Eastern Europe: Timer Market 2025

Timer Market Size in Eastern Europe

In 2022, the East European timer market increased by 5.3% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a deep contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Timer Production in Eastern Europe

In value terms, timer production reduced remarkably to $X in 2022 estimated in export price. Overall, production recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when the production volume increased by 87% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Timer Exports

Exports in Eastern Europe

In 2022, the amount of timers exported in Eastern Europe surged to X units, increasing by 62% compared with 2021 figures. Over the period under review, exports recorded a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of 478% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, timer exports soared to $X in 2022. Overall, exports posted a resilient increase. The most prominent rate of growth was recorded in 2016 when exports increased by 322% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland was the largest exporting country with an export of about X units, which accounted for 76% of total exports. The Czech Republic (X units) held the second position in the ranking, followed by Lithuania (X units). All these countries together took approx. 20% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to timer exports from Poland stood at +27.0%. At the same time, Lithuania (+72.2%) and the Czech Republic (+6.1%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +72.2% from 2012-2022. While the share of Poland (+38 p.p.) and Lithuania (+6.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Czech Republic (-26.1 p.p.) displayed negative dynamics.

In value terms, Poland ($X) remains the largest timer supplier in Eastern Europe, comprising 36% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 6.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Poland amounted to +30.7%. In the other countries, the average annual rates were as follows: the Czech Republic (-13.3% per year) and Lithuania (+27.8% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per unit, dropping by -19.1% against the previous year. Over the period under review, the export price recorded a deep reduction. The growth pace was the most rapid in 2016 an increase of 371% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 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 ($X per unit), while Lithuania ($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 (+3.0%), while the other leaders experienced a decline in the export price figures.

Timer Imports

Imports in Eastern Europe

In 2022, the amount of timers imported in Eastern Europe skyrocketed to X units, increasing by 39% on 2021. Overall, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2014 when imports increased by 166%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, timer imports surged to $X in 2022. Over the period under review, imports saw prominent growth. The growth pace was the most rapid in 2014 when imports increased by 129%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Poland (X units) and Estonia (X units) were the key importers of timers in 2022, resulting at near 35% and 28% of total imports, respectively. Hungary (X units) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by Romania (12%) and the Czech Republic (4.7%). The following importers - Russia (X units) and Bulgaria (X units) - together made up 4.3% of total imports.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +58.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Estonia ($X) and Romania ($X) constituted the countries with the highest levels of imports in 2022, with a combined 84% share of total imports.

Estonia, with a CAGR of +45.8%, saw the highest rates of growth with regard to 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

In 2022, the import price in Eastern Europe amounted to $X per unit, growing by 3% against the previous year. Over the period under review, the import price, however, continues to indicate a mild slump. The pace of growth appeared the most rapid in 2019 when the import price increased by 102% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 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 ($X per unit), while Hungary ($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 (+15.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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