Eastern Europe: Vacuum Vessel Market 2024

Vacuum Vessel Market Size in Eastern Europe

In 2022, the East European vacuum vessel market increased by 0.4% to $X, rising for the seventh year in a row after three years of decline. In general, consumption, however, saw buoyant growth. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Vacuum Vessel Production in Eastern Europe

In value terms, vacuum vessel production surged to $X in 2022 estimated in export price. Over the period under review, production, however, showed a noticeable expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 136%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Vacuum Vessel Exports

Exports in Eastern Europe

In 2022, exports of vacuum vessels in Eastern Europe rose sharply to X units, surging by 12% compared with the previous year. Over the period under review, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of 44% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, vacuum vessel exports expanded markedly to $X in 2022. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2019 with an increase of 61%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

In 2022, Poland (X units) represented the key exporter of vacuum vessels, committing 44% of total exports. The Czech Republic (X units) took a 20% share (based on physical terms) of total exports, which put it in second place, followed by Hungary (9.6%), Romania (9.4%) and Belarus (7.2%). Russia (X units) and Slovakia (X units) followed a long way behind the leaders.

Exports from Poland increased at an average annual rate of +26.0% from 2012 to 2022. At the same time, Romania (+77.5%), Belarus (+69.5%), Hungary (+22.5%), Slovakia (+8.5%) and Russia (+6.8%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +77.5% from 2012-2022. By contrast, the Czech Republic (-1.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland, Romania, Belarus and Hungary increased by +31, +9.3, +7.1 and +6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest vacuum vessel supplier in Eastern Europe, comprising 50% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 17% share of total exports. It was followed by Romania, with a 15% share.

In Poland, vacuum vessel exports increased at an average annual rate of +35.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (+10.5% per year) and Romania (+93.3% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per unit, waning by -5% against the previous year. Over the period under review, the export price, however, saw strong growth. The pace of growth was the most pronounced in 2020 an increase of 26% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2021, and then reduced in the following year.

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 Romania ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+11.8%), while the other leaders experienced more modest paces of growth.

Vacuum Vessel Imports

Imports in Eastern Europe

In 2022, supplies from abroad of vacuum vessels increased by 1.2% to X units, rising for the second year in a row after two years of decline. Overall, imports posted prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 33%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, vacuum vessel imports stood at $X in 2022. Over the period under review, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 55% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Russia (X units) and Poland (X units) represented the main importers of vacuum vessels in Eastern Europe, together accounting for near 61% of total imports. The Czech Republic (X units) held an 8.7% share (based on physical terms) of total imports, which put it in second place, followed by Romania (8.3%), Hungary (6.6%) and Ukraine (5.4%). Belarus (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +21.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vacuum vessel importing markets in Eastern Europe were Poland ($X), Russia ($X) and the Czech Republic ($X), together accounting for 69% of total imports. Romania, Hungary, Ukraine and Belarus lagged somewhat behind, together accounting for a further 21%.

In terms of the main importing countries, Romania, with a CAGR of +27.8%, recorded the highest growth rate of 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

The import price in Eastern Europe stood at $X per unit in 2022, picking up by 1.7% against the previous year. Import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vacuum vessel import price increased by +89.5% against 2014 indices. The pace of growth was the most pronounced in 2021 when the import price increased by 17% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+8.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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