Slovakia: Power Tool Market 2024

Power Tool Market Size in Slovakia

The Slovak power tool market surged to $X in 2021, increasing by 37% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed a prominent expansion. Power tool consumption peaked in 2021 and is likely to see steady growth in the near future.

Power Tool Exports

Exports from Slovakia

In 2021, approx. X units of power tools were exported from Slovakia; with an increase of 3.6% on the year before. Overall, total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +32.7% against 2017 indices. The growth pace was the most rapid in 2014 when exports increased by 47%. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, power tool exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 82% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

Exports by Country

The Czech Republic (X units), Poland (X units) and Hungary (X units) were the main destinations of power tool exports from Slovakia, with a combined 67% share of total exports. These countries were followed by Slovenia, Germany, Austria and Italy, which together accounted for a further 21%.

From 2012 to 2021, the biggest increases were recorded for Slovenia (with a CAGR of +238.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Slovenia ($X) appeared to be the largest markets for power tool exported from Slovakia worldwide, with a combined 71% share of total exports.

Slovenia, with a CAGR of +244.7%, recorded the highest rates of growth with regard to 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

In 2021, the average power tool export price amounted to $X per unit, surging by 20% against the previous year. Overall, the export price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 63%. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Hungary ($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 Poland (+25.4%), while the prices for the other major destinations experienced more modest paces of growth.

Power Tool Imports

Imports into Slovakia

In 2021, the amount of power tools imported into Slovakia skyrocketed to X units, increasing by 20% against 2020 figures. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +19.7% against 2016 indices. The pace of growth was the most pronounced in 2016 when imports increased by 48% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, power tool imports soared to $X in 2021. In general, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 37% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Poland (X units), the Czech Republic (X units) and Germany (X units) were the main suppliers of power tool imports to Slovakia, together comprising 87% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +120.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and the Czech Republic ($X) appeared to be the largest power tool suppliers to Slovakia, with a combined 81% share of total imports.

Poland, with a CAGR of +114.3%, saw the highest growth rate of 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

In 2021, the average power tool import price amounted to $X per unit, rising by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2017 an increase of 23%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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