Slovakia: Interchangeable Spanner Socket Market 2024

Interchangeable Spanner Socket Market Size in Slovakia

The Slovak interchangeable spanner socket market contracted to $X in 2022, which is down by -11.9% against the previous year. Over the period under review, the total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +16.4% against 2020 indices. Interchangeable spanner socket consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Interchangeable Spanner Socket Production in Slovakia

In value terms, interchangeable spanner socket production dropped markedly to $X in 2022 estimated in export price. Overall, production, however, saw strong growth. The growth pace was the most rapid in 2016 when the production volume increased by 1,184%. Interchangeable spanner socket production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Interchangeable Spanner Socket Exports

Exports from Slovakia

In 2022, interchangeable spanner socket exports from Slovakia surged to X tons, picking up by 20% on 2021. Overall, exports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of 45% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, interchangeable spanner socket exports totaled $X in 2022. In general, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2018 when exports increased by 77% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons), Austria (X tons) and the Czech Republic (X tons) were the main destinations of interchangeable spanner socket exports from Slovakia, with a combined 49% share of total exports. Poland, France, Italy, Turkey, Hungary, Finland, Spain, Norway, Croatia and Estonia lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +33.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Czech Republic ($X) and Poland ($X) appeared to be the largest markets for interchangeable spanner socket exported from Slovakia worldwide, with a combined 41% share of total exports.

Poland, with a CAGR of +31.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average interchangeable spanner socket export price stood at $X per ton in 2022, falling by -13.3% against the previous year. In general, the export price showed a slight decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Interchangeable Spanner Socket Imports

Imports into Slovakia

Interchangeable spanner socket imports into Slovakia declined to X tons in 2022, which is down by -6.2% compared with the previous year's figure. Over the period under review, total imports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +10.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 24% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, interchangeable spanner socket imports declined to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 66%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and the Czech Republic (X tons) were the main suppliers of interchangeable spanner socket imports to Slovakia, together comprising 71% of total imports. Romania, Germany, Italy, Poland and France lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +432.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest interchangeable spanner socket suppliers to Slovakia were Taiwan (Chinese) ($X), the Czech Republic ($X) and China ($X), together comprising 61% of total imports. Germany, Romania, Italy, Poland and France lagged somewhat behind, together accounting for a further 33%.

Among the main suppliers, Romania, with a CAGR of +304.5%, recorded 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 2022, the average interchangeable spanner socket import price amounted to $X per ton, with an increase of 5.8% against the previous year. Over the period under review, the import price, however, showed a mild reduction. The pace of growth was the most pronounced in 2018 when the average import price increased by 34%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+26.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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