Eastern Europe: Non-Propelled Vehicle Market 2024

Non-Propelled Vehicle Market Size in Eastern Europe

The East European non-propelled vehicle market soared to $X in 2023, with an increase of X% against the previous year. In general, consumption, however, saw a perceptible descent. As a result, consumption attained the peak level of $X. From 2015 to 2023, the growth of the market remained at a lower figure.

Non-Propelled Vehicle Production in Eastern Europe

In value terms, non-propelled vehicle production rose remarkably to $X in 2023 estimated in export price. In general, production, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2023, production growth remained at a lower figure.

Non-Propelled Vehicle Exports

Exports in Eastern Europe

In 2023, the amount of vehicles not mechanically propelled exported in Eastern Europe dropped to X units, with a decrease of X% against the previous year. In general, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports reached the peak of X units. From 2019 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, non-propelled vehicle exports totaled $X in 2023. Total exports indicated a perceptible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2023 and are expected to retain growth in the near future.

Exports by Country

In 2023, Poland (X units) was the largest exporter of vehicles not mechanically propelled, constituting X% of total exports. The Czech Republic (X units) ranks second in terms of the total exports with a X% share, followed by Romania (X%), Russia (X%) and Lithuania (X%). The following exporters - Bulgaria (X units) and Slovakia (X units) - together made up X% of total exports.

Exports from Poland increased at an average annual rate of X% from 2012 to 2023. At the same time, Romania (X%), Bulgaria (X%), the Czech Republic (X%), Lithuania (X%), Russia (X%) and Slovakia (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. Poland (X p.p.) and Romania (X p.p.) significantly strengthened its position in terms of the total exports, while Russia and Slovakia saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest non-propelled vehicle supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

In Poland, non-propelled vehicle exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: the Czech Republic (X% per year) and Russia (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per unit, picking up by X% against the previous year. Overall, the export price, however, showed a pronounced curtailment. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Slovakia ($X per unit), while Lithuania ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced mixed trends in the export price figures.

Non-Propelled Vehicle Imports

Imports in Eastern Europe

In 2023, purchases abroad of vehicles not mechanically propelled increased by X% to X units for the first time since 2020, thus ending a two-year declining trend. Total imports indicated a noticeable expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in years to come.

In value terms, non-propelled vehicle imports soared to $X in 2023. Total imports indicated notable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Imports by Country

Russia represented the major importing country with an import of about X units, which recorded X% of total imports. Poland (X units) ranks second in terms of the total imports with a X% share, followed by Romania (X%) and the Czech Republic (X%). Lithuania (X units), Ukraine (X units), Belarus (X units), Bulgaria (X units), Hungary (X units) and Slovakia (X units) held a little share of total imports.

Imports into Russia increased at an average annual rate of X% from 2012 to 2023. At the same time, Bulgaria (X%), Belarus (X%), Poland (X%), Romania (X%), Slovakia (X%), the Czech Republic (X%) and Lithuania (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Hungary (X%) and Ukraine (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Poland, the Czech Republic, Lithuania, Bulgaria, Hungary, Belarus and Slovakia increased by X, X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Poland ($X) and Romania ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports. The Czech Republic, Ukraine, Hungary, Lithuania, Bulgaria, Slovakia and Belarus lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Lithuania, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2023, the import price in Eastern Europe amounted to $X per unit, reducing by X% against the previous year. Overall, the import price continues to indicate a mild descent. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Hungary ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform