Slovakia: Base Metal Hook Market 2024

Base Metal Hook Market Size in Slovakia

In 2022, the Slovak base metal hook market decreased by -12.4% to $X, falling for the second year in a row after three years of growth. In general, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -15.2% against 2020 indices. Base metal hook consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Base Metal Hook Production in Slovakia

In value terms, base metal hook production reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 48% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Base Metal Hook Exports

Exports from Slovakia

In 2022, after three years of growth, there was significant decline in overseas shipments of base metal hooks, eyes and eyelets, when their volume decreased by -33.7% to X tons. Over the period under review, exports showed a noticeable reduction. The growth pace was the most rapid in 2013 with an increase of 61%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, base metal hook exports shrank modestly to $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 59%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Ukraine (X tons) was the main destination for base metal hook exports from Slovakia, with a 33% share of total exports. Moreover, base metal hook exports to Ukraine exceeded the volume sent to the second major destination, Brazil (X tons), twofold. Austria (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ukraine amounted to +9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+169,900.0% per year) and Austria (-16.0% per year).

In value terms, the largest markets for base metal hook exported from Slovakia were Moldova ($X), Austria ($X) and Ukraine ($X), with a combined 51% share of total exports. Brazil, Armenia, Mexico, the Czech Republic, Germany, Romania, the Netherlands, North Macedonia, Russia and Bosnia and Herzegovina lagged somewhat behind, together comprising a further 41%.

Among the main countries of destination, Brazil, with a CAGR of +174,312.5%, 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 hook export price stood at $X per ton in 2022, growing by 43% against the previous year. Overall, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, base metal hook export price increased by +25.0% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Armenia ($X per ton), while the average price for exports to Ukraine ($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 Armenia (+108.7%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Hook Imports

Imports into Slovakia

In 2022, approx. X tons of base metal hooks, eyes and eyelets were imported into Slovakia; waning by -33.5% against the year before. Overall, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 when imports increased by 109%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, base metal hook imports dropped dramatically to $X in 2022. In general, imports, however, showed a tangible increase. The pace of growth appeared the most rapid in 2018 with an increase of 96% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped rapidly in the following year.

Imports by Country

China (X tons), Germany (X tons) and Hungary (X tons) were the main suppliers of base metal hook imports to Slovakia, together comprising 81% of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +40.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Hungary ($X) and China ($X) constituted the largest base metal hook suppliers to Slovakia, with a combined 80% share of total imports.

Hungary, with a CAGR of +40.4%, saw 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 base metal hook import price amounted to $X per ton, increasing by 18% against the previous year. Overall, the import price, however, showed a pronounced descent. The growth pace was the most rapid in 2021 an increase of 23%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Hungary ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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