Slovakia: Market for Builders' Joinery And Carpentry Of Wood 2024

Market Size for Builders' Joinery And Carpentry Of Wood in Slovakia

The Slovak wooden joinery and carpentry market contracted rapidly to $X in 2021, declining by -27.4% against the previous year. In general, the total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -33.0% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Builders' Joinery And Carpentry Of Wood in Slovakia

In value terms, wooden joinery and carpentry production shrank markedly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a mild decline. The pace of growth appeared the most rapid in 2018 with an increase of 51% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Exports of Builders' Joinery And Carpentry Of Wood

Exports from Slovakia

In 2021, after five years of growth, there was significant decline in shipments abroad of builders' joinery and carpentry of wood, when their volume decreased by -7.3% to X tons. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 17%. 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, wooden joinery and carpentry exports reached $X in 2021. The total export value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when exports increased by 27%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons) was the main destination for wooden joinery and carpentry exports from Slovakia, with a 25% share of total exports. Moreover, wooden joinery and carpentry exports to Germany exceeded the volume sent to the second major destination, France (X tons), threefold. The Czech Republic (X tons) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+4.5% per year) and the Czech Republic (-1.6% per year).

In value terms, Germany ($X), France ($X) and the Czech Republic ($X) were the largest markets for wooden joinery and carpentry exported from Slovakia worldwide, with a combined 47% share of total exports. Hungary, Switzerland, Poland, Belgium, Italy, the UK, Austria, Denmark, Sweden and Romania lagged somewhat behind, together comprising a further 39%.

Poland, with a CAGR of +22.3%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wooden joinery and carpentry export price stood at $X per ton in 2021, with an increase of 20% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.9%. 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 France ($X per ton), while the average price for exports to Sweden ($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 Belgium (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Builders' Joinery And Carpentry Of Wood

Imports into Slovakia

In 2021, purchases abroad of builders' joinery and carpentry of wood increased by 0.8% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -18.0% against 2017 indices. The pace of growth was the most pronounced in 2013 when imports increased by 37%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, wooden joinery and carpentry imports surged to $X in 2021. The total import value increased at an average annual rate of +5.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Poland (X tons) constituted the largest wooden joinery and carpentry supplier to Slovakia, accounting for a 49% share of total imports. Moreover, wooden joinery and carpentry imports from Poland exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), twofold. The third position in this ranking was taken by Austria (X tons), with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume from Poland amounted to +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-2.5% per year) and Austria (+10.5% per year).

In value terms, Poland ($X) constituted the largest supplier of builders' joinery and carpentry of wood to Slovakia, comprising 48% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 23% share of total imports. It was followed by Austria, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Poland totaled +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+4.0% per year) and Austria (+16.5% per year).

Import Prices by Country

In 2021, the average wooden joinery and carpentry import price amounted to $X per ton, growing by 21% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($X per ton), while the price for Estonia ($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 (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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