Eastern Europe: Thermoforming Machine Market 2024

Thermoforming Machine Market Size in Eastern Europe

In 2023, after two years of growth, there was significant decline in the East European thermoforming machine market, when its value decreased by X% to $X. Over the period under review, consumption recorded a perceptible slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Thermoforming Machine Production in Eastern Europe

In value terms, thermoforming machine production expanded remarkably to $X in 2023 estimated in export price. In general, production saw a measured increase. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2023, production remained at a lower figure.

Thermoforming Machine Exports

Exports in Eastern Europe

In 2023, the amount of thermoforming machines for working rubber or plastics exported in Eastern Europe skyrocketed to X units, jumping by X% against 2022. Overall, exports showed a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, thermoforming machine exports surged to $X in 2023. Over the period under review, exports, however, continue to indicate a mild descent. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

The Czech Republic represented the major exporting country with an export of around X units, which accounted for X% of total exports. It was distantly followed by Poland (X units), Romania (X units) and Slovakia (X units), together mixing up a X% share of total exports. The following exporters - Hungary (X units) and Bulgaria (X units) - each reached a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to thermoforming machine exports from the Czech Republic stood at X%. At the same time, Romania (X%), Poland (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. By contrast, Bulgaria (X%) and Hungary (X%) illustrated a downward trend over the same period. Poland (X p.p.) and Romania (X p.p.) significantly strengthened its position in terms of the total exports, while Slovakia, Bulgaria and Hungary saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest thermoforming machine supplying countries in Eastern Europe were Romania ($X), Poland ($X) and the Czech Republic ($X), together comprising X% of total exports.

Romania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

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, saw a deep downturn. The pace of growth appeared the most rapid in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

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

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

Thermoforming Machine Imports

Imports in Eastern Europe

After two years of growth, purchases abroad of thermoforming machines for working rubber or plastics decreased by X% to X units in 2023. Overall, imports saw a deep reduction. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, thermoforming machine imports reduced to $X in 2023. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Russia represented the major importing country with an import of about X units, which amounted to X% of total imports. The Czech Republic (X units) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Poland (X%), Bulgaria (X%) and Hungary (X%). Romania (X units) and Ukraine (X units) held a relatively small share of total imports.

Imports into Russia decreased at an average annual rate of X% from 2012 to 2023. At the same time, Ukraine (X%), Hungary (X%), Bulgaria (X%), the Czech Republic (X%), Poland (X%) and Romania (X%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. While the share of the Czech Republic (X p.p.), Poland (X p.p.), Bulgaria (X p.p.), Hungary (X p.p.), Romania (X p.p.) and Ukraine (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Russia (X p.p.) displayed negative dynamics.

In value terms, the largest thermoforming machine importing markets in Eastern Europe were Russia ($X), Poland ($X) and Hungary ($X), with a combined X% share of total imports. The Czech Republic, Romania, Ukraine and Bulgaria lagged somewhat behind, together comprising a further X%.

Ukraine, with a CAGR of X%, 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 2023, the import price in Eastern Europe amounted to $X per unit, picking up by X% against the previous year. Overall, the import price continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2023, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hungary ($X per unit), while Romania ($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 import price figures.

Source: IndexBox Platform