Slovakia: Non-Domestic Dryer Market 2024

Non-Domestic Dryer Market Size in Slovakia

The Slovak non-domestic dryer market dropped sharply to $X in 2021, shrinking by -86.1% against the previous year. Overall, consumption showed a precipitous setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Non-Domestic Dryer Production in Slovakia

In value terms, non-domestic dryer production fell notably to $X in 2021 estimated in export price. In general, production showed a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 147% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Non-Domestic Dryer Exports

Exports from Slovakia

In 2021, overseas shipments of non-domestic dryers increased by 689% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports recorded a strong expansion. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-domestic dryer exports soared to $X in 2021. Overall, exports recorded a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Belarus (X units) was the main destination for non-domestic dryer exports from Slovakia, accounting for a 1.8% share of total exports. Moreover, non-domestic dryer exports to Belarus exceeded the volume sent to the second major destination, Russia (X units), fourfold. Georgia (X units) ranked third in terms of total exports with a 0.1% share.

From 2012 to 2021, the average annual growth rate of volume to Belarus totaled +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+33.2% per year) and Georgia (+92.0% per year).

In value terms, Belarus ($X) emerged as the key foreign market for non-domestic dryers exports from Slovakia, comprising 79% of total exports. The second position in the ranking was taken by Russia ($X), with a 14% share of total exports. It was followed by Georgia, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value to Belarus was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+24.1% per year) and Georgia (+87.4% per year).

Export Prices by Country

In 2021, the average non-domestic dryer export price amounted to $X per unit, waning by -7.1% against the previous year. Overall, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2016 an increase of 21%. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Georgia ($X per unit), while the average price for exports to Russia ($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 Georgia (-1.2%), while the prices for the other major destinations experienced a decline.

Non-Domestic Dryer Imports

Imports into Slovakia

Non-domestic dryer imports into Slovakia fell significantly to X units in 2021, which is down by -63.4% on the previous year. In general, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of 634%. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, non-domestic dryer imports declined sharply to $X in 2021. Overall, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2019 when imports increased by 394% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The Czech Republic (X units), Belgium (X units) and Germany (X units) were the main suppliers of non-domestic dryer imports to Slovakia, together comprising 1% of total imports. Bulgaria, China, Austria, Poland and Italy lagged somewhat behind, together comprising a further 0.4%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +60.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Germany ($X) and the Czech Republic ($X) constituted the largest non-domestic dryer suppliers to Slovakia, together comprising 71% of total imports. Belgium, Austria, Poland, China and Italy lagged somewhat behind, together accounting for a further 17%.

Austria, with a CAGR of +51.0%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2021, the average non-domestic dryer import price amounted to $X per unit, rising by 10% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 30% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bulgaria ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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