Eastern Europe: Spades And Shovels Market 2024

Spades And Shovels Market Size in Eastern Europe

The East European spades and shovels market skyrocketed to $X in 2021, with an increase of 28% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Spades And Shovels Production in Eastern Europe

In value terms, spades and shovels production rose significantly to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt curtailment. The growth pace was the most rapid in 2013 when the production volume increased by 38%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Spades And Shovels Exports

Exports in Eastern Europe

In 2021, the amount of spades and shovels exported in Eastern Europe expanded rapidly to X tons, increasing by 8.2% compared with the previous year. Total exports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +1.3% 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 +78.0% against 2016 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 33%. The volume of export peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, spades and shovels exports soared to $X in 2021. Total exports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +109.8% against 2016 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 50%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

Poland was the major exporting country with an export of about X tons, which reached 64% of total exports. Russia (X tons) took an 18% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (7.2%). The following exporters - Slovakia (X tons), Belarus (X tons), Hungary (X tons) and Ukraine (X tons) - together made up 9.1% of total exports.

Exports from Poland increased at an average annual rate of +6.5% from 2012 to 2021. At the same time, Belarus (+33.3%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +33.3% from 2012-2021. Russia and Hungary experienced a relatively flat trend pattern. By contrast, Slovakia (-3.2%), the Czech Republic (-10.2%) and Ukraine (-15.8%) illustrated a downward trend over the same period. Poland (+23 p.p.) and Belarus (+2.6 p.p.) significantly strengthened its position in terms of the total exports, while Russia, Ukraine and the Czech Republic saw its share reduced by -2%, -7% and -14.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest spades and shovels supplier in Eastern Europe, comprising 66% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 13% share of total exports. It was followed by Russia, with an 11% share.

In Poland, spades and shovels exports expanded at an average annual rate of +5.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (-6.5% per year) and Russia (+0.4% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, with an increase of 6.7% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 13%. The level of export peaked in 2021 and is expected to retain growth in years to come.

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 the Czech Republic ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.0%), while the other leaders experienced more modest paces of growth.

Spades And Shovels Imports

Imports in Eastern Europe

Spades and shovels imports soared to X tons in 2021, with an increase of 24% against the previous year's figure. Total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +102.9% against 2016 indices. The pace of growth appeared the most rapid in 2017 with an increase of 49%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, spades and shovels imports surged to $X in 2021. In general, imports saw a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia represented the largest importing country with an import of around X tons, which finished at 42% of total imports. Poland (X tons) took the second position in the ranking, followed by Romania (X tons), the Czech Republic (X tons), Ukraine (X tons) and Hungary (X tons). All these countries together took near 42% share of total imports. Belarus (X tons) held a minor share of total imports.

Russia was also the fastest-growing in terms of the spades and shovels imports, with a CAGR of +13.2% from 2012 to 2021. At the same time, Ukraine (+9.5%), Poland (+9.0%), Belarus (+6.1%), Hungary (+6.0%) and the Czech Republic (+1.3%) displayed positive paces of growth. By contrast, Romania (-1.9%) illustrated a downward trend over the same period. Russia (+18 p.p.), Poland (+2.7 p.p.) and Ukraine (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while the Czech Republic and Romania saw its share reduced by -4.2% and -9.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest spades and shovels importing markets in Eastern Europe were Russia ($X), Poland ($X) and the Czech Republic ($X), with a combined 57% share of total imports.

Poland, with a CAGR of +13.0%, recorded 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 more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, rising by 23% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price reached 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 2021, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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