Slovakia: Twig Broom Market 2024

Twig Broom Market Size in Slovakia

The Slovak twig broom market skyrocketed to $X in 2021, picking up by 48% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted moderate growth. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Twig Broom Exports

Exports from Slovakia

In 2021, twig broom exports from Slovakia surged to X units, with an increase of 123% compared with 2020. In general, exports saw a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 235%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, twig broom exports soared to $X in 2021. Over the period under review, exports showed a prominent increase. The growth pace was the most rapid in 2017 with an increase of 455%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Poland (X units) was the main destination for twig broom exports from Slovakia, with a 47% share of total exports. Moreover, twig broom exports to Poland exceeded the volume sent to the second major destination, the Czech Republic (X units), twofold. Hungary (X units) ranked third in terms of total exports with a 22% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland amounted to +21.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+21.8% per year) and Hungary (+50.5% per year).

In value terms, the largest markets for twig broom exported from Slovakia were Poland ($X), the Czech Republic ($X) and Hungary ($X), with a combined 91% share of total exports. Austria, Germany and Romania lagged somewhat behind, together accounting for a further 8.5%.

Among the main countries of destination, Romania, with a CAGR of +106.0%, 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

In 2021, the average twig broom export price amounted to $X per unit, declining by -42.1% against the previous year. Overall, the export price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2017 an increase of 66%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Romania ($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 the Czech Republic (-7.2%), while the prices for the other major destinations experienced a decline.

Twig Broom Imports

Imports into Slovakia

In 2021, the amount of brooms and brushes of twigs imported into Slovakia surged to X units, with an increase of 75% compared with 2020. Overall, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 186% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, twig broom imports surged to $X in 2021. In general, imports posted a noticeable expansion. The most prominent rate of growth was recorded in 2018 with an increase of 137% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Serbia (X units), the Czech Republic (X units) and Italy (X units) were the main suppliers of twig broom imports to Slovakia, with a combined 75% share of total imports. Hungary, Poland, Germany, Slovenia and China lagged somewhat behind, together comprising a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +28.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest twig broom suppliers to Slovakia were Serbia ($X), the Czech Republic ($X) and Hungary ($X), together comprising 70% of total imports. Italy, Germany, Poland, Slovenia and China lagged somewhat behind, together comprising a further 18%.

In terms of the main suppliers, Germany, with a CAGR of +18.6%, recorded 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 twig broom import price amounted to $X per unit, which is down by -16% against the previous year. Over the period under review, the import price showed a drastic downturn. The pace of growth was the most pronounced in 2019 when the average import price increased by 30%. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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