Slovakia: Market for Industrial Automatic Sewing Machines 2024

Market Size for Industrial Automatic Sewing Machines in Slovakia

The Slovak industrial automatic sewing machine market totaled $X in 2022, increasing by 1.5% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 1.6%. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Industrial Automatic Sewing Machines in Slovakia

In value terms, industrial automatic sewing machine production reached $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 0.2%. Over the period under review, production attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

Exports of Industrial Automatic Sewing Machines

Exports from Slovakia

For the fourth year in a row, Slovakia recorded growth in shipments abroad of industrial automatic sewing machines, which increased by 4.2% to X units in 2022. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 5,700%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, industrial automatic sewing machine exports surged to $X in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 729% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Morocco (X units), Tunisia (X units) and Ukraine (X units) were the main destinations of industrial automatic sewing machine exports from Slovakia, with a combined 87% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Tunisia (with a CAGR of +196.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Tunisia ($X), Morocco ($X) and North Macedonia ($X) constituted the largest markets for industrial automatic sewing machine exported from Slovakia worldwide, together accounting for 90% of total exports.

Among the main countries of destination, Tunisia, with a CAGR of +507.7%, 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 industrial automatic sewing machine export price stood at $X per unit in 2022, surging by 255% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 429% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Poland ($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 Tunisia (+105.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Automatic Sewing Machines

Imports into Slovakia

In 2022, approx. X units of industrial automatic sewing machines were imported into Slovakia; with an increase of 476% compared with the previous year's figure. Over the period under review, imports showed a buoyant expansion. Imports peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, industrial automatic sewing machine imports surged to $X in 2022. Overall, imports, however, saw a abrupt setback. The growth pace was the most rapid in 2015 when imports increased by 599% against the previous year. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Italy (X units) and the Czech Republic (X units) were the main suppliers of industrial automatic sewing machine imports to Slovakia, together comprising 98% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +75.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X) constituted the largest supplier of industrial automatic sewing machines to Slovakia, comprising 64% of total imports. The second position in the ranking was held by China ($X), with a 31% share of total imports. It was followed by the Czech Republic, with a 3.3% share.

From 2012 to 2022, the average annual growth rate of value from Italy stood at -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+57.9% per year) and the Czech Republic (+1.4% per year).

Import Prices by Country

In 2022, the average industrial automatic sewing machine import price amounted to $X per unit, dropping by -71.9% against the previous year. Overall, the import price continues to indicate a deep contraction. The growth pace was the most rapid in 2019 when the average import price increased by 140% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+32.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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