Slovakia: Agricultural Forestry Machinery Market 2024

Agricultural Forestry Machinery Market Size in Slovakia

The Slovak agricultural forestry machinery market soared to $X in 2022, growing by 276% against the previous year. Overall, consumption, however, continues to indicate a perceptible decrease. Agricultural forestry machinery consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Agricultural Forestry Machinery Production in Slovakia

In value terms, agricultural forestry machinery production fell to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of 49% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Agricultural Forestry Machinery Exports

Exports from Slovakia

In 2022, overseas shipments of agricultural forestry machinery (lawn or sportsground rollers) decreased by -17.2% to X units, falling for the second consecutive year after four years of growth. Over the period under review, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 147%. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, agricultural forestry machinery exports plummeted to $X in 2022. Overall, exports faced a abrupt contraction. The pace of growth was the most pronounced in 2019 with an increase of 125%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X units), Austria (X units) and Serbia (X units) were the main destinations of agricultural forestry machinery exports from Slovakia, with a combined 86% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +70.5%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Austria ($X) and Russia ($X) were the largest markets for agricultural forestry machinery exported from Slovakia worldwide, with a combined 92% share of total exports.

In terms of the main countries of destination, Austria, with a CAGR of +69.8%, recorded the highest growth rate of 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

In 2022, the average agricultural forestry machinery export price amounted to $X per unit, approximately reflecting the previous year. In general, the export price, however, saw a deep slump. The growth pace was the most rapid in 2019 an increase of 37% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Serbia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+5.7%), while the prices for the other major destinations experienced a decline.

Agricultural Forestry Machinery Imports

Imports into Slovakia

In 2022, agricultural forestry machinery imports into Slovakia surged to X units, picking up by 140% on the previous year's figure. Over the period under review, imports showed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, agricultural forestry machinery imports skyrocketed to $X in 2022. Overall, imports enjoyed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X units), Germany (X units) and the Czech Republic (X units) were the main suppliers of agricultural forestry machinery imports to Slovakia, together comprising 19% of total imports. These countries were followed by the Netherlands, Hungary, China, Denmark, Poland, Italy and Sweden, which together accounted for a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +55.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest agricultural forestry machinery suppliers to Slovakia were France ($X), Germany ($X) and the Netherlands ($X), with a combined 22% share of total imports. These countries were followed by the Czech Republic, Denmark, Hungary, China, Italy, Poland and Sweden, which together accounted for a further 11%.

Among the main suppliers, Denmark, with a CAGR of +81.8%, 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 average agricultural forestry machinery import price stood at $X per unit in 2022, with an increase of 11% against the previous year. Overall, the import price, however, recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2018 an increase of 19% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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