Slovakia: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Slovakia

The Slovak machine-tool for removing material market dropped significantly to $X in 2021, with a decrease of -16% against the previous year. Overall, consumption, however, enjoyed prominent growth. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Machine-Tools For Working Any Material By Removal Of Material in Slovakia

In value terms, machine-tool for removing material production shrank dramatically to $X in 2021 estimated in export price. Over the period under review, production, however, showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 10,777% against the previous year. As a result, production reached the peak level of $X, and then fell remarkably in the following year.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Slovakia

Machine-tool for removing material exports from Slovakia surged to X units in 2021, with an increase of 19% on 2020 figures. Over the period under review, exports saw a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 157%. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, machine-tool for removing material exports surged to $X in 2021. In general, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 48% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Germany (X units), Italy (X units) and the United States (X units) were the main destinations of machine-tool for removing material exports from Slovakia, together accounting for 50% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +77.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine-tool for removing material exported from Slovakia were Germany ($X), Italy ($X) and France ($X), with a combined 40% share of total exports.

Among the main countries of destination, Italy, with a CAGR of +69.8%, 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

In 2021, the average machine-tool for removing material export price amounted to $X per unit, rising by 11% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 72% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Spain ($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 Germany (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Slovakia

Machine-tool for removing material imports into Slovakia skyrocketed to X units in 2021, rising by 72% compared with 2020 figures. Over the period under review, imports saw prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of 228%. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, machine-tool for removing material imports soared to $X in 2021. Overall, imports enjoyed a resilient increase. The pace of growth was the most pronounced in 2014 when imports increased by 104%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Italy (X units) and the Czech Republic (X units) were the main suppliers of machine-tool for removing material imports to Slovakia, together comprising 60% of total imports. These countries were followed by Germany, the Netherlands, Luxembourg, Portugal and Austria, which together accounted for a further 34%.

From 2012 to 2021, the biggest increases were recorded for Luxembourg (with a CAGR of +410.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest machine-tool for removing material suppliers to Slovakia were Germany ($X), Italy ($X) and the Netherlands ($X), together accounting for 74% of total imports. These countries were followed by the Czech Republic, China, Luxembourg, Portugal and Austria, which together accounted for a further 17%.

Luxembourg, with a CAGR of +197.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average machine-tool for removing material import price amounted to $X per unit, reducing by -23.4% against the previous year. Over the period under review, the import price, however, enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 311%. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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