Slovakia: Wire And Cable Market 2025

Wire And Cable Market Size in Slovakia

The Slovak wire and cable market soared to $X in 2021, growing by 98% against the previous year. Over the period under review, consumption enjoyed a buoyant increase. Wire and cable consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Wire And Cable Production in Slovakia

In value terms, wire and cable production surged to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. Wire and cable production peaked at $X in 2013; afterwards, it flattened through to 2021.

Wire And Cable Exports

Exports from Slovakia

In 2021, overseas shipments of insulated wire and cable were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 31% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, wire and cable exports soared to $X in 2021. The total export value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), the Czech Republic (X tons) and Hungary (X tons) were the main destinations of wire and cable exports from Slovakia, together accounting for 61% of total exports. Poland, Austria, Italy, Romania, Serbia, Slovenia and Spain lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +23.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Czech Republic ($X) and Poland ($X) were the largest markets for wire and cable exported from Slovakia worldwide, together accounting for 65% of total exports.

Among the main countries of destination, Poland, with a CAGR of +29.7%, 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

In 2021, the average wire and cable export price amounted to $X per ton, jumping by 21% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wire And Cable Imports

Imports into Slovakia

Wire and cable imports into Slovakia soared to X tons in 2021, growing by 19% on the previous year's figure. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 36% against the previous year. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, wire and cable imports surged to $X in 2021. In general, imports saw a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 47%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in years to come.

Imports by Country

Germany (X tons), the Czech Republic (X tons) and Romania (X tons) were the main suppliers of wire and cable imports to Slovakia, together accounting for 45% of total imports. Hungary, Italy, Serbia, Poland, Spain, Austria, Tunisia, France, China and Ukraine lagged somewhat behind, together comprising a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +16.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wire and cable suppliers to Slovakia were Germany ($X), Romania ($X) and the Czech Republic ($X), together comprising 42% of total imports. Serbia, Spain, Italy, Tunisia, Poland, Ukraine, Hungary, Austria, China and France lagged somewhat behind, together accounting for a further 42%.

In terms of the main suppliers, Spain, with a CAGR of +26.6%, saw the highest rates of growth with regard to 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 2021, the average wire and cable import price amounted to $X per ton, growing by 6.9% against the previous year. Overall, the import price enjoyed a remarkable increase. The growth pace was the most rapid in 2016 an increase of 64%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Ukraine ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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