Slovakia: Market for Wood Boxes, Crates and Cable Drums 2024

Market Size for Wood Boxes, Crates and Cable Drums in Slovakia

In 2022, the Slovak market for wood boxes, crates and cable drums decreased by -0.5% to $X, falling for the third year in a row after four years of growth. In general, consumption continues to indicate a significant decrease. Wood box and cable drum consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Wood Boxes, Crates and Cable Drums in Slovakia

In value terms, wood box and cable drum production skyrocketed to $X in 2022 estimated in export price. In general, the total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +91.1% against 2020 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Wood Boxes, Crates and Cable Drums

Exports from Slovakia

For the fourth year in a row, Slovakia recorded growth in overseas shipments of wood boxes, crates and cable drums, which increased by 15% to X units in 2022. In general, exports saw a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 113%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, wood box and cable drum exports expanded rapidly to $X in 2022. Over the period under review, total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +89.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 69%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X units), Ukraine (X units) and Hungary (X units) were the main destinations of wood box and cable drum exports from Slovakia, together accounting for 66% of total exports.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +141.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Ukraine ($X) and Hungary ($X) were the largest markets for wood box and cable drum exported from Slovakia worldwide, together comprising 66% of total exports.

Among the main countries of destination, Ukraine, with a CAGR of +127.1%, recorded the highest growth rate of 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 export price for wood boxes, crates and cable drums stood at $X per unit in 2022, declining by -2.7% against the previous year. Overall, the export price recorded a abrupt downturn. The growth pace was the most rapid in 2018 when the average export price increased by 18%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Romania ($X per unit) and Poland ($X per unit), while the average price for exports to Ukraine ($X per unit) and Hungary ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (-6.0%), while the prices for the other major destinations experienced a decline.

Imports of Wood Boxes, Crates and Cable Drums

Imports into Slovakia

In 2022, approx. less than X units of wood boxes, crates and cable drums were imported into Slovakia; leveling off at 2021 figures. In general, imports faced a abrupt shrinkage. The smallest decline of -14.4% was in 2013. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, wood box and cable drum imports expanded remarkably to $X in 2022. Overall, imports posted a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 53%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2013, the Czech Republic (X units) constituted the largest supplier of wood box and cable drum to Slovakia, with a 51% share of total imports. Moreover, wood box and cable drum imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Hungary (X units), fivefold. The third position in this ranking was held by Poland (X units), with a 9.8% share.

From 2012 to 2013, the average annual rate of growth in terms of volume from the Czech Republic amounted to +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-14.5% per year) and Poland (-20.2% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of wood boxes, crates and cable drums to Slovakia, comprising 48% of total imports. The second position in the ranking was taken by Hungary ($X), with a 10% share of total imports. It was followed by Poland, with a 9.3% share.

From 2012 to 2013, the average annual rate of growth in terms of value from the Czech Republic totaled +27.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-3.6% per year) and Poland (-10.1% per year).

Import Prices by Country

In 2013, the average import price for wood boxes, crates and cable drums amounted to $X per unit, flattening at the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $X per unit in 2012, and then fell slightly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2013, amid the top importers, the countries with the highest prices were the Czech Republic ($X per unit) and Poland ($X per unit), while the price for Romania ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2013, the most notable rate of growth in terms of prices was attained by France (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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