Slovakia: Fruit-Preparation Industrial Machinery Market 2024

Fruit-Preparation Industrial Machinery Market Size in Slovakia

In 2021, the Slovak fruit-preparation industrial machinery market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a pronounced downturn. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Fruit-Preparation Industrial Machinery Production in Slovakia

In value terms, fruit-preparation industrial machinery production soared to $X in 2021 estimated in export price. Overall, production saw a noticeable expansion. The most prominent rate of growth was recorded in 2016 with an increase of 133%. Fruit-preparation industrial machinery production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Fruit-Preparation Industrial Machinery Exports

Exports from Slovakia

In 2021, after two years of decline, there was significant growth in overseas shipments of industrial machinery for the preparation of fruits, nuts or vegetables, when their volume increased by 8.3% to X units. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 145%. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, fruit-preparation industrial machinery exports skyrocketed to $X in 2021. Overall, exports enjoyed buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 136% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for fruit-preparation industrial machinery exports from Slovakia, accounting for a 42% share of total exports. Moreover, fruit-preparation industrial machinery exports to the United States exceeded the volume sent to the second major destination, Canada (X units), fourfold. The third position in this ranking was held by China (X units), with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-13.0% per year) and China (+23.5% per year).

In value terms, the largest markets for fruit-preparation industrial machinery exported from Slovakia were the United States ($X), China ($X) and Brazil ($X), with a combined 59% share of total exports.

Among the main countries of destination, China, with a CAGR of +133.8%, recorded the highest rates of growth with regard to 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 fruit-preparation industrial machinery export price stood at $X per unit in 2021, increasing by 37% against the previous year. In general, the export price enjoyed a resilient expansion. The pace of growth was the most pronounced in 2016 an increase of 99% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Russia ($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 Canada (+39.6%), while the prices for the other major destinations experienced more modest paces of growth.

Fruit-Preparation Industrial Machinery Imports

Imports into Slovakia

In 2021, imports of industrial machinery for the preparation of fruits, nuts or vegetables into Slovakia dropped sharply to X units, with a decrease of -51% against the previous year. Overall, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of 185% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, fruit-preparation industrial machinery imports declined markedly to $X in 2021. In general, imports showed a noticeable shrinkage. The growth pace was the most rapid in 2015 when imports increased by 127%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), the Czech Republic (X units) and Italy (X units) were the main suppliers of fruit-preparation industrial machinery imports to Slovakia, with a combined 55% share of total imports. These countries were followed by Hungary, Turkey, Russia, Poland, the United States, the Netherlands and Austria, which together accounted for a further 44%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +38.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Czech Republic ($X) and Italy ($X) constituted the largest fruit-preparation industrial machinery suppliers to Slovakia, together comprising 71% of total imports.

The United States, with a CAGR of +105.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average fruit-preparation industrial machinery import price amounted to $X per unit, which is down by -16.6% against the previous year. In general, the import price, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 80% against the previous year. The import price peaked at $X per unit in 2020, and then reduced rapidly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+40.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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