Slovakia: Market for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping 2024

Market Size for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Slovakia

The Slovak market for equipment for scaffolding, shuttering, propping or pit propping was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption continues to indicate strong growth. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Slovakia

In value terms, scaffolding, shuttering, and propping equipment production soared to $X in 2021 estimated in export price. Over the period under review, production saw moderate growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Exports from Slovakia

After three years of growth, shipments abroad of equipment for scaffolding, shuttering, propping or pit propping decreased by -15.8% to X tons in 2021. In general, exports recorded a perceptible slump. The most prominent rate of growth was recorded in 2020 with an increase of 28% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, scaffolding, shuttering, and propping equipment exports declined to $X in 2021. Over the period under review, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2020 when exports increased by 20%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Austria (X tons) and the Czech Republic (X tons) were the main destinations of scaffolding, shuttering, and propping equipment exports from Slovakia, together comprising 51% of total exports. These countries were followed by Hungary, Poland, Italy, Croatia, Ukraine, Bulgaria, Romania, Serbia, the Netherlands and France, which together accounted for a further 36%.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +29.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for scaffolding, shuttering, and propping equipment exported from Slovakia were Germany ($X), Austria ($X) and Hungary ($X), together accounting for 54% of total exports. The Czech Republic, Poland, Italy, Croatia, Bulgaria, Ukraine, the Netherlands, Serbia, Romania and France lagged somewhat behind, together accounting for a further 34%.

In terms of the main countries of destination, Croatia, with a CAGR of +27.6%, 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

The average export price for equipment for scaffolding, shuttering, propping or pit propping stood at $X per ton in 2021, picking up by 3.5% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible descent. The growth pace was the most rapid in 2013 an increase of 11% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Imports into Slovakia

In 2021, overseas purchases of equipment for scaffolding, shuttering, propping or pit propping were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, total imports indicated a slight increase from 2012 to 2021: its volume increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -36.8% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of 85%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, scaffolding, shuttering, and propping equipment imports surged to $X in 2021. Overall, imports posted a strong increase. The pace of growth was the most pronounced in 2017 when imports increased by 97% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest supplier of scaffolding, shuttering, and propping equipment to Slovakia, with a 39% share of total imports. Moreover, scaffolding, shuttering, and propping equipment imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by Austria (X tons), with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Czech Republic amounted to -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+22.9% per year) and Austria (+7.4% per year).

In value terms, the largest scaffolding, shuttering, and propping equipment suppliers to Slovakia were Austria ($X), Germany ($X) and the Czech Republic ($X), with a combined 74% share of total imports. These countries were followed by Poland and Turkey, which together accounted for a further 14%.

Turkey, with a CAGR of +150.9%, saw 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

In 2021, the average import price for equipment for scaffolding, shuttering, propping or pit propping amounted to $X per ton, picking up by 15% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, scaffolding, shuttering, and propping equipment import price increased by +26.2% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 53%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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