Slovakia: Market for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals 2024

Market Size for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in Slovakia

The Slovak market for fully or partly automatic electric machines for arc welding of metals contracted dramatically to $X in 2022, waning by -26.8% against the previous year. In general, consumption, however, continues to indicate strong growth. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in Slovakia

In value terms, production of fully or partly automatic electric machines for arc welding of metals contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2015 with an increase of 16% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production of growth remained at a somewhat lower figure.

Exports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Exports from Slovakia

In 2022, approx. X units of fully or partly automatic electric machines for arc welding of metals were exported from Slovakia; shrinking by -65% on the year before. Overall, exports recorded a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 92% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of fully or partly automatic electric machines for arc welding of metals reduced dramatically to $X in 2022. Over the period under review, exports faced a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 162%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Israel (X units) was the main destination for exports of fully or partly automatic electric machines for arc welding of metals from Slovakia, accounting for a 50% share of total exports. Moreover, exports of fully or partly automatic electric machines for arc welding of metals to Israel exceeded the volume sent to the second major destination, the Czech Republic (X units), fourfold. Poland (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Israel stood at +792.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-16.9% per year) and Poland (-2.1% per year).

In value terms, the largest markets for fully or partly automatic arc welding machine exported from Slovakia were Hungary ($X), the Czech Republic ($X) and Poland ($X), together accounting for 56% of total exports. Israel, Austria, Germany and South Korea lagged somewhat behind, together comprising a further 31%.

In terms of the main countries of destination, Israel, with a CAGR of +162.0%, recorded the highest rates of growth with regard to 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 2022, the average export price for fully or partly automatic electric machines for arc welding of metals amounted to $X per unit, waning by -10.5% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 103% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per unit), while the average price for exports to Israel ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+22.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Imports into Slovakia

In 2022, purchases abroad of fully or partly automatic electric machines for arc welding of metals decreased by -47.9% to X units, falling for the third year in a row after four years of growth. Over the period under review, imports recorded a pronounced contraction. The pace of growth was the most pronounced in 2014 when imports increased by 169%. Over the period under review, imports of reached the maximum at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of fully or partly automatic electric machines for arc welding of metals dropped sharply to $X in 2022. In general, imports saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 125%. Over the period under review, imports of reached the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Germany (X units) and Austria (X units) were the main suppliers of imports of fully or partly automatic electric machines for arc welding of metals to Slovakia, with a combined 60% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +36.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and Finland ($X) were the largest fully or partly automatic arc welding machine suppliers to Slovakia, together accounting for 64% of total imports. China, Japan, the Netherlands, France, the Czech Republic, Poland and the United States lagged somewhat behind, together accounting for a further 23%.

China, with a CAGR of +52.0%, recorded the highest growth rate of the value of imports, in terms of 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 import price for fully or partly automatic electric machines for arc welding of metals stood at $X per unit in 2022, increasing by 17% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 48% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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