Slovakia: Market for Base Metal Flexible Tubing, Iron Or Steel 2025

Market Size for Base Metal Flexible Tubing, Iron Or Steel in Slovakia

In 2021, the Slovak base metal flexible tubing market increased by 28% to $X for the first time since 2016, thus ending a four-year declining trend. Over the period under review, consumption showed a slight increase. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Exports of Base Metal Flexible Tubing, Iron Or Steel

Exports from Slovakia

For the third year in a row, Slovakia recorded growth in overseas shipments of base metal flexible tubing, iron or steel, which increased by 52% to X tons in 2021. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 4,523% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, base metal flexible tubing exports skyrocketed to $X in 2021. Overall, exports continue to indicate notable growth. The most prominent rate of growth was recorded in 2013 when exports increased by 343% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The Czech Republic (X tons), Hungary (X tons) and Austria (X kg) were the main destinations of base metal flexible tubing exports from Slovakia, with a combined 96% share of total exports. These countries were followed by France and Italy, which together accounted for a further 1.7%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +17,800.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) remains the key foreign market for base metal flexible tubing, iron or steel exports from Slovakia, comprising 81% of total exports. The second position in the ranking was held by Hungary ($X), with an 11% share of total exports. It was followed by Austria, with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value to the Czech Republic amounted to +1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+48.7% per year) and Austria (+67.3% per year).

Export Prices by Country

In 2021, the average base metal flexible tubing export price amounted to $X per ton, increasing by 22% against the previous year. Over the period under review, the export price, however, saw a precipitous decline. The most prominent rate of growth was recorded in 2018 an increase of 33%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+19.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Base Metal Flexible Tubing, Iron Or Steel

Imports into Slovakia

In 2021, supplies from abroad of base metal flexible tubing, iron or steel was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 111% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, base metal flexible tubing imports skyrocketed to $X in 2021. Over the period under review, imports recorded a measured increase. The pace of growth appeared the most rapid in 2015 when imports increased by 41% against the previous year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

The Czech Republic (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of base metal flexible tubing imports to Slovakia, with a combined 79% share of total imports. These countries were followed by Denmark, Hungary, Poland, China, Turkey and the Netherlands, which together accounted for a further 18%.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +49.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of base metal flexible tubing, iron or steel to Slovakia, comprising 51% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with an 18% share of total imports. It was followed by Denmark, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+7.9% per year) and Denmark (+2.6% per year).

Import Prices by Country

In 2021, the average base metal flexible tubing import price amounted to $X per ton, growing by 4.1% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, base metal flexible tubing import price increased by +139.8% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 78% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+14.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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