Slovakia: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2024

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Slovakia

For the third year in a row, the Slovak market for machine-tools for working stone, ceramics, and concrete recorded growth in sales value, which increased by 7.6% to $X in 2022. Over the period under review, consumption continues to indicate a temperate increase. Machine tools for working stone consumption peaked in 2022 and is likely to continue growth in the immediate term.

Production of Machine-Tools For Working Stone, Ceramics, And Concrete in Slovakia

In value terms, machine tools for working stone production shrank to $X in 2022 estimated in export price. In general, production, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 73% against the previous year. Machine tools for working stone production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Slovakia

In 2022, overseas shipments of machine-tools for working stone, ceramics, and concrete decreased by -8.5% to X units, falling for the third year in a row after three years of growth. In general, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 28,076%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, machine tools for working stone exports fell rapidly to $X in 2022. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 10,338%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) and Russia (X units) were the main destinations of machine tools for working stone exports from Slovakia.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +180.7%).

In value terms, Russia ($X), Germany ($X) and Austria ($X) constituted the largest markets for machine tools for working stone exported from Slovakia worldwide, together comprising 98% of total exports.

Among the main countries of destination, Russia, with a CAGR of +120.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, which is down by -13.8% against the previous year. Overall, the export price, however, recorded modest growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 230%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Germany ($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 Moldova (+11.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Slovakia

Machine tools for working stone imports into Slovakia soared to X units in 2022, increasing by 37% on the year before. Over the period under review, imports recorded a strong increase. The growth pace was the most rapid in 2013 with an increase of 500% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, machine tools for working stone imports dropped to $X in 2022. In general, imports posted a strong expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 166% against the previous year. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Germany (X units) and Austria (X units) were the main suppliers of machine tools for working stone imports to Slovakia, with a combined 84% share of total imports. Italy, Spain, the United States, Poland, the Czech Republic and France lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +65.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Austria ($X) appeared to be the largest machine tools for working stone suppliers to Slovakia, with a combined 73% share of total imports. Italy, Spain, the United States, Poland, the Czech Republic and France lagged somewhat behind, together accounting for a further 19%.

In terms of the main suppliers, the United States, with a CAGR of +55.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, shrinking by -34.2% against the previous year. Over the period under review, the import price saw a mild curtailment. The most prominent rate of growth was recorded in 2015 an increase of 225%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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