Slovakia: Ink-Pad Market 2024

Ink-Pad Market Size in Slovakia

In 2022, the Slovak ink-pad market decreased by -17.8% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption, however, saw a abrupt decrease. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Ink-Pad Production in Slovakia

In value terms, ink-pad production stood at $X in 2022 estimated in export price. Overall, production continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by 2.8%. Ink-pad production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Ink-Pad Exports

Exports from Slovakia

Ink-pad exports from Slovakia soared to X units in 2022, with an increase of 215% on 2021 figures. Over the period under review, exports showed a noticeable expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, ink-pad exports skyrocketed to $X in 2022. Overall, exports saw a notable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 121%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Austria (X units) was the main destination for ink-pad exports from Slovakia, accounting for a 58% share of total exports. Moreover, ink-pad exports to Austria exceeded the volume sent to the second major destination, Germany (X units), threefold. The third position in this ranking was held by the Czech Republic (X units), with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Austria amounted to +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-3.0% per year) and the Czech Republic (-2.6% per year).

In value terms, Austria ($X) emerged as the key foreign market for ink-pads exports from Slovakia, comprising 47% of total exports. The second position in the ranking was held by Germany ($X), with a 15% share of total exports. It was followed by Poland, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Austria totaled +9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-0.3% per year) and Poland (+88.6% per year).

Export Prices by Country

In 2022, the average ink-pad export price amounted to $X per unit, which is down by -52.9% 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 2020 an increase of 111%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Hungary ($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 the UK (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.

Ink-Pad Imports

Imports into Slovakia

In 2022, after two years of decline, there was significant growth in overseas purchases of ink-pads, when their volume increased by 309% to X units. Overall, imports saw a resilient expansion. The growth pace was the most rapid in 2013 when imports increased by 398%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, ink-pad imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a perceptible reduction. The growth pace was the most rapid in 2019 when imports increased by 434%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of ink-pad to Slovakia, accounting for a 53% share of total imports. Moreover, ink-pad imports from China exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), sixfold. Germany (X units) ranked third in terms of total imports with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +24.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-10.8% per year) and Germany (+27.9% per year).

In value terms, the largest ink-pad suppliers to Slovakia were China ($X), the Czech Republic ($X) and Germany ($X), together comprising 53% of total imports.

Among the main suppliers, Germany, with a CAGR of +26.8%, 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

The average ink-pad import price stood at $X per unit in 2022, shrinking by -62% against the previous year. In general, the import price saw a deep slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 97%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, 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 Hungary ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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