For Liquid Exports

Exports in Eastern Europe

For the sixth year in a row, Eastern Europe recorded growth in shipments abroad of pumps for liquids and liquid elevators, which increased by 29% to X units in 2021. Overall, exports posted a resilient increase. The pace of growth appeared the most rapid in 2020 when exports increased by 30% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, pump for liquid exports skyrocketed to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Czech Republic (X units) and Hungary (X units) represented roughly 58% of total exports in 2021. Romania (X units) held a 17% share (based on physical terms) of total exports, which put it in second place, followed by Poland (12%) and Slovakia (5%). The following exporters - Russia (X units) and Belarus (X units) - together made up 5% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Romania (with a CAGR of +33.4%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) remains the largest pump for liquid supplier in Eastern Europe, comprising 40% of total exports. The second position in the ranking was taken by Hungary ($X), with a 15% share of total exports. It was followed by Romania, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in the Czech Republic amounted to +4.1%. In the other countries, the average annual rates were as follows: Hungary (+2.4% per year) and Romania (+14.6% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2021, with a decrease of -7.7% against the previous year. Over the period under review, the export price recorded a drastic downturn. The pace of growth was the most pronounced in 2013 an increase of 10% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+4.0%), while the other leaders experienced a decline in the export price figures.

Pump For Liquid Imports

Imports in Eastern Europe

In 2021, imports of pumps for liquids and liquid elevators in Eastern Europe skyrocketed to X units, growing by 16% on the previous year's figure. In general, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2017 when imports increased by 50%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, pump for liquid imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Hungary (X units), distantly followed by Poland (X units), Russia (X units), Ukraine (X units), the Czech Republic (X units) and Romania (X units) were the main importers of pumps for liquids and liquid elevators, together creating 90% of total imports. Slovakia (X units) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +28.2%), while purchases for the other leaders experienced more modest paces of growth.

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, together accounting for 64% of total imports.

Among the main importing countries, Poland, with a CAGR of +7.4%, recorded 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

In 2021, the import price in Eastern Europe amounted to $X per unit, remaining stable against the previous year. Over the period under review, the import price, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2019 when the import price increased by 5.9% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (-2.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform