Eastern Europe: Market for Continuous-Action Elevators And Conveyors 2024

Market Size for Continuous-Action Elevators And Conveyors in Eastern Europe

The East European continuous-action elevators and conveyors market surged to $X in 2023, rising by X% against the previous year. Overall, consumption, however, saw a perceptible downturn. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Production of Continuous-Action Elevators And Conveyors in Eastern Europe

In value terms, continuous-action elevators and conveyors production skyrocketed to $X in 2023 estimated in export price. Overall, production, however, enjoyed temperate growth. The level of production peaked at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Exports of Continuous-Action Elevators And Conveyors

Exports in Eastern Europe

In 2023, after six years of growth, there was significant decline in overseas shipments of continuous-action elevators and conveyors, when their volume decreased by X% to X units. Over the period under review, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of export peaked at X units in 2022, and then contracted in the following year.

In value terms, continuous-action elevators and conveyors exports amounted to $X in 2023. Overall, exports, however, saw resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked in 2023 and is likely to continue growth in the near future.

Exports by Country

Poland (X units) and the Czech Republic (X units) represented roughly X% of total exports in 2023. Hungary (X units) took the next position in the ranking, followed by Estonia (X units), Romania (X units) and Russia (X units). All these countries together held approx. X% share of total exports. Latvia (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Latvia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Hungary ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Romania, Estonia, Latvia and Russia lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2023, growing by X% against the previous year. Over the period under review, the export price, however, showed a perceptible decline. The growth pace was the most rapid in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.

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

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

Imports of Continuous-Action Elevators And Conveyors

Imports in Eastern Europe

In 2023, overseas purchases of continuous-action elevators and conveyors increased by X% to X units, rising for the seventh consecutive year after four years of decline. Overall, imports recorded a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, continuous-action elevators and conveyors imports amounted to $X in 2023. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by X%. The level of import peaked at $X in 2013; afterwards, it flattened through to 2023.

Imports by Country

Russia represented the key importing country with an import of about X units, which amounted to X% of total imports. Poland (X units) ranks second in terms of the total imports with a X% share, followed by Romania (X%), the Czech Republic (X%) and Hungary (X%). The following importers - Bulgaria (X units) and Belarus (X units) - each finished at a X% share of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of continuous-action elevators and conveyors. At the same time, Romania (X%), Hungary (X%), Poland (X%), Bulgaria (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Belarus (X%) illustrated a downward trend over the same period. Poland (X p.p.), Romania (X p.p.), Hungary (X p.p.), the Czech Republic (X p.p.) and Bulgaria (X p.p.) significantly strengthened its position in terms of the total imports, while Belarus and Russia saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, the largest continuous-action elevators and conveyors importing markets in Eastern Europe were Russia ($X), Poland ($X) and the Czech Republic ($X), with a combined X% share of total imports. Hungary, Romania, Belarus and Bulgaria lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Hungary, 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

The import price in Eastern Europe stood at $X per unit in 2023, reducing by X% against the previous year. In general, the import price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2023, the import prices remained at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belarus (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform