Slovakia: Aluminium Alloy Wire Market 2024

Aluminium Alloy Wire Market Size in Slovakia

The Slovak aluminium alloy wire market skyrocketed to $X in 2022, rising by 24% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a abrupt downturn. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Aluminium Alloy Wire Exports

Exports from Slovakia

In 2022, shipments abroad of aluminium alloy wire was finally on the rise to reach X tons after two years of decline. Overall, exports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2015 with an increase of 1,143% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, aluminium alloy wire exports surged to $X in 2022. Over the period under review, exports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2015 with an increase of 1,069%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for aluminium alloy wire exports from Slovakia, with a 84% share of total exports. Moreover, aluminium alloy wire exports to the Czech Republic exceeded the volume sent to the second major destination, Poland (X tons), more than tenfold. The third position in this ranking was held by Montenegro (X tons), with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic amounted to +32.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-6.5% per year) and Montenegro (0.0% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for aluminium alloy wire exports from Slovakia, comprising 64% of total exports. The second position in the ranking was held by Poland ($X), with a 16% share of total exports. It was followed by Montenegro, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic totaled +24.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-6.4% per year) and Montenegro (0.0% per year).

Export Prices by Country

The average aluminium alloy wire export price stood at $X per ton in 2022, growing by 43% against the previous year. Over the period under review, the export price, however, recorded a drastic downturn. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+98.6%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Alloy Wire Imports

Imports into Slovakia

In 2022, approx. X tons of aluminium alloy wire were imported into Slovakia; shrinking by -10% against the year before. Overall, imports recorded a deep contraction. The growth pace was the most rapid in 2015 when imports increased by 177% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, aluminium alloy wire imports surged to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 153%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Hungary (X tons), Spain (X tons) and Poland (X tons) were the main suppliers of aluminium alloy wire imports to Slovakia, together comprising 47% of total imports. The Czech Republic, Romania, Italy and Turkey lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +468.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Hungary ($X) and Poland ($X) appeared to be the largest aluminium alloy wire suppliers to Slovakia, with a combined 50% share of total imports. The Czech Republic, Italy, Turkey and Romania lagged somewhat behind, together comprising a further 20%.

Turkey, with a CAGR of +568.8%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average aluminium alloy wire import price amounted to $X per ton, rising by 104% against the previous year. Overall, the import price continues to indicate resilient growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform