Slovakia: Electroplating Machine Market 2024

Electroplating Machine Market Size in Slovakia

In 2021, after two years of growth, there was significant decline in the Slovak electroplating machine market, when its value decreased by -8.4% to $X. In general, consumption, however, saw resilient growth. Electroplating machine consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Electroplating Machine Exports

Exports from Slovakia

In 2021, the amount of machines for electroplating, electrolysis or electrophoresis exported from Slovakia expanded notably to X units, with an increase of 9.2% on 2020. Over the period under review, exports recorded a resilient expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 666% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, electroplating machine exports surged to $X in 2021. In general, exports posted a significant increase. The growth pace was the most rapid in 2013 with an increase of 427%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bulgaria (X units), the Czech Republic (X units) and Germany (X units) were the main destinations of electroplating machine exports from Slovakia, together comprising 99% of total exports.

From 2012 to 2021, the biggest increases were in Germany (with a CAGR of +163.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electroplating machine exported from Slovakia were Bulgaria ($X), Germany ($X) and the Czech Republic ($X), with a combined 96% share of total exports.

Germany, with a CAGR of +144.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electroplating machine export price stood at $X per unit in 2021, picking up by 55% against the previous year. Overall, the export price posted buoyant growth. The growth pace was the most rapid in 2016 when the average export price increased by 213% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was India ($X per unit), while the average price for exports to the Czech Republic ($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 Sweden (+4,458.4%), while the prices for the other major destinations experienced more modest paces of growth.

Electroplating Machine Imports

Imports into Slovakia

In 2021, after two years of growth, there was significant decline in supplies from abroad of machines for electroplating, electrolysis or electrophoresis, when their volume decreased by -8.2% to X units. Over the period under review, imports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2016 when imports increased by 1,751%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, electroplating machine imports expanded modestly to $X in 2021. Overall, imports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2016 when imports increased by 512%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, South Korea (X units) was the main supplier of electroplating machine to Slovakia, with a 92% share of total imports. Moreover, electroplating machine imports from South Korea exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), more than tenfold. The third position in this ranking was held by Poland (X units), with a 1.9% share.

From 2012 to 2021, the average annual growth rate of volume from South Korea amounted to +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-13.6% per year) and Poland (+223.9% per year).

In value terms, South Korea ($X) constituted the largest supplier of electroplating machine to Slovakia, comprising 80% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 16% share of total imports. It was followed by Poland, with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from South Korea stood at -4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-10.7% per year) and Poland (+122.8% per year).

Import Prices by Country

In 2021, the average electroplating machine import price amounted to $X per unit, surging by 13% against the previous year. Overall, the import price, however, showed a abrupt setback. The pace of growth was the most pronounced in 2015 an increase of 277%. As a result, import price attained the peak level of $X per unit. From 2016 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 Germany ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+19.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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