Slovakia: Nail And Bolt Market 2024

Nail And Bolt Market Size in Slovakia

The Slovak nail and bolt market rose to $X in 2021, with an increase of 4% against the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Nail and bolt consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Nail And Bolt Production in Slovakia

In value terms, nail and bolt production totaled $X in 2021 estimated in export price. Over the period under review, production, however, showed prominent growth. The pace of growth was the most pronounced in 2018 with an increase of 101%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Nail And Bolt Exports

Exports from Slovakia

In 2021, nail and bolt exports from Slovakia surged to X tons, jumping by 18% compared with 2020. Over the period under review, exports enjoyed strong growth. The growth pace was the most rapid in 2018 with an increase of 48% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, nail and bolt exports soared to $X in 2021. In general, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +72.9% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), Poland (X tons) and Austria (X tons) were the main destinations of nail and bolt exports from Slovakia, with a combined 36% share of total exports. The Czech Republic, Hungary, Italy, France, Lithuania, Spain, Denmark, the UK, the Netherlands and Slovenia lagged somewhat behind, together comprising a further 47%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +35.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for nails, tacks, staples, screws and bolts exports from Slovakia, comprising 24% of total exports. The second position in the ranking was held by Austria ($X), with a 10% share of total exports. It was followed by the Czech Republic, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+9.4% per year) and the Czech Republic (+11.9% per year).

Export Prices by Country

The average nail and bolt export price stood at $X per ton in 2021, with an increase of 9.7% against the previous year. Over the period under review, the export price, however, saw a pronounced slump. The pace of growth was the most pronounced in 2019 an increase of 67% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

Nail And Bolt Imports

Imports into Slovakia

In 2021, purchases abroad of nails, tacks, staples, screws and bolts was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 41%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, nail and bolt imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +7.4% against 2018 indices. The pace of growth was the most pronounced in 2018 when imports increased by 23% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Germany (X tons) constituted the largest nail and bolt supplier to Slovakia, accounting for a 27% share of total imports. Moreover, nail and bolt imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The Czech Republic (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.9% per year) and the Czech Republic (+3.5% per year).

In value terms, Germany ($X) constituted the largest supplier of nails, tacks, staples, screws and bolts to Slovakia, comprising 33% of total imports. The second position in the ranking was held by the Czech Republic ($X), with an 11% share of total imports. It was followed by South Korea, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+17.2% per year) and South Korea (+5.0% per year).

Import Prices by Country

The average nail and bolt import price stood at $X per ton in 2021, increasing by 13% against the previous year. Overall, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, nail and bolt import price increased by +113.6% against 2015 indices. The pace of growth was the most pronounced in 2013 an increase of 62% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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