Slovakia: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Slovakia

In 2021, the Slovak market for grinding, sanding and polishing machines increased by 3.1% to $X, rising for the third consecutive year after three years of decline. Over the period under review, consumption, however, continues to indicate a abrupt downturn. Grinding, sanding and polishing machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Grinding, Sanding and Polishing Machines

Exports from Slovakia

In 2021, shipments abroad of grinding, sanding and polishing machines increased by 198% to X units, rising for the third consecutive year after two years of decline. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 1,620%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, grinding, sanding and polishing machine exports skyrocketed to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 2,149%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Poland (X units), Germany (X units) and Romania (X units) were the main destinations of grinding, sanding and polishing machine exports from Slovakia, with a combined 82% share of total exports. Moreover, grinding, sanding and polishing machine exports in Poland exceeded the figures recorded by the second-largest exporter, Germany, twofold.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +74.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for grinding, sanding and polishing machine exported from Slovakia were Poland ($X), Romania ($X) and Germany ($X), with a combined 68% share of total exports.

Among the main countries of destination, Poland, with a CAGR of +19.1%, 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 grinding, sanding and polishing machines stood at $X per unit in 2021, with a decrease of -3.1% against the previous year. In general, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2015 an increase of 572% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 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 Italy ($X per unit), while the average price for exports to the Czech Republic ($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 France (+227.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Grinding, Sanding and Polishing Machines

Imports into Slovakia

In 2021, purchases abroad of grinding, sanding and polishing machines increased by 25% to X units, rising for the third year in a row after three years of decline. Overall, imports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of 97%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, grinding, sanding and polishing machine imports contracted remarkably to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 246%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of grinding, sanding and polishing machine to Slovakia, with a 70% share of total imports. Moreover, grinding, sanding and polishing machine imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), eightfold. The Netherlands (X units) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled -9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+27.1% per year) and the Netherlands (-5.4% per year).

In value terms, Germany ($X) constituted the largest supplier of grinding, sanding and polishing machines to Slovakia, comprising 58% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 19% share of total imports. It was followed by Austria, with a 6% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+31.8% per year) and Austria (+26.4% per year).

Import Prices by Country

In 2021, the average import price for grinding, sanding and polishing machines amounted to $X per unit, reducing by -47.8% against the previous year. Over the period under review, the import price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 130%. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+36.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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