Slovakia: Agricultural Product Dryer Market 2024

Agricultural Product Dryer Market Size in Slovakia

In 2021, the Slovak agricultural product dryer market decreased by -12.2% to $X, falling for the second consecutive year after three years of growth. Overall, consumption, however, recorded a relatively flat trend pattern. Agricultural product dryer consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Agricultural Product Dryer Production in Slovakia

In value terms, agricultural product dryer production shrank rapidly to $X in 2021 estimated in export price. In general, production, however, posted strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 165%. As a result, production reached the peak level of $X, and then fell dramatically in the following year.

Agricultural Product Dryer Exports

Exports from Slovakia

In 2021, approx. X units of dryers for the treatment of agricultural products were exported from Slovakia; which is down by -52% compared with the year before. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 800% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, agricultural product dryer exports declined sharply to $X in 2021. In general, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 780%. The exports peaked at $X in 2020, and then shrank dramatically in the following year.

Exports by Country

Russia (X units) was the main destination for agricultural product dryer exports from Slovakia, accounting for a 59% share of total exports. Moreover, agricultural product dryer exports to Russia exceeded the volume sent to the second major destination, Ukraine (X units), twofold. Poland (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Russia totaled +34.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+29.2% per year) and Poland (+21.7% per year).

In value terms, Russia ($X) remains the key foreign market for dryers for the treatment of agricultural products exports from Slovakia, comprising 62% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 27% share of total exports. It was followed by Poland, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value to Russia amounted to +30.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+31.8% per year) and Poland (+13.1% per year).

Export Prices by Country

In 2021, the average agricultural product dryer export price amounted to $X per unit, rising by 32% against the previous year. Over the period under review, the export price, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2019 an increase of 33%. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Belarus ($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 Belarus (+10.3%), while the prices for the other major destinations experienced a decline.

Agricultural Product Dryer Imports

Imports into Slovakia

In 2021, supplies from abroad of dryers for the treatment of agricultural products decreased by -39.4% to X units for the first time since 2016, thus ending a four-year rising trend. Over the period under review, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 279%. Over the period under review, imports hit record highs at X units in 2020, and then shrank rapidly in the following year.

In value terms, agricultural product dryer imports shrank rapidly to $X in 2021. Overall, imports showed a noticeable decrease. The growth pace was the most rapid in 2015 with an increase of 169%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Hungary (X units), France (X units) and Germany (X units) were the main suppliers of agricultural product dryer imports to Slovakia, with a combined 79% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +57.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest agricultural product dryer suppliers to Slovakia were France ($X), Hungary ($X) and Germany ($X), together accounting for 89% of total imports.

Hungary, with a CAGR of +101.6%, recorded the highest rates of growth with regard to the value of imports, among 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 agricultural product dryer import price stood at $X per unit in 2021, reducing by -15.4% against the previous year. In general, the import price continues to indicate a deep downturn. The growth pace was the most rapid in 2016 when the average import price increased by 83% against the previous year. 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.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Slovenia ($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 (+61.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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