Slovakia: Wood Bending Machine Market 2024

Wood Bending Machine Market Size in Slovakia

In 2021, the Slovak wood bending machine market increased by 392% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, showed a noticeable slump. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Wood Bending Machine Production in Slovakia

In value terms, wood bending machine production contracted significantly to $X in 2021 estimated in export price. Over the period under review, production showed a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of 334%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Wood Bending Machine Exports

Exports from Slovakia

Wood bending machine exports from Slovakia dropped dramatically to X units in 2021, which is down by -97% compared with 2020 figures. Over the period under review, exports faced a dramatic slump. The most prominent rate of growth was recorded in 2014 with an increase of 14,386% against the previous year. Over the period under review, the exports reached the maximum at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, wood bending machine exports dropped notably to $X in 2021. In general, exports, however, enjoyed tangible growth. The pace of growth was the most pronounced in 2020 when exports increased by 1,891% against the previous year. As a result, the exports reached the peak of $X, and then dropped markedly in the following year.

Exports by Country

Italy (X units), Ukraine (X units) and Romania (X units) were the main destinations of wood bending machine exports from Slovakia, with a combined 47% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +27.5%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) emerged as the key foreign market for bending or assembling machines exports from Slovakia, comprising 52% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 9.5% share of total exports. It was followed by Germany, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Brazil was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-12.6% per year) and Germany (+27.6% per year).

Export Prices by Country

The average wood bending machine export price stood at $X per unit in 2021, increasing by 22% against the previous year. In general, the export price recorded a significant expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 12,171%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to Croatia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+49.9%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Bending Machine Imports

Imports into Slovakia

In 2021, imports of bending or assembling machines into Slovakia dropped to X units, declining by -12.1% against the year before. Overall, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 737% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, wood bending machine imports rose significantly to $X in 2021. Over the period under review, imports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 98%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Poland (X units), the Czech Republic (X units) and Germany (X units) were the main suppliers of wood bending machine imports to Slovakia, together comprising 66% of total imports.

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 +10.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest wood bending machine suppliers to Slovakia were Italy ($X), Poland ($X) and Germany ($X), with a combined 58% share of total imports. These countries were followed by the Czech Republic, Turkey, Austria, Hungary and Switzerland, which together accounted for a further 19%.

Austria, with a CAGR of +86.0%, saw 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 2021, the average wood bending machine import price amounted to $X per unit, jumping by 28% against the previous year. In general, the import price continues to indicate a strong increase. The growth pace was the most rapid in 2017 an increase of 1,256% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+55.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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