Slovakia: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in Slovakia

The Slovak wood drilling machine market soared to $X in 2021, increasing by 32% against the previous year. Over the period under review, consumption saw strong growth. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Wood Drilling Machine Production in Slovakia

In value terms, wood drilling machine production totaled $X in 2021 estimated in export price. In general, production enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 374%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Wood Drilling Machine Exports

Exports from Slovakia

In 2021, the amount of drilling or morticing machines exported from Slovakia shrank notably to X units, with a decrease of -77.8% on the previous year's figure. In general, exports showed a abrupt slump. The growth pace was the most rapid in 2017 with an increase of 22,053%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, wood drilling machine exports declined notably to $X in 2021. Over the period under review, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 2,512%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Czech Republic (X units) was the main destination for wood drilling machine exports from Slovakia, with a 55% share of total exports. Moreover, wood drilling machine exports to the Czech Republic exceeded the volume sent to the second major destination, Denmark (X units), fivefold. Romania (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Czech Republic totaled -13.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-15.3% per year) and Romania (+540.3% per year).

In value terms, the largest markets for wood drilling machine exported from Slovakia were the Czech Republic ($X), Denmark ($X) and Poland ($X), together comprising 67% of total exports. These countries were followed by Romania, Germany and France, which together accounted for a further 7.2%.

Romania, with a CAGR of +1,101.8%, saw the highest growth rate of 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 wood drilling machine export price stood at $X per unit in 2021, growing by 80% against the previous year. Over the period under review, the export price saw notable growth. The growth pace was the most rapid in 2016 when the average export price increased by 559% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per unit), while the average price for exports to France ($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 Romania (+104.6%), while the prices for the other major destinations experienced mixed trend patterns.

Wood Drilling Machine Imports

Imports into Slovakia

In 2021, supplies from abroad of drilling or morticing machines decreased by -8.1% to X units, falling for the second year in a row after four years of growth. Over the period under review, imports recorded a pronounced downturn. The growth pace was the most rapid in 2017 with an increase of 119% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, wood drilling machine imports expanded remarkably to $X in 2021. In general, imports recorded a noticeable downturn. The growth pace was the most rapid in 2014 when imports increased by 76%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Poland (X units) and Italy (X units) were the main suppliers of wood drilling machine imports to Slovakia, with a combined 93% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +94.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of drilling or morticing machines to Slovakia, comprising 51% of total imports. The second position in the ranking was held by Italy ($X), with a 20% share of total imports. It was followed by Poland, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to -7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-5.5% per year) and Poland (+105.2% per year).

Import Prices by Country

In 2021, the average wood drilling machine import price amounted to $X per unit, with an increase of 20% against the previous year. Overall, the import price, however, continues to indicate a mild setback. The growth pace was the most rapid in 2020 an increase of 36% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for the Netherlands ($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 Netherlands (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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