Slovakia: Feedstuff Preparing Machinery Market 2024

Feedstuff Preparing Machinery Market Size in Slovakia

The Slovak feedstuff preparing machinery market contracted to $X in 2021, dropping by -13.9% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. 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.

Feedstuff Preparing Machinery Production in Slovakia

In value terms, feedstuff preparing machinery production declined markedly to $X in 2021 estimated in export price. In general, production saw a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 36% against the previous year. As a result, production attained the peak level of $X, and then reduced markedly in the following year.

Feedstuff Preparing Machinery Exports

Exports from Slovakia

In 2021, after three years of growth, there was significant decline in overseas shipments of machinery for preparing animal feedstuffs, when their volume decreased by -47.6% to X units. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 57%. The exports peaked at X units in 2020, and then contracted sharply in the following year.

In value terms, feedstuff preparing machinery exports fell rapidly to $X in 2021. Overall, exports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2013 when exports increased by 86% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020, and then declined markedly in the following year.

Exports by Country

Denmark (X units), the Netherlands (X units) and Germany (X units) were the main destinations of feedstuff preparing machinery exports from Slovakia, together accounting for 35% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +101.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for feedstuff preparing machinery exported from Slovakia were Denmark ($X), Brazil ($X) and Bangladesh ($X), with a combined 42% share of total exports. Chile, the Netherlands, the Czech Republic, Germany, Belgium, Serbia, Portugal, Lithuania, Spain and Italy lagged somewhat behind, together accounting for a further 32%.

In terms of the main countries of destination, Spain, with a CAGR of +222.1%, recorded 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

The average feedstuff preparing machinery export price stood at $X per unit in 2021, picking up by 37% against the previous year. In general, the export price enjoyed a resilient increase. The growth pace was the most rapid in 2016 when the average export price increased by 93% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Bangladesh ($X per unit), while the average price for exports to Belgium ($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 Denmark (+28.8%), while the prices for the other major destinations experienced more modest paces of growth.

Feedstuff Preparing Machinery Imports

Imports into Slovakia

In 2021, approx. X units of machinery for preparing animal feedstuffs were imported into Slovakia; jumping by 21% against the previous year. Over the period under review, imports, however, showed a abrupt contraction. The growth pace was the most rapid in 2019 when imports increased by 136% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, feedstuff preparing machinery imports soared to $X in 2021. Overall, imports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2019 with an increase of 133% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Italy (X units) constituted the largest feedstuff preparing machinery supplier to Slovakia, accounting for a 63% share of total imports. Moreover, feedstuff preparing machinery imports from Italy exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), sixfold. The third position in this ranking was taken by France (X units), with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume from Italy totaled -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+0.9% per year) and France (-1.2% per year).

In value terms, Italy ($X) constituted the largest supplier of machinery for preparing animal feedstuffs to Slovakia, comprising 58% of total imports. The second position in the ranking was taken by Germany ($X), with a 13% share of total imports. It was followed by the Czech Republic, with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-9.8% per year) and the Czech Republic (-0.5% per year).

Import Prices by Country

In 2021, the average feedstuff preparing machinery import price amounted to $X per unit, surging by 21% against the previous year. Over the period under review, the import price, however, saw a noticeable curtailment. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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