Slovakia: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Slovakia

The Slovak grinding and sharpening machine market skyrocketed to $X in 2022, with an increase of 27% against the previous year. In general, consumption, however, continues to indicate a abrupt contraction. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Grinding And Sharpening Metal Finishing Machines in Slovakia

In value terms, grinding and sharpening machine production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, saw a pronounced curtailment. Grinding and sharpening machine production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports from Slovakia

In 2022, overseas shipments of grinding and sharpening metal finishing machines decreased by -42.3% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 319%. The exports peaked at X units in 2021, and then fell rapidly in the following year.

In value terms, grinding and sharpening machine exports rose to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by 189% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Poland (X units), Germany (X units) and the Czech Republic (X units) were the main destinations of grinding and sharpening machine exports from Slovakia, together comprising 94% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +124.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Hungary ($X) and Poland ($X) appeared to be the largest markets for grinding and sharpening machine exported from Slovakia worldwide, together accounting for 59% of total exports.

Poland, with a CAGR of +94.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average grinding and sharpening machine export price amounted to $X per unit, surging by 78% against the previous year. In general, the export price, however, recorded a deep setback. The pace of growth appeared the most rapid in 2013 an increase of 237% 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 remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per unit), while the average price for exports to Italy ($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 (+17.8%), while the prices for the other major destinations experienced a decline.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports into Slovakia

In 2022, approx. X units of grinding and sharpening metal finishing machines were imported into Slovakia; declining by -27.6% compared with the previous year's figure. In general, imports showed a perceptible decrease. The most prominent rate of growth was recorded in 2013 with an increase of 210% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, grinding and sharpening machine imports expanded significantly to $X in 2022. Over the period under review, imports showed a abrupt setback. The growth pace was the most rapid in 2019 with an increase of 99% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of grinding and sharpening machine to Slovakia, with a 62% share of total imports. Moreover, grinding and sharpening machine imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X units), sixfold. The third position in this ranking was held by Germany (X units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+103.8% per year) and Germany (-17.6% per year).

In value terms, the largest grinding and sharpening machine suppliers to Slovakia were Germany ($X), China ($X) and the Czech Republic ($X), with a combined 63% share of total imports. Sweden, Poland and France lagged somewhat behind, together comprising a further 6.6%.

Among the main suppliers, Poland, with a CAGR of +35.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average grinding and sharpening machine import price amounted to $X per unit, jumping by 48% against the previous year. Over the period under review, the import price, however, faced a deep downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 498% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+45.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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