Slovakia: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in Slovakia

The Slovak machine tool for metal market plummeted to $X in 2021, with a decrease of -52% against the previous year. Over the period under review, consumption showed a abrupt decrease. Machine tool for metal consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Machine Tools For Working Metal Without Removing Metal in Slovakia

In value terms, machine tool for metal production totaled $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 11% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from Slovakia

In 2021, the amount of machine tools for working metal without removing metal exported from Slovakia skyrocketed to X units, rising by 913% on the previous year. Over the period under review, exports posted significant growth. The growth pace was the most rapid in 2019 when exports increased by 10,288% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, machine tool for metal exports soared to $X in 2021. In general, exports showed a buoyant expansion. The growth pace was the most rapid in 2019 when exports increased by 7,891% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for machine tool for metal exports from Slovakia, accounting for a 71% share of total exports. Moreover, machine tool for metal exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +62.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+66.5% per year) and Kosovo (0.0% per year).

In value terms, Germany ($X) emerged as the key foreign market for machine tools for working metal without removing metal exports from Slovakia, comprising 57% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +23.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+67.0% per year) and Kosovo (0.0% per year).

Export Prices by Country

In 2021, the average machine tool for metal export price amounted to $X per unit, waning by -22.1% against the previous year. Over the period under review, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2014 an increase of 805% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to Kosovo ($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 the United States (+38.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into Slovakia

In 2021, approx. X units of machine tools for working metal without removing metal were imported into Slovakia; surging by 57% on 2020 figures. Overall, imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of 348% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, machine tool for metal imports surged to $X in 2021. In general, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest machine tool for metal supplier to Slovakia, accounting for a 72% share of total imports. Moreover, machine tool for metal imports from Germany exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), ninefold. China (X units) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+35.9% per year) and China (+10.3% per year).

In value terms, Germany ($X) constituted the largest supplier of machine tools for working metal without removing metal to Slovakia, comprising 79% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 7.4% share of total imports. It was followed by China, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +30.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+6.4% per year) and China (+31.2% per year).

Import Prices by Country

In 2021, the average machine tool for metal import price amounted to $X per unit, with an increase of 317% against the previous year. Over the period under review, the import price posted resilient growth. The pace of growth appeared the most rapid in 2017 an increase of 878% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 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, the country with the highest price was the Czech Republic ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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