Slovakia: Loading Machinery Market 2024

Loading Machinery Market Size in Slovakia

For the third year in a row, the Slovak loading machinery market recorded decline in sales value, which decreased by -65% to $X in 2022. Over the period under review, consumption continues to indicate a deep reduction. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Loading Machinery Production in Slovakia

In value terms, loading machinery production skyrocketed to $X in 2022 estimated in export price. Overall, production saw a deep downturn. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Loading Machinery Exports

Exports from Slovakia

In 2022, exports of lifting, handling, loading or unloading machinery from Slovakia surged to X units, growing by 25% compared with 2021. Over the period under review, total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, loading machinery exports surged to $X in 2022. Overall, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.5% against 2020 indices. The pace of growth was the most pronounced in 2014 when exports increased by 60% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

The United States (X units), Australia (X units) and Israel (X units) were the main destinations of loading machinery exports from Slovakia, with a combined 46% share of total exports. Argentina, Canada, Turkey, Switzerland, South Africa, Hong Kong SAR, Colombia, Mexico, the Czech Republic and Russia lagged somewhat behind, together comprising a further 41%.

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 +130.5%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), the United States ($X) and Israel ($X) constituted the largest markets for loading machinery exported from Slovakia worldwide, with a combined 43% share of total exports. Argentina, the Czech Republic, Switzerland, Canada, Turkey, Mexico, Colombia, South Africa, Hong Kong SAR and Russia lagged somewhat behind, together accounting for a further 42%.

Turkey, with a CAGR of +160.9%, saw 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

In 2022, the average loading machinery export price amounted to $X per unit, approximately reflecting the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 27% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Loading Machinery Imports

Imports into Slovakia

In 2022, approx. X units of lifting, handling, loading or unloading machinery were imported into Slovakia; surging by 5.2% against the previous year. Over the period under review, imports showed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 54% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, loading machinery imports fell modestly to $X in 2022. In general, imports recorded measured growth. The pace of growth was the most pronounced in 2021 when imports increased by 51%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Czech Republic (X units), Poland (X units) and Germany (X units) were the main suppliers of loading machinery imports to Slovakia, with a combined 43% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +63.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest loading machinery suppliers to Slovakia were the Czech Republic ($X), Germany ($X) and Japan ($X), with a combined 33% share of total imports. These countries were followed by Poland, Switzerland, Sweden, South Korea, the Netherlands, China, the UK, Italy, France and Ukraine, which together accounted for a further 31%.

Switzerland, with a CAGR of +116.7%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average loading machinery import price stood at $X per unit in 2022, falling by -6.1% against the previous year. In general, the import price continues to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 an increase of 30% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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