Slovakia: Market for Conveyor Or Transmission Belts Or Belting 2024

Market Size for Conveyor Or Transmission Belts Or Belting in Slovakia

The Slovak conveyor or transmission belt market reduced notably to $X in 2021, waning by -63.4% against the previous year. Over the period under review, consumption faced a deep slump. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Conveyor Or Transmission Belts Or Belting in Slovakia

In value terms, conveyor or transmission belt production soared to $X in 2021 estimated in export price. Overall, production recorded a deep reduction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 29%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Conveyor Or Transmission Belts Or Belting

Exports from Slovakia

For the third year in a row, Slovakia recorded decline in overseas shipments of conveyor or transmission belts or belting, which decreased by -23.9% to X tons in 2021. Overall, exports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 30% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, conveyor or transmission belt exports dropped to $X in 2021. Over the period under review, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2018 with an increase of 33% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons), Ukraine (X tons) and Kazakhstan (X tons) were the main destinations of conveyor or transmission belt exports from Slovakia, together accounting for 71% of total exports. These countries were followed by Germany, Poland, South Africa, Mauritania and Bulgaria, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for Mauritania (with a CAGR of +28.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), the Czech Republic ($X) and Germany ($X) were the largest markets for conveyor or transmission belt exported from Slovakia worldwide, with a combined 53% share of total exports. These countries were followed by Kazakhstan, Poland, South Africa, Mauritania and Bulgaria, which together accounted for a further 23%.

Mauritania, with a CAGR of +31.5%, saw the highest rates of growth with regard to the value of exports, among 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 conveyor or transmission belt export price stood at $X per ton in 2021, jumping by 20% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 Germany ($X per ton), while the average price for exports to Mauritania ($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 Mauritania (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Conveyor Or Transmission Belts Or Belting

Imports into Slovakia

In 2021, overseas purchases of conveyor or transmission belts or belting increased by 38% to X tons, rising for the fourth year in a row after three years of decline. Over the period under review, imports recorded moderate growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, conveyor or transmission belt imports skyrocketed to $X in 2021. In general, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +53.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Hungary (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of conveyor or transmission belt imports to Slovakia, with a combined 68% share of total imports. The Czech Republic, the Netherlands, Kosovo, Romania, the UK and Serbia lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Kosovo (with a CAGR of +1,370.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest conveyor or transmission belt suppliers to Slovakia were Germany ($X), Hungary ($X) and Poland ($X), together comprising 61% of total imports. These countries were followed by the Czech Republic, the Netherlands, Romania, the UK, Kosovo and Serbia, which together accounted for a further 22%.

Kosovo, with a CAGR of +1,482.8%, saw the highest growth rate of 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

The average conveyor or transmission belt import price stood at $X per ton in 2021, shrinking by -6.3% against the previous year. In general, the import price, however, recorded a temperate increase. The pace of growth was the most pronounced in 2016 an increase of 48%. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Kosovo ($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 UK (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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