Slovakia: Steel Plaited Band Market 2024

Steel Plaited Band Market Size in Slovakia

In 2022, the Slovak steel plaited band market increased by 1% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, saw a perceptible shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Steel Plaited Band Production in Slovakia

In value terms, steel plaited band production fell remarkably to $X in 2022 estimated in export price. In general, production, however, continues to indicate a mild contraction. The growth pace was the most rapid in 2015 with an increase of 136%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Steel Plaited Band Exports

Exports from Slovakia

Steel plaited band exports from Slovakia contracted slightly to X tons in 2022, falling by -2.2% compared with the year before. In general, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of 90%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, steel plaited band exports declined slightly to $X in 2022. Over the period under review, total exports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -36.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 45% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Switzerland (X tons), the Czech Republic (X tons) and Germany (X tons) were the main destinations of steel plaited band exports from Slovakia, with a combined 83% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +67.2%), while 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 steel plaited band exported from Slovakia worldwide, together comprising 80% of total exports. Switzerland, France and Belgium lagged somewhat behind, together accounting for a further 14%.

In terms of the main countries of destination, Switzerland, with a CAGR of +74.0%, saw 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

The average steel plaited band export price stood at $X per ton in 2022, almost unchanged from the previous year. In general, the export price, however, enjoyed strong growth. The growth pace was the most rapid in 2014 an increase of 132% against the previous year. The export price peaked at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Switzerland ($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 Belgium (+27.9%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Plaited Band Imports

Imports into Slovakia

In 2022, imports of iron or steel plaited bands and slings into Slovakia skyrocketed to X tons, jumping by 73% on 2021. Over the period under review, imports, however, saw a deep setback. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, steel plaited band imports skyrocketed to $X in 2022. In general, imports, however, recorded a deep slump. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of steel plaited band to Slovakia, with a 64% share of total imports. Moreover, steel plaited band imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), sevenfold. The third position in this ranking was held by the Czech Republic (X tons), with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to -14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-9.5% per year) and the Czech Republic (-21.6% per year).

In value terms, Italy ($X) constituted the largest supplier of iron or steel plaited bands and slings to Slovakia, comprising 53% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 12% share of total imports. It was followed by Germany, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy amounted to -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-18.6% per year) and Germany (-4.9% per year).

Import Prices by Country

The average steel plaited band import price stood at $X per ton in 2022, reducing by -8.1% against the previous year. Over the period under review, the import price, however, saw a prominent increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 31% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then contracted in the following year.

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 ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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