Slovakia: Machine-Tool For Drilling Market 2024

Machine-Tool For Drilling Market Size in Slovakia

In 2022, the Slovak machine-tool for drilling market decreased by -11.8% to $X, falling for the second consecutive year after two years of growth. Overall, consumption, however, enjoyed pronounced growth. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Machine-Tool For Drilling Production in Slovakia

In value terms, machine-tool for drilling production skyrocketed to $X in 2022 estimated in export price. Overall, production enjoyed significant growth. The growth pace was the most rapid in 2017 with an increase of 126% against the previous year. Machine-tool for drilling production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Machine-Tool For Drilling Exports

Exports from Slovakia

In 2022, after two years of growth, there was significant decline in shipments abroad of machine-tools for drilling, boring or milling metal, when their volume decreased by -8.2% to X units. Overall, exports, however, posted slight growth. The most prominent rate of growth was recorded in 2017 when exports increased by 186%. The exports peaked at X units in 2021, and then fell in the following year.

In value terms, machine-tool for drilling exports surged to $X in 2022. Over the period under review, exports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 224% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Hungary (X units), China (X units) and Mexico (X units) were the main destinations of machine-tool for drilling exports from Slovakia, together comprising 75% of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +54.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine-tool for drilling exported from Slovakia were Hungary ($X), Slovenia ($X) and China ($X), with a combined 76% share of total exports.

Slovenia, with a CAGR of +151.3%, 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 machine-tool for drilling export price stood at $X per unit in 2022, picking up by 45% against the previous year. Over the period under review, the export price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 112%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Slovenia ($X per unit), while the average price for exports to South Korea ($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 Slovenia (+128.2%), while the prices for the other major destinations experienced more modest paces of growth.

Machine-Tool For Drilling Imports

Imports into Slovakia

Machine-tool for drilling imports into Slovakia reduced remarkably to X units in 2022, with a decrease of -23.3% on the previous year's figure. Over the period under review, imports, however, posted a modest expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 199% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, machine-tool for drilling imports stood at $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 83% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), the Czech Republic (X units) and South Korea (X units) were the main suppliers of machine-tool for drilling imports to Slovakia, with a combined 47% share of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +92.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of machine-tools for drilling, boring or milling metal to Slovakia, comprising 23% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 9.7% share of total imports. It was followed by Italy, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-12.9% per year) and Italy (+16.8% per year).

Import Prices by Country

The average machine-tool for drilling import price stood at $X per unit in 2022, picking up by 45% against the previous year. Over the period under review, the import price, however, continues to indicate a mild downturn. The growth pace was the most rapid in 2018 an increase of 395% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+45.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :