Slovakia: Smoothing Iron Market 2024

Smoothing Iron Market Size in Slovakia

The Slovak smoothing iron market dropped to $X in 2021, waning by -1.9% against the previous year. Over the period under review, consumption, however, continues to indicate a buoyant expansion. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Smoothing Iron Production in Slovakia

In value terms, smoothing iron production fell to $X in 2021 estimated in export price. Overall, production, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 69% against the previous year. Smoothing iron production peaked at $X in 2020, and then reduced in the following year.

Smoothing Iron Exports

Exports from Slovakia

In 2021, the amount of electric smoothing irons exported from Slovakia declined to X units, waning by -7.1% on 2020 figures. In general, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2015 when exports increased by 335%. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, smoothing iron exports expanded slightly to $X in 2021. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 549% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Poland (X units), Romania (X units) and the Czech Republic (X units) were the main destinations of smoothing iron exports from Slovakia, with a combined 62% share of total exports. Hungary, Croatia, Bulgaria, Serbia, Ukraine, Austria, Bosnia and Herzegovina and Slovenia lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +143.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Romania ($X) appeared to be the largest markets for smoothing iron exported from Slovakia worldwide, together accounting for 58% of total exports. Croatia, Slovenia, Bulgaria, Serbia, Hungary, Bosnia and Herzegovina, Ukraine and Austria lagged somewhat behind, together comprising a further 32%.

In terms of the main countries of destination, Ukraine, with a CAGR of +131.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average smoothing iron export price amounted to $X per unit, with an increase of 10% against the previous year. Over the period under review, the export price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 49%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 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 Slovenia ($X per unit), while the average price for exports to Austria ($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 Slovenia (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Smoothing Iron Imports

Imports into Slovakia

In 2021, imports of electric smoothing irons into Slovakia shrank to X units, falling by -5.8% on the year before. In general, imports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2015 when imports increased by 219%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, smoothing iron imports reached $X in 2021. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 219% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

France (X units), China (X units) and the Czech Republic (X units) were the main suppliers of smoothing iron imports to Slovakia, with a combined 82% share of total imports. These countries were followed by Germany and Indonesia, which together accounted for a further 15%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +53.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of electric smoothing irons to Slovakia, comprising 53% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 17% share of total imports. It was followed by China, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from France amounted to +35.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+29.1% per year) and China (+12.6% per year).

Import Prices by Country

The average smoothing iron import price stood at $X per unit in 2021, surging by 7.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.4%. The most prominent rate of growth was recorded in 2013 an increase of 17%. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Indonesia ($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 Czech Republic (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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