Slovakia: Bulldozer Market 2024

Bulldozer Market Size in Slovakia

The Slovak bulldozer market skyrocketed to $X in 2022, rising by 37% against the previous year. Over the period under review, consumption saw a remarkable increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Bulldozer Production in Slovakia

In value terms, bulldozer production soared to $X in 2022 estimated in export price. Overall, production posted a significant increase. Bulldozer production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Bulldozer Exports

Exports from Slovakia

In 2022, overseas shipments of bulldozers and angle dozers decreased by -64.9% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of 336% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, bulldozer exports dropped rapidly to $X in 2022. Over the period under review, exports faced a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of 298% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hungary (X units) was the main destination for bulldozer exports from Slovakia, with a 56% share of total exports. Moreover, bulldozer exports to Hungary exceeded the volume sent to the second major destination, Poland (X units), twofold. The third position in this ranking was held by the Czech Republic (X units), with an 18% share.

From 2012 to 2022, the average annual growth rate of volume to Hungary amounted to -17.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+7.2% per year) and the Czech Republic (+25.1% per year).

In value terms, Hungary ($X) emerged as the key foreign market for bulldozers and angle dozers exports from Slovakia, comprising 70% of total exports. The second position in the ranking was held by Poland ($X), with a 15% share of total exports. It was followed by the Czech Republic, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Hungary stood at -17.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-5.7% per year) and the Czech Republic (-7.0% per year).

Export Prices by Country

The average bulldozer export price stood at $X per unit in 2022, increasing by 5.1% against the previous year. In general, the export price, however, showed a pronounced descent. The growth pace was the most rapid in 2018 an increase of 473% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+0.2%), while the prices for the other major destinations experienced a decline.

Bulldozer Imports

Imports into Slovakia

In 2022, approx. X units of bulldozers and angle dozers were imported into Slovakia; with a decrease of -53.8% on 2021. Over the period under review, imports recorded a pronounced decline. The pace of growth was the most pronounced in 2019 when imports increased by 189%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, bulldozer imports reduced notably to $X in 2022. Overall, imports recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 128%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of bulldozer to Slovakia, with a 49% share of total imports. Moreover, bulldozer imports from China exceeded the figures recorded by the second-largest supplier, Austria (X units), twofold. Belgium (X units) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +44.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+34.2% per year) and Belgium (+22.3% per year).

In value terms, Austria ($X), the Netherlands ($X) and Belgium ($X) constituted the largest bulldozer suppliers to Slovakia, with a combined 78% share of total imports.

Austria, with a CAGR of +25.8%, 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 bulldozer import price amounted to $X per unit, declining by -23.9% against the previous year. In general, the import price showed a abrupt setback. The growth pace was the most rapid in 2020 an increase of 187%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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