Eastern Europe: Vacuum Pump Market 2024

Vacuum Pump Market Size in Eastern Europe

The East European vacuum pump market declined to $X in 2022, with a decrease of -9.8% against the previous year. Over the period under review, consumption recorded a deep setback. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Vacuum Pump Production in Eastern Europe

In value terms, vacuum pump production expanded significantly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a deep setback. The pace of growth appeared the most rapid in 2013 with an increase of 75% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Vacuum Pump Exports

Exports in Eastern Europe

In 2022, exports of vacuum pumps in Eastern Europe skyrocketed to X units, increasing by 15% compared with the previous year. Overall, exports enjoyed prominent growth. The pace of growth was the most pronounced in 2018 when exports increased by 41%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, vacuum pump exports rose modestly to $X in 2022. The total export value increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when exports increased by 18% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, the Czech Republic (X units), distantly followed by Hungary (X units), Bulgaria (X units), Romania (X units) and Poland (X units) were the major exporters of vacuum pumps, together constituting 95% of total exports. The following exporters - Belarus (X units) and Russia (X units) - each resulted at a 3.5% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +73.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) remains the largest vacuum pump supplier in Eastern Europe, comprising 70% of total exports. The second position in the ranking was held by Romania ($X), with a 6.8% share of total exports. It was followed by Hungary, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Czech Republic amounted to +2.9%. In the other countries, the average annual rates were as follows: Romania (+10.5% per year) and Hungary (+11.8% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per unit, shrinking by -9.2% against the previous year. Overall, the export price recorded a abrupt decrease. The pace of growth was the most pronounced in 2020 an increase of 55%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 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 Russia ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+1.7%), while the other leaders experienced a decline in the export price figures.

Vacuum Pump Imports

Imports in Eastern Europe

In 2022, imports of vacuum pumps in Eastern Europe declined to X units, reducing by -13.5% on the previous year's figure. Total imports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.0% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of 40% against the previous year. As a result, imports attained the peak of X units, and then contracted in the following year.

In value terms, vacuum pump imports declined to $X in 2022. The total import value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 46%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Poland (X units) and Hungary (X units) were the main importers of vacuum pumps in 2022, amounting to near 27% and 25% of total imports, respectively. It was distantly followed by Slovakia (X units), Russia (X units), the Czech Republic (X units) and Romania (X units), together generating a 42% share of total imports. Bulgaria (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bulgaria (with a CAGR of +13.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), the Czech Republic ($X) and Poland ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 66% of total imports. Hungary, Slovakia, Romania and Bulgaria lagged somewhat behind, together comprising a further 26%.

Romania, with a CAGR of +9.5%, 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, picking up by 7.6% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the import price increased by 30%. The level of import peaked at $X per unit in 2017; however, from 2018 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 the Czech Republic (+10.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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