Slovakia: Interchangeable Tool Market 2025

Interchangeable Tool Market Size in Slovakia

The Slovak interchangeable tool market fell to $X in 2021, shrinking by -10.9% against the previous year. Over the period under review, consumption, however, posted a strong increase. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Interchangeable Tool Production in Slovakia

In value terms, interchangeable tool production dropped significantly to $X in 2021 estimated in export price. In general, production recorded a noticeable downturn. The pace of growth was the most pronounced in 2013 when the production volume increased by 65% against the previous year. Interchangeable tool production peaked at $X in 2020, and then declined sharply in the following year.

Interchangeable Tool Exports

Exports from Slovakia

In 2021, exports of interchangeable tools for hand tools from Slovakia reached X tons, stabilizing at the year before. Overall, exports recorded tangible growth. The most prominent rate of growth was recorded in 2015 with an increase of 93%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, interchangeable tool exports soared to $X in 2021. The total export value increased at an average annual rate of +6.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 34%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for interchangeable tool exports from Slovakia, accounting for a 52% share of total exports. Moreover, interchangeable tool exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X tons), twofold. The third position in this ranking was taken by Austria (X tons), with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+3.1% per year) and Austria (+27.3% per year).

In value terms, Germany ($X) remains the key foreign market for interchangeable tools for hand tools exports from Slovakia, comprising 41% of total exports. The second position in the ranking was taken by Austria ($X), with a 15% share of total exports. It was followed by the Czech Republic, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+17.1% per year) and the Czech Republic (+0.7% per year).

Export Prices by Country

In 2021, the average interchangeable tool export price amounted to $X per ton, increasing by 27% against the previous year. In general, export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, interchangeable tool export price increased by +46.8% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of 114% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to the Czech Republic ($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 the UK (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Interchangeable Tool Imports

Imports into Slovakia

In 2021, imports of interchangeable tools for hand tools into Slovakia skyrocketed to X tons, surging by 16% on the previous year's figure. In general, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 223% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, interchangeable tool imports surged to $X in 2021. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 30%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), the Czech Republic (X tons) and China (X tons) were the main suppliers of interchangeable tool imports to Slovakia, with a combined 72% share of total imports. These countries were followed by Austria, Italy, South Korea and Poland, which together accounted for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +34.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of interchangeable tools for hand tools to Slovakia, comprising 43% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 15% share of total imports. It was followed by China, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+6.5% per year) and China (+9.0% per year).

Import Prices by Country

In 2021, the average interchangeable tool import price amounted to $X per ton, rising by 8.1% against the previous year. Overall, the import price, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2018 an increase of 71% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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