Slovakia: Market for Mechanical Appliances For Projecting, Dispersing Or Spraying 2024

Market Size for Mechanical Appliances For Projecting, Dispersing Or Spraying in Slovakia

The Slovak market for mechanical appliances for projecting, dispersing or spraying skyrocketed to $X in 2022, with an increase of 112% against the previous year. In general, consumption recorded a prominent expansion. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Mechanical Appliances For Projecting, Dispersing Or Spraying in Slovakia

In value terms, production of mechanical appliances for projecting, dispersing or spraying contracted dramatically to $X in 2022 estimated in export price. Over the period under review, production recorded a precipitous slump. Over the period under review, production of attained the maximum level at $X in 2021, and then declined significantly in the following year.

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports from Slovakia

Exports of mechanical appliances for projecting, dispersing or spraying from Slovakia declined rapidly to X units in 2022, which is down by -38.5% compared with 2021. In general, exports, however, enjoyed prominent growth. The growth pace was the most rapid in 2016 when exports increased by 453%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying declined sharply to $X in 2022. Overall, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 426%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Poland (X units), the Czech Republic (X units) and India (X units) were the main destinations of exports of mechanical appliances for projecting, dispersing or spraying from Slovakia, together comprising 70% of total exports. Russia, Ukraine, Hungary, Austria and Romania lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +46.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Poland ($X) and Russia ($X) appeared to be the largest markets for mechanical appliances for projecting, dispersing or spraying exported from Slovakia worldwide, together accounting for 76% of total exports.

Russia, with a CAGR of +48.5%, saw the highest growth rate of the value of exports, among 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

In 2022, the average export price for mechanical appliances for projecting, dispersing or spraying amounted to $X per unit, therefore, remained relatively stable against the previous year. In general, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for mechanical appliances for projecting, dispersing or spraying increased by +13.6% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 45%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Ukraine ($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 Hungary (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports into Slovakia

In 2022, after three years of decline, there was significant growth in purchases abroad of mechanical appliances for projecting, dispersing or spraying, when their volume increased by 10% to X units. Overall, imports posted strong growth. The most prominent rate of growth was recorded in 2018 when imports increased by 82%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying skyrocketed to $X in 2022. Over the period under review, imports showed a temperate increase. The most prominent rate of growth was recorded in 2016 with an increase of 59% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X units), China (X units) and the Netherlands (X units) were the main suppliers of imports of mechanical appliances for projecting, dispersing or spraying to Slovakia, with a combined 52% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +92.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of mechanical appliances for projecting, dispersing or spraying to Slovakia, comprising 29% of total imports. The second position in the ranking was held by Germany ($X), with a 12% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.2% per year) and China (+9.4% per year).

Import Prices by Country

The average import price for mechanical appliances for projecting, dispersing or spraying stood at $X per unit in 2022, picking up by 23% against the previous year. Over the period under review, the import price, however, showed a pronounced reduction. The growth pace was the most rapid in 2019 an increase of 51% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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