Eastern Europe: Threaded Metal Articles Market 2024

Threaded Metal Articles Market Size in Eastern Europe

After seven years of growth, the East European threaded metal articles market decreased by X% to $X in 2023. In general, consumption, however, continues to indicate strong growth. Over the period under review, the market reached the maximum level at $X in 2022, and then contracted in the following year.

Threaded Metal Articles Production in Eastern Europe

In value terms, threaded metal articles production fell to $X in 2023 estimated in export price. Over the period under review, production, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2022, and then fell in the following year.

Threaded Metal Articles Exports

Exports in Eastern Europe

In 2023, exports of threaded articles of iron or steel in Eastern Europe expanded notably to X tons, increasing by X% compared with the previous year. The total export volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of X tons. From 2015 to 2023, the growth of the exports failed to regain momentum.

In value terms, threaded metal articles exports skyrocketed to $X in 2023. Total exports indicated a buoyant 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%. The level of export peaked in 2023 and is expected to retain growth in years to come.

Exports by Country

In 2023, Poland (X tons), distantly followed by Slovakia (X tons), the Czech Republic (X tons), Bulgaria (X tons), Hungary (X tons) and Russia (X tons) represented the key exporters of threaded articles of iron or steel, together creating X% of total exports. Belarus (X tons) 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 Bulgaria (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 Bulgaria ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Bulgaria, 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 ton, surging by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked in 2023 and is likely to continue growth in the immediate term.

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

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

Threaded Metal Articles Imports

Imports in Eastern Europe

In 2023, approx. X tons of threaded articles of iron or steel were imported in Eastern Europe; almost unchanged from 2022 figures. Total imports indicated a tangible increase 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. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, threaded metal articles imports expanded notably 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-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 2016 indices. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of import peaked in 2023 and is expected to retain growth in the near future.

Imports by Country

In 2023, Russia (X tons) represented the key importer of threaded articles of iron or steel, comprising X% of total imports. It was distantly followed by Poland (X tons), Slovakia (X tons), the Czech Republic (X tons), Hungary (X tons) and Romania (X tons), together comprising a X% share of total imports. Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to threaded metal articles imports into Russia stood at X%. At the same time, Slovakia (X%), Bulgaria (X%), Romania (X%), the Czech Republic (X%) and Hungary (X%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Poland (X%) illustrated a downward trend over the same period. While the share of Slovakia (X p.p.) and Russia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Poland (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In terms of the main importing countries, Slovakia, with a CAGR of X%, saw the highest growth rate of 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 ton in 2023, picking up by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2016 when the import price increased by X%. The level of import peaked in 2023 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bulgaria ($X per ton), while Russia ($X per ton) 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