Slovakia: Market for Hand-Operated Drilling, Threading or Tapping Tools 2024

Market Size for Hand-Operated Drilling, Threading or Tapping Tools in Slovakia

The Slovak market for hand-operated drilling, threading or tapping tools totaled $X in 2022, picking up by 9.2% against the previous year. Overall, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +10.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.5% against 2020 indices. Consumption of peaked at $X in 2020; afterwards, it flattened through to 2022.

Production of Hand-Operated Drilling, Threading or Tapping Tools in Slovakia

In value terms, production of hand-operated drilling, threading or tapping tools expanded modestly to $X in 2022 estimated in export price. In general, the total production indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.8% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 57%. Over the period under review, production of attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Hand-Operated Drilling, Threading or Tapping Tools

Exports from Slovakia

In 2022, after two years of decline, there was growth in overseas shipments of hand-operated drilling, threading or tapping tools, when their volume increased by 4% to X tons. Overall, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 497% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of hand-operated drilling, threading or tapping tools declined rapidly to $X in 2022. Over the period under review, exports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2018 with an increase of 632%. Over the period under review, the exports of reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Cuba (X tons) was the main destination for exports of hand-operated drilling, threading or tapping tools from Slovakia, accounting for a 60% share of total exports. Moreover, exports of hand-operated drilling, threading or tapping tools to Cuba exceeded the volume sent to the second major destination, the Czech Republic (X tons), sevenfold. The third position in this ranking was held by Poland (X tons), with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cuba was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-34.0% per year) and Poland (-6.7% per year).

In value terms, the largest markets for hand-operated drilling, threading or tapping tool exported from Slovakia were Poland ($X), Cuba ($X) and the Czech Republic ($X), together accounting for 77% of total exports. Germany, Hungary, Romania, Croatia and France lagged somewhat behind, together comprising a further 13%.

Germany, with a CAGR of +14.7%, saw 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 more modest paces of growth.

Export Prices by Country

The average export price for hand-operated drilling, threading or tapping tools stood at $X per ton in 2022, dropping by -34.8% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 72% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Cuba ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hand-Operated Drilling, Threading or Tapping Tools

Imports into Slovakia

In 2022, after two years of decline, there was significant growth in supplies from abroad of hand-operated drilling, threading or tapping tools, when their volume increased by 44% to X tons. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 62% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of hand-operated drilling, threading or tapping tools shrank markedly to $X in 2022. Over the period under review, imports recorded a slight expansion. The growth pace was the most rapid in 2015 when imports increased by 117%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest hand-operated drilling, threading or tapping tool supplier to Slovakia, accounting for a 44% share of total imports. Moreover, imports of hand-operated drilling, threading or tapping tools from China exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with an 8.2% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+6.9% per year) and Germany (-3.2% per year).

In value terms, Germany ($X), China ($X) and the Czech Republic ($X) were the largest hand-operated drilling, threading or tapping tool suppliers to Slovakia, with a combined 69% share of total imports. Poland and Austria lagged somewhat behind, together accounting for a further 5.9%.

In terms of the main suppliers, Poland, with a CAGR of +72.3%, saw 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 import price for hand-operated drilling, threading or tapping tools amounted to $X per ton, dropping by -41.9% against the previous year. Overall, the import price, however, continues to indicate measured growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 171%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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