Eastern Europe: Market for Hydraulic Cylinders And Systems 2024

Market Size for Hydraulic Cylinders And Systems in Eastern Europe

The East European hydraulic cylinder and system market reached $X in 2023, picking up by X% against the previous year. The total consumption indicated a notable 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, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2023.

Production of Hydraulic Cylinders And Systems in Eastern Europe

In value terms, hydraulic cylinder and system production rose to $X in 2023 estimated in export price. The total production indicated a measured expansion 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, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X; afterwards, it flattened through to 2023.

Exports of Hydraulic Cylinders And Systems

Exports in Eastern Europe

In 2023, approx. X units of hydraulic cylinders and systems were exported in Eastern Europe; waning by X% against 2022 figures. Total exports indicated resilient growth from 2012 to 2023: its volume 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 decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, hydraulic cylinder and system exports rose sharply to $X in 2023. Total exports indicated a strong expansion 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2023 and are likely to continue growth in the immediate term.

Exports by Country

Bulgaria represented the main exporter of hydraulic cylinders and systems in Eastern Europe, with the volume of exports accounting for X units, which was approx. X% of total exports in 2023. Russia (X units) took the second position in the ranking, followed by Poland (X units), Romania (X units) and Belarus (X units). All these countries together held approx. X% share of total exports. The Czech Republic (X units) and Slovakia (X units) followed a long way behind the leaders.

Exports from Bulgaria increased at an average annual rate of X% from 2012 to 2023. At the same time, Romania (X%), Russia (X%), Slovakia (X%), Poland (X%) and the Czech Republic (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. Belarus experienced a relatively flat trend pattern. From 2012 to 2023, the share of Russia, Romania and Poland increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bulgaria ($X) remains the largest hydraulic cylinder and system supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports. It was followed by the Czech Republic, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Bulgaria totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2023, increasing by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X%. The level of export peaked at $X per unit in 2014; however, from 2015 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 the Czech Republic ($X per unit), while Russia ($X per unit) was amongst the lowest.

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

Imports of Hydraulic Cylinders And Systems

Imports in Eastern Europe

Hydraulic cylinder and system imports expanded notably to X units in 2023, surging by X% on the previous year's figure. In general, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, hydraulic cylinder and system imports expanded remarkably to $X in 2023. Total imports indicated a resilient expansion 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, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2016 when imports increased by X%. The level of import peaked in 2023 and is likely to see gradual growth in the immediate term.

Imports by Country

Russia represented the largest importer of hydraulic cylinders and systems in Eastern Europe, with the volume of imports resulting at X units, which was approx. X% of total imports in 2023. Poland (X units) took the second position in the ranking, followed by the Czech Republic (X units). All these countries together took approx. X% share of total imports. Belarus (X units), Ukraine (X units), Romania (X units) and Hungary (X units) took a relatively small share of total imports.

Imports into Russia increased at an average annual rate of X% from 2012 to 2023. At the same time, Poland (X%), the Czech Republic (X%), Romania (X%), Hungary (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. Ukraine experienced a relatively flat trend pattern. While the share of Poland (X p.p.) and the Czech Republic (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Belarus (X p.p.) and Ukraine (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported hydraulic cylinders and systems in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Russia totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Poland (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price, however, recorded a pronounced shrinkage. The level of import peaked at $X per unit in 2014; however, from 2015 to 2023, 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 ($X per unit), while Russia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform