Slovakia: Milling Industry Machinery Market 2024

Milling Industry Machinery Market Size in Slovakia

The Slovak milling industry machinery market expanded remarkably to $X in 2022, rising by X% against the previous year. In general, consumption, however, continues to indicate a pronounced setback. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Milling Industry Machinery Production in Slovakia

In value terms, milling industry machinery production surged to $X in 2022 estimated in export price. In general, production, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Milling Industry Machinery Exports

Exports from Slovakia

In 2022, the amount of milling industry machinery exported from Slovakia soared to X units, growing by X% compared with 2021 figures. Overall, exports enjoyed a resilient expansion. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, milling industry machinery exports skyrocketed to $X in 2022. In general, exports saw notable growth. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X units) was the main destination for milling industry machinery exports from Slovakia, accounting for a X% share of total exports. Moreover, milling industry machinery exports to Turkey exceeded the volume sent to the second major destination, the Netherlands (X units), more than tenfold. Germany (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Germany (X% per year).

In value terms, Turkey ($X) emerged as the key foreign market for milling industry machinery exports from Slovakia, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Switzerland (X% per year).

Export Prices by Country

In 2022, the average milling industry machinery export price amounted to $X per unit, growing by X% against the previous year. Overall, the export price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Germany ($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 Switzerland (X%), while the prices for the other major destinations experienced a decline.

Milling Industry Machinery Imports

Imports into Slovakia

In 2022, purchases abroad of milling industry machinery increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports saw a pronounced increase. The pace of growth appeared the most rapid in 2019 when imports increased by X%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, milling industry machinery imports skyrocketed to $X in 2022. Overall, imports, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Turkey (X units), Hungary (X units) and Austria (X units) were the main suppliers of milling industry machinery imports to Slovakia, with a combined X% share of total imports.

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

In value terms, Hungary ($X), Austria ($X) and Turkey ($X) were the largest milling industry machinery suppliers to Slovakia, with a combined X% share of total imports. The Czech Republic, Poland, France, the Netherlands, China, Germany, Belgium and Romania lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, 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 2022, the average milling industry machinery import price amounted to $X per unit, remaining stable against the previous year. In general, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a 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 the Czech Republic ($X per unit), while the price for Romania ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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