Slovakia: Market for Articles Of Iron Or Steel 2025

Market Size for Articles Of Iron Or Steel in Slovakia

In 2022, the Slovak steel and iron articles market decreased by -17.3% to $X, falling for the fourth consecutive year after two years of growth. Over the period under review, consumption continues to indicate a perceptible reduction. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Articles Of Iron Or Steel in Slovakia

In value terms, steel and iron articles production expanded markedly to $X in 2022 estimated in export price. Overall, the total production indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +44.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Articles Of Iron Or Steel

Exports from Slovakia

In 2022, steel and iron articles exports from Slovakia reached X tons, increasing by 3.1% compared with the previous year. The total export volume increased at an average annual rate of +5.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 28%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, steel and iron articles exports soared to $X in 2022. In general, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.3% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), Austria (X tons) and the Czech Republic (X tons) were the main destinations of steel and iron articles exports from Slovakia, together comprising 62% of total exports. Hungary, Poland, France, Belgium, Italy, Croatia and the Netherlands lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +15.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for steel and iron articles exported from Slovakia were Germany ($X), Austria ($X) and the Czech Republic ($X), with a combined 64% share of total exports. Hungary, France, Poland, Belgium, Italy, the Netherlands and Croatia lagged somewhat behind, together comprising a further 25%.

In terms of the main countries of destination, Croatia, with a CAGR of +19.1%, 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

The average steel and iron articles export price stood at $X per ton in 2022, growing by 26% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Poland ($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 the Netherlands (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Iron Or Steel

Imports into Slovakia

In 2022, purchases abroad of articles of iron or steel decreased by -4.9% to X tons, falling for the fourth consecutive year after two years of growth. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by 23%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, steel and iron articles imports dropped modestly to $X in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), Poland (X tons) and Austria (X tons) were the main suppliers of steel and iron articles imports to Slovakia, with a combined 54% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +19.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of articles of iron or steel to Slovakia, comprising 26% of total imports. The second position in the ranking was held by the Czech Republic ($X), with an 11% share of total imports. It was followed by Italy, with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+1.7% per year) and Italy (+0.3% per year).

Import Prices by Country

In 2022, the average steel and iron articles import price amounted to $X per ton, surging by 4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2021 an increase of 26% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 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 China ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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