Slovakia: Gravimetric Filling Machine Market 2024

Gravimetric Filling Machine Market Size in Slovakia

After four years of growth, the Slovak gravimetric filling machine market decreased by -71.1% to $X in 2022. In general, consumption, however, showed a significant increase. Over the period under review, the market hit record highs at $X in 2021, and then fell dramatically in the following year.

Gravimetric Filling Machine Production in Slovakia

In value terms, gravimetric filling machine production soared to $X in 2022 estimated in export price. In general, production showed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 203%. Gravimetric filling machine production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Gravimetric Filling Machine Exports

Exports from Slovakia

In 2022, after six years of growth, there was significant decline in overseas shipments of automatic gravimetric filling machines, when their volume decreased by -79.6% to X units. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 4,200% against the previous year. The exports peaked at X units in 2021, and then declined dramatically in the following year.

In value terms, gravimetric filling machine exports shrank sharply to $X in 2022. In general, exports, however, saw a significant expansion. The growth pace was the most rapid in 2013 with an increase of 2,430% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X units), Norway (X units) and Romania (X units) were the main destinations of gravimetric filling machine exports from Slovakia, together accounting for 45% 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 Romania (with a CAGR of +128.9%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) remains the key foreign market for automatic gravimetric filling machines exports from Slovakia, comprising 25% of total exports. The second position in the ranking was held by Russia ($X), with an 11% share of total exports. It was followed by Norway, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain stood at +1,646.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+40.2% per year) and Norway (+63.9% per year).

Export Prices by Country

The average gravimetric filling machine export price stood at $X per unit in 2022, surging by 255% against the previous year. Overall, the export price enjoyed a resilient increase. The pace of growth appeared the most rapid in 2014 an increase of 552%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Italy ($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 Spain (+688.9%), while the prices for the other major destinations experienced more modest paces of growth.

Gravimetric Filling Machine Imports

Imports into Slovakia

In 2022, the amount of automatic gravimetric filling machines imported into Slovakia reduced remarkably to X units, which is down by -89.8% against the year before. Overall, imports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of 392%. Imports peaked at X units in 2021, and then contracted significantly in the following year.

In value terms, gravimetric filling machine imports shrank dramatically to $X in 2022. Over the period under review, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 584%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest gravimetric filling machine supplier to Slovakia, accounting for a 70% share of total imports. Moreover, gravimetric filling machine imports from China exceeded the figures recorded by the second-largest supplier, Ukraine (X units), ninefold. The Czech Republic (X units) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+116.9% per year) and the Czech Republic (+16.2% per year).

In value terms, the largest gravimetric filling machine suppliers to Slovakia were the Czech Republic ($X), Switzerland ($X) and China ($X), together accounting for 66% of total imports. Germany, Ukraine and the UK lagged somewhat behind, together comprising a further 28%.

Ukraine, with a CAGR of +75.4%, recorded the highest rates of growth with regard to 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 gravimetric filling machine import price amounted to $X per unit, surging by 311% against the previous year. Overall, the import price, however, continues to indicate a dramatic downturn. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+30.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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