Slovakia: Check Valve Market 2024

Check Valve Market Size in Slovakia

The Slovak check valve market was finally on the rise to reach $X in 2021, after four years of decline. Over the period under review, consumption, however, recorded a slight reduction. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Check Valve Exports

Exports from Slovakia

Check valve exports from Slovakia skyrocketed to X units in 2021, picking up by 61% compared with 2020. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2015 with an increase of 204% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, check valve exports skyrocketed to $X in 2021. Overall, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2015 when exports increased by 246%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X units), Hungary (X units) and Russia (X units) were the main destinations of check valve exports from Slovakia, with a combined 70% share of total exports. Spain, the Czech Republic, Poland, Slovenia, France, Liechtenstein and Kazakhstan lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +181.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for check valves for pipes, boiler shells, tanks and vats exports from Slovakia, comprising 55% of total exports. The second position in the ranking was held by Russia ($X), with a 10% share of total exports. It was followed by Hungary, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +108.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+18.9% per year) and Hungary (+41.2% per year).

Export Prices by Country

In 2021, the average check valve export price amounted to $X per unit, falling by -27.5% against the previous year. In general, the export price recorded a abrupt setback. The growth pace was the most rapid in 2013 an increase of 35% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Poland ($X per unit), while the average price for exports to Liechtenstein ($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 (-4.3%), while the prices for the other major destinations experienced a decline.

Check Valve Imports

Imports into Slovakia

In 2021, the amount of check valves for pipes, boiler shells, tanks and vats imported into Slovakia skyrocketed to X units, increasing by 23% compared with the previous year's figure. Over the period under review, imports enjoyed a prominent increase. The growth pace was the most rapid in 2013 when imports increased by 158% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, check valve imports expanded modestly to $X in 2021. In general, imports, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2014 with an increase of 43% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X units), the Czech Republic (X units) and Poland (X units) were the main suppliers of check valve imports to Slovakia, together accounting for 58% of total imports. These countries were followed by Germany, China, Italy, France, Austria and Turkey, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +34.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Czech Republic ($X) and South Korea ($X) were the largest check valve suppliers to Slovakia, with a combined 66% share of total imports. Poland, Austria, Italy, China, France and Turkey lagged somewhat behind, together accounting for a further 21%.

Turkey, with a CAGR of +25.4%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 check valve import price amounted to $X per unit, shrinking by -16% against the previous year. Over the period under review, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 162% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (-4.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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