Slovakia: Hydraulic Press Market 2024

Hydraulic Press Market Size in Slovakia

After two years of decline, the Slovak hydraulic press market increased by 64% to $X in 2022. Overall, consumption, however, saw a deep downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Hydraulic Press Production in Slovakia

In value terms, hydraulic press production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt slump. Hydraulic press production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Hydraulic Press Exports

Exports from Slovakia

In 2022, approx. X units of hydraulic presses for working metal were exported from Slovakia; dropping by -31.6% compared with 2021 figures. Over the period under review, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2013 with an increase of 122% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, hydraulic press exports reduced sharply to $X in 2022. In general, exports showed a significant contraction. The pace of growth was the most pronounced in 2020 with an increase of 99.9% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X units), China (X units) and Hungary (X units) were the main destinations of hydraulic press exports from Slovakia, together accounting for 77% 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 Italy (with a CAGR of +18.2%), while the other leaders experienced a decline.

In value terms, China ($X) remains the key foreign market for hydraulic presses for working metal exports from Slovakia, comprising 41% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 20% share of total exports. It was followed by Italy, with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at -9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-15.9% per year) and Italy (+16.6% per year).

Export Prices by Country

The average hydraulic press export price stood at $X per unit in 2022, with an increase of 20% against the previous year. Over the period under review, the export price, however, recorded a abrupt contraction. The growth pace was the most rapid in 2020 when the average export price increased by 71% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 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 the Czech Republic ($X per unit), while the average price for exports to Poland ($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 (+4.6%), while the prices for the other major destinations experienced mixed trend patterns.

Hydraulic Press Imports

Imports into Slovakia

In 2022, purchases abroad of hydraulic presses for working metal was finally on the rise to reach X units after two years of decline. In general, imports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by 532%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, hydraulic press imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of 4,200% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest hydraulic press supplier to Slovakia, with a 56% share of total imports. Moreover, hydraulic press imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Poland (X units) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +35.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+27.8% per year) and Poland (+18.4% per year).

In value terms, Germany ($X) constituted the largest supplier of hydraulic presses for working metal to Slovakia, comprising 55% of total imports. The second position in the ranking was taken by Italy ($X), with a 15% share of total imports. It was followed by the Czech Republic, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +43.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+15.4% per year) and the Czech Republic (+64.1% per year).

Import Prices by Country

The average hydraulic press import price stood at $X per unit in 2022, waning by -9.2% against the previous year. In general, the import price, however, posted a significant expansion. The pace of growth was the most pronounced in 2013 when the average import price increased by 581%. Over the period under review, average import prices hit record highs at $X per unit in 2020; however, from 2021 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 the Czech Republic ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+124.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :