Slovakia: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Slovakia

In 2021, the Slovak lathe for removing metal market increased by 80% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, faced a abrupt decline. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Production of Lathes For Removing Metal in Slovakia

In value terms, lathe for removing metal production soared to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible decline. Lathe for removing metal production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Lathes For Removing Metal

Exports from Slovakia

After two years of decline, overseas shipments of lathes for removing metal increased by 9% to X units in 2021. Over the period under review, exports, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by 39% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, lathe for removing metal exports skyrocketed to $X in 2021. Overall, exports, however, saw a perceptible decrease. The pace of growth was the most pronounced in 2018 when exports increased by 42%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X units), Hungary (X units) and Germany (X units) were the main destinations of lathe for removing metal exports from Slovakia, with a combined 72% share of total exports. These countries were followed by the Czech Republic, Poland, Mexico, Austria, Finland, Russia and Ukraine, which together accounted for a further 17%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +26.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Germany ($X) and Turkey ($X) appeared to be the largest markets for lathe for removing metal exported from Slovakia worldwide, together comprising 80% of total exports.

Hungary, with a CAGR of +25.1%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2021, the average lathe for removing metal export price amounted to $X per unit, surging by 5.7% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lathes For Removing Metal

Imports into Slovakia

In 2021, supplies from abroad of lathes for removing metal was finally on the rise to reach X units after two years of decline. Overall, imports, however, showed a deep contraction. The pace of growth was the most pronounced in 2018 when imports increased by 85% against the previous year. Over the period under review, lafor removing metal imports attained the maximum at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, lathe for removing metal imports contracted to $X in 2021. Over the period under review, imports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2014 when imports increased by 65%. Over the period under review, lafor removing metal imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest lathe for removing metal supplier to Slovakia, accounting for a 47% share of total imports. Moreover, lathe for removing metal imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), twofold. The third position in this ranking was held by Slovenia (X units), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at -16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-2.8% per year) and Slovenia (+0.4% per year).

In value terms, Germany ($X) constituted the largest supplier of lathes for removing metal to Slovakia, comprising 52% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 19% share of total imports. It was followed by Belgium, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to -7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-1.5% per year) and Belgium (+39.5% per year).

Import Prices by Country

The average lathe for removing metal import price stood at $X per unit in 2021, shrinking by -44.9% against the previous year. Overall, the import price, however, showed strong growth. The growth pace was the most rapid in 2016 when the average import price increased by 225% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices failed to regain momentum.

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 Belgium ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+38.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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