Eastern Europe: Gear Cutting Machine Market 2024

Gear Cutting Machine Market Size in Eastern Europe

The East European gear cutting machine market surged to $X in 2023, picking up by X% against the previous year. Over the period under review, consumption enjoyed a modest increase. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Gear Cutting Machine Production in Eastern Europe

In value terms, gear cutting machine production declined to $X in 2023 estimated in export price. In general, production showed a perceptible setback. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2023, production growth failed to regain momentum.

Gear Cutting Machine Exports

Exports in Eastern Europe

In 2023, gear cutting machine exports in Eastern Europe skyrocketed to X units, jumping by X% compared with 2022. Over the period under review, exports showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, gear cutting machine exports amounted to $X in 2023. Overall, exports, however, recorded a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Slovakia was the major exporting country with an export of about X units, which recorded X% of total exports. Bulgaria (X units) took the second position in the ranking, distantly followed by Poland (X units) and Russia (X units). All these countries together held near X% share of total exports. Ukraine (X units), Romania (X units) and Belarus (X units) took a relatively small share of total exports.

Slovakia was also the fastest-growing in terms of the gear cutting, gear grinding or gear finishing machines exports, with a CAGR of X% from 2012 to 2023. At the same time, Bulgaria (X%) and Poland (X%) displayed positive paces of growth. Romania experienced a relatively flat trend pattern. By contrast, Belarus (X%), Ukraine (X%) and Russia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Slovakia, Bulgaria 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, Russia ($X), Romania ($X) and Poland ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Belarus, Slovakia, Bulgaria and Ukraine lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Slovakia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2023, which is down by X% against the previous year. Over the period under review, the export price saw a abrupt curtailment. The pace of growth was the most pronounced in 2014 when the export price increased by X% against the previous year. The level of export peaked 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 ($X per unit), while Slovakia ($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 mixed trends in the export price figures.

Gear Cutting Machine Imports

Imports in Eastern Europe

In 2023, after three years of decline, there was significant growth in overseas purchases of gear cutting, gear grinding or gear finishing machines, when their volume increased by X% to X units. Overall, imports, however, continue to indicate a abrupt setback. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, gear cutting machine imports skyrocketed to $X in 2023. Over the period under review, imports, however, recorded a deep slump. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the four major importers of gear cutting, gear grinding or gear finishing machines, namely Belarus, Slovakia, Russia and Poland, represented more than two-thirds of total import. Bulgaria (X units) and Romania (X units) held a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Slovakia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported gear cutting, gear grinding or gear finishing machines in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Slovakia ($X), with an X% share of total imports. It was followed by Poland, with a X% share.

In Russia, gear cutting machine imports contracted by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Slovakia (X% per year) and Poland (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a mild decrease. The growth pace was the most rapid in 2016 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2017 to 2023, the import prices failed to regain momentum.

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 Russia ($X per unit), while Bulgaria ($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