Slovakia: Base Metal Hinge Market 2024

Base Metal Hinge Market Size in Slovakia

The Slovak base metal hinge market surged to $X in 2021, growing by 99.9% against the previous year. Overall, consumption recorded a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Base Metal Hinge Production in Slovakia

In value terms, base metal hinge production skyrocketed to $X in 2021 estimated in export price. In general, production, however, saw a slight downturn. Base metal hinge production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Base Metal Hinge Exports

Exports from Slovakia

In 2021, overseas shipments of base metal hinges decreased by -8% to X tons, falling for the fourth consecutive year after six years of growth. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 20%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, base metal hinge exports rose markedly to $X in 2021. Overall, total exports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +9.5% against 2019 indices. The pace of growth was the most pronounced in 2014 when exports increased by 23% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Poland (X tons), Germany (X tons) and Italy (X tons) were the main destinations of base metal hinge exports from Slovakia, together accounting for 68% of total exports. These countries were followed by Lithuania, Romania, Belarus, France and the Czech Republic, which together accounted for a further 21%.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +44.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for base metal hinge exported from Slovakia were Poland ($X), Germany ($X) and Italy ($X), together comprising 63% of total exports. These countries were followed by Lithuania, France, Romania, Belarus and the Czech Republic, which together accounted for a further 25%.

Among the main countries of destination, Belarus, with a CAGR of +42.2%, saw the highest rates of growth with regard to 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 base metal hinge export price stood at $X per ton in 2021, growing by 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. As a result, the export price attained 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 2021, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Germany ($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 Germany (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Hinge Imports

Imports into Slovakia

After four years of decline, supplies from abroad of base metal hinges increased by 16% to X tons in 2021. Over the period under review, total imports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 65% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, base metal hinge imports skyrocketed to $X in 2021. Overall, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Czech Republic (X tons), South Korea (X tons) and Germany (X tons) were the main suppliers of base metal hinge imports to Slovakia, together comprising 54% of total imports. These countries were followed by Poland, China, Italy, Slovenia and Austria, which together accounted for a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +54.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest base metal hinge suppliers to Slovakia were the Czech Republic ($X), Germany ($X) and South Korea ($X), with a combined 58% share of total imports. Poland, Austria, Slovenia, Italy and China lagged somewhat behind, together comprising a further 36%.

Among the main suppliers, Poland, with a CAGR of +41.6%, saw the highest growth rate of 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

In 2021, the average base metal hinge import price amounted to $X per ton, growing by 42% against the previous year. Overall, import price indicated a measured expansion 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 hinge import price increased by +32.1% against 2017 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 56%. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for South Korea ($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 Czech Republic (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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