Slovakia: Crawler Tractor Market 2024

Crawler Tractor Market Size in Slovakia

The Slovak crawler tractor market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, faced a abrupt slump. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Crawler Tractor Production in Slovakia

In value terms, crawler tractor production surged to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a drastic downturn. Crawler tractor production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Crawler Tractor Exports

Exports from Slovakia

Crawler tractor exports from Slovakia shrank sharply to X units in 2021, with a decrease of -61.5% compared with 2020 figures. Overall, exports recorded a mild setback. The most prominent rate of growth was recorded in 2020 with an increase of 680% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, crawler tractor exports fell remarkably to $X in 2021. In general, exports recorded a deep reduction. The growth pace was the most rapid in 2015 with an increase of 1,498% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X units) was the main destination for crawler tractor exports from Slovakia, with a 73% share of total exports. Moreover, crawler tractor exports to Poland exceeded the volume sent to the second major destination, Ukraine (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume to Poland totaled -3.4%.

In value terms, Ukraine ($X), Poland ($X) and the Czech Republic ($X) appeared to be the largest markets for crawler tractor exported from Slovakia worldwide.

Among the main countries of destination, Ukraine, with a CAGR of +40.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average crawler tractor export price amounted to $X per unit, shrinking by -24% against the previous year. Overall, the export price faced a deep contraction. The most prominent rate of growth was recorded in 2019 an increase of 154%. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per unit), while the average price for exports to Poland ($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 Ukraine (+7.8%), while the prices for the other major destinations experienced mixed trend patterns.

Crawler Tractor Imports

Imports into Slovakia

In 2021, supplies from abroad of crawler tractors increased by 20% to X units, rising for the second consecutive year after three years of decline. Overall, imports saw buoyant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 183% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, crawler tractor imports rose modestly to $X in 2021. In general, imports, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 when imports increased by 70% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest crawler tractor supplier to Slovakia, with a 55% share of total imports. Moreover, crawler tractor imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. The third position in this ranking was held by Poland (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +20.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.8% per year) and Poland (+27.7% per year).

In value terms, Germany ($X) constituted the largest supplier of crawler tractors to Slovakia, comprising 61% of total imports. The second position in the ranking was taken by Poland ($X), with an 8.2% share of total imports. It was followed by the United States, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-11.2% per year) and the United States (-10.3% per year).

Import Prices by Country

In 2021, the average crawler tractor import price amounted to $X per unit, waning by -14.9% against the previous year. Overall, the import price saw a deep reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 120%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 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 United States ($X per unit), while the price for Estonia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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