Eastern Europe: Pumps For Liquids Market 2024

Pumps For Liquids Market Size in Eastern Europe

The East European pumps for liquids market stood at $X in 2022, picking up by 4.8% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the market value increased by 9.7%. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Pumps For Liquids Production in Eastern Europe

In value terms, pumps for liquids production reached $X in 2022 estimated in export price. In general, production, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2016 with an increase of 20%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Pumps For Liquids Exports

Exports in Eastern Europe

For the seventh year in a row, Eastern Europe recorded growth in shipments abroad of pumps for liquids, which increased by 5.9% to X units in 2022. The total export volume increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 10% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, pumps for liquids exports contracted slightly to $X in 2022. Total exports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.5% 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 +64.4% against 2016 indices. The pace of growth was the most pronounced in 2021 when exports increased by 28% against the previous year. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

The Czech Republic represented the key exporting country with an export of about X units, which finished at 46% of total exports. It was distantly followed by Slovakia (X units), Hungary (X units) and Poland (X units), together mixing up a 46% share of total exports. The following exporters - Belarus (X units), Russia (X units) and Romania (X units) - together made up 7.6% of total exports.

Exports from the Czech Republic increased at an average annual rate of +1.2% from 2012 to 2022. At the same time, Belarus (+47.9%), Romania (+38.3%), Poland (+17.7%), Russia (+11.9%) and Hungary (+9.2%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +47.9% from 2012-2022. Slovakia experienced a relatively flat trend pattern. From 2012 to 2022, the share of Poland, Hungary and Belarus increased by +9.3, +5.9 and +4.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hungary ($X) remains the largest pumps for liquids supplier in Eastern Europe, comprising 43% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 17% share of total exports. It was followed by Russia, with a 14% share.

From 2012 to 2022, the average annual growth rate of value in Hungary stood at +2.0%. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (+9.0% per year) and Russia (+0.9% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per unit, dropping by -6% against the previous year. In general, the export price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2021 when the export price increased by 16%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 Russia ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+7.6%), while the other leaders experienced a decline in the export price figures.

Pumps For Liquids Imports

Imports in Eastern Europe

Pumps for liquids imports reduced to X units in 2022, which is down by -5.5% compared with 2021 figures. Over the period under review, imports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2016 when imports increased by 40% against the previous year. The volume of import peaked at X units in 2021, and then dropped in the following year.

In value terms, pumps for liquids imports dropped slightly to $X in 2022. The total import value increased at an average annual rate of +1.6% 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 2021 with an increase of 25%. As a result, imports reached the peak of $X, and then declined slightly in the following year.

Imports by Country

In 2022, Poland (X units) was the major importer of pumps for liquids, constituting 40% of total imports. Russia (X units) ranks second in terms of the total imports with a 22% share, followed by the Czech Republic (14%), Slovakia (7.1%) and Hungary (6.6%). The following importers - Ukraine (X units) and Romania (X units) - each amounted to a 7.2% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +18.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported pumps for liquids in Eastern Europe, comprising 39% of total imports. The second position in the ranking was taken by Poland ($X), with an 18% share of total imports. It was followed by the Czech Republic, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia amounted to -1.8%. The remaining importing countries recorded the following average annual rates of imports growth: Poland (+10.1% per year) and the Czech Republic (+6.6% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2022, flattening at the previous year. Overall, the import price, however, recorded a deep setback. The pace of growth was the most pronounced in 2013 when the import price increased by 5.8% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices remained at a somewhat lower figure.

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 Russia ($X per unit), while Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (-0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform