Slovakia: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in Slovakia

The Slovak food manufacture machinery market expanded modestly to $X in 2021, picking up by 3.1% against the previous year. In general, the total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +57.2% against 2018 indices. Food manufacture machinery consumption peaked in 2021 and is expected to retain growth in the immediate term.

Food Manufacture Machinery Production in Slovakia

In value terms, food manufacture machinery production shrank markedly to $X in 2021 estimated in export price. In general, the total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +47.2% against 2018 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 45% against the previous year. As a result, production attained the peak level of $X, and then shrank markedly in the following year.

Food Manufacture Machinery Exports

Exports from Slovakia

In 2021, exports of machinery for the preparation or manufacture of food or drink from Slovakia dropped significantly to X units, shrinking by -71.1% compared with the previous year. In general, exports, however, showed a resilient increase. The growth pace was the most rapid in 2013 when exports increased by 415%. The exports peaked at X units in 2020, and then shrank notably in the following year.

In value terms, food manufacture machinery exports shrank markedly to $X in 2021. Over the period under review, exports, however, enjoyed a notable expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 379% against the previous year. As a result, the exports reached the peak of $X, and then dropped dramatically in the following year.

Exports by Country

Russia (X units), Poland (X units) and Belarus (X units) were the main destinations of food manufacture machinery exports from Slovakia, together accounting for 68% of total exports. These countries were followed by Uzbekistan, the Czech Republic, Italy, Hungary and Serbia, which together accounted for a further 28%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +68.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) emerged as the key foreign market for machinery for the preparation or manufacture of food or drink exports from Slovakia, comprising 34% of total exports. The second position in the ranking was held by Belarus ($X), with a 12% share of total exports. It was followed by Poland, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Russia stood at +14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (-9.8% per year) and Poland (-3.3% per year).

Export Prices by Country

The average food manufacture machinery export price stood at $X per unit in 2021, falling by -22% against the previous year. In general, the export price showed a perceptible curtailment. The growth pace was the most rapid in 2019 when the average export price increased by 39% against the previous year. The export price peaked at $X per unit in 2020, and then contracted significantly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Italy ($X per unit), while the average price for exports to Poland ($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 Czech Republic (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.

Food Manufacture Machinery Imports

Imports into Slovakia

In 2021, supplies from abroad of machinery for the preparation or manufacture of food or drink decreased by -46.4% to X units, falling for the second year in a row after three years of growth. Overall, imports, however, continue to indicate temperate growth. The pace of growth was the most pronounced in 2014 with an increase of 53%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, food manufacture machinery imports declined remarkably to $X in 2021. Over the period under review, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 81%. Imports peaked at $X in 2020, and then dropped sharply in the following year.

Imports by Country

In 2021, Taiwan (Chinese) (X units) constituted the largest food manufacture machinery supplier to Slovakia, with a 47% share of total imports. Moreover, food manufacture machinery imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), threefold. The third position in this ranking was taken by Italy (X units), with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) stood at +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+4.5% per year) and Italy (+16.3% per year).

In value terms, Germany ($X), France ($X) and Taiwan (Chinese) ($X) were the largest food manufacture machinery suppliers to Slovakia, with a combined 50% share of total imports. These countries were followed by Italy, the Czech Republic, Serbia, Turkey, China and Hungary, which together accounted for a further 39%.

Serbia, with a CAGR of +392.3%, recorded the highest growth rate of the value of imports, among 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 food manufacture machinery import price amounted to $X per unit, falling by -26% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2020 when the average import price increased by 51%. As a result, import price reached the peak level of $X per unit, and then declined sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Serbia (+25.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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