Slovakia: Dairy Machinery Market 2024

Dairy Machinery Market Size in Slovakia

In 2022, the Slovak dairy machinery market decreased by -48.2% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, showed a strong expansion. Over the period under review, the market attained the peak level at $X in 2021, and then fell markedly in the following year.

Dairy Machinery Production in Slovakia

In value terms, dairy machinery production amounted to $X in 2022 estimated in export price. In general, production recorded buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of 285%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Dairy Machinery Exports

Exports from Slovakia

In 2022, dairy machinery exports from Slovakia soared to X units, growing by 111% on the previous year. In general, exports recorded a resilient increase. The pace of growth appeared the most rapid in 2013 when exports increased by 699%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, dairy machinery exports reduced to $X in 2022. Overall, exports enjoyed a buoyant expansion. The growth pace was the most rapid in 2013 when exports increased by 355%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Russia (X units) was the main destination for dairy machinery exports from Slovakia, with a 70% share of total exports. Moreover, dairy machinery exports to Russia exceeded the volume sent to the second major destination, Austria (X units), fivefold. The third position in this ranking was taken by the Czech Republic (X units), with an 8.8% share.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled +34.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-1.6% per year) and the Czech Republic (-4.8% per year).

In value terms, Russia ($X) emerged as the key foreign market for dairy machinery exports from Slovakia, comprising 58% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 16% share of total exports. It was followed by Belarus, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to Russia stood at +35.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-6.2% per year) and Belarus (+9.5% per year).

Export Prices by Country

In 2022, the average dairy machinery export price amounted to $X per unit, falling by -55.9% against the previous year. In general, the export price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2017 when the average export price increased by 56%. The export price peaked at $X per unit in 2021, and then contracted dramatically in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per unit), while the average price for exports to Austria ($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 Lithuania (+30.1%), while the prices for the other major destinations experienced more modest paces of growth.

Dairy Machinery Imports

Imports into Slovakia

Dairy machinery imports into Slovakia contracted notably to X units in 2022, with a decrease of -24.2% against the previous year. Overall, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 203%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, dairy machinery imports fell significantly to $X in 2022. In general, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 665% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Poland (X units) constituted the largest supplier of dairy machinery to Slovakia, accounting for a 43% share of total imports. It was followed by Denmark (X units), with a 1.2% share of total imports. The third position in this ranking was taken by the Czech Republic (X units), with a 0.8% share.

From 2012 to 2022, the average annual growth rate of volume from Poland amounted to +70.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-12.2% per year) and the Czech Republic (-21.8% per year).

In value terms, Poland ($X) constituted the largest supplier of dairy machinery to Slovakia, comprising 18% of total imports. The second position in the ranking was held by Denmark ($X), with a 3% share of total imports. It was followed by the Czech Republic, with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland stood at +73.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-9.2% per year) and the Czech Republic (-8.8% per year).

Import Prices by Country

The average dairy machinery import price stood at $X per unit in 2022, dropping by -39.7% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 176%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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