Slovakia - Machines for Balancing Mechanical Parts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSlovakia: Market for Machines For Balancing Mechanical Parts 2024
Market Size for Machines For Balancing Mechanical Parts in Slovakia
In 2021, the Slovak balancing mechanical parts machine market increased by 49% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption posted slight growth. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.
Exports of Machines For Balancing Mechanical Parts
Exports from Slovakia
In 2021, approx. X units of machines for balancing mechanical parts were exported from Slovakia; with a decrease of -10.8% compared with 2020 figures. Overall, exports saw a slight contraction. The pace of growth appeared the most rapid in 2017 with an increase of 1,164% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.
In value terms, balancing mechanical parts machine exports contracted to $X in 2021. In general, exports saw a noticeable downturn. The growth pace was the most rapid in 2017 when exports increased by 847% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.
Exports by Country
The Czech Republic (X units) was the main destination for balancing mechanical parts machine exports from Slovakia, with a 80% share of total exports. Moreover, balancing mechanical parts machine exports to the Czech Republic exceeded the volume sent to the second major destination, the Netherlands (X units), tenfold. Austria (X units) ranked third in terms of total exports with a 3.7% share.
From 2012 to 2021, the average annual growth rate of volume to the Czech Republic totaled -1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-11.2% per year) and Austria (0.0% per year).
In value terms, the Czech Republic ($X) remains the key foreign market for machines for balancing mechanical parts exports from Slovakia, comprising 61% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 7.7% share of total exports. It was followed by the United Arab Emirates, with a 4.4% share.
From 2012 to 2021, the average annual rate of growth in terms of value to the Czech Republic stood at -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-5.1% per year) and the United Arab Emirates (-18.8% per year).
Export Prices by Country
In 2021, the average balancing mechanical parts machine export price amounted to $X per unit, remaining stable against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 66%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United Arab Emirates ($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 Germany (+77.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machines For Balancing Mechanical Parts
Imports into Slovakia
In 2021, supplies from abroad of machines for balancing mechanical parts increased by 20% to X units, rising for the second year in a row after two years of decline. In general, imports, however, continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 199% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.
In value terms, balancing mechanical parts machine imports skyrocketed to $X in 2021. Overall, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 133% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.
Imports by Country
France (X units), Italy (X units) and Germany (X units) were the main suppliers of balancing mechanical parts machine imports to Slovakia, together comprising 68% of total imports.
From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +75.2%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest balancing mechanical parts machine suppliers to Slovakia were Germany ($X), France ($X) and Italy ($X), together comprising 82% of total imports.
In terms of the main suppliers, Germany, with a CAGR of +83.8%, saw the highest rates of growth with regard to 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
The average balancing mechanical parts machine import price stood at $X per unit in 2021, rising by 48% against the previous year. Over the period under review, the import price recorded a strong increase. The most prominent rate of growth was recorded in 2015 an increase of 98% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+40.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for balancing mechanical parts machine in Slovakia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28993970 - Machines for balancing mechanical parts
Country coverage:
- Slovakia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Slovakia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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