Slovakia: Non-Hydraulic Press Market 2024

Non-Hydraulic Press Market Size in Slovakia

In 2021, the Slovak non-hydraulic press market decreased by -46.7% to $X, falling for the second consecutive year after two years of growth. In general, consumption saw a drastic downturn. Non-hydraulic press consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Non-Hydraulic Press Production in Slovakia

In value terms, non-hydraulic press production skyrocketed to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 185% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Non-Hydraulic Press Exports

Exports from Slovakia

In 2021, shipments abroad of non-hydraulic presses for working metal decreased by -48.5% to X units, falling for the third year in a row after two years of growth. Overall, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2017 with an increase of 194%. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, non-hydraulic press exports contracted notably to $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 672% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for non-hydraulic press exports from Slovakia, with a 60% share of total exports. Moreover, non-hydraulic press exports to Germany exceeded the volume sent to the second major destination, Poland (X units), fourfold. The Netherlands (X units) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+56.0% per year) and the Netherlands (+45.4% per year).

In value terms, Germany ($X) remains the key foreign market for non-hydraulic presses for working metal exports from Slovakia, comprising 61% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 14% share of total exports. It was followed by Belgium, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+17.8% per year) and Belgium (+24.3% per year).

Export Prices by Country

The average non-hydraulic press export price stood at $X per unit in 2021, picking up by 11% against the previous year. Overall, the export price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 an increase of 163%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Romania ($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 the United States (+46.5%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Hydraulic Press Imports

Imports into Slovakia

In 2021, the amount of non-hydraulic presses for working metal imported into Slovakia declined markedly to X units, dropping by -29.9% on 2020 figures. Over the period under review, imports showed a mild setback. The most prominent rate of growth was recorded in 2019 when imports increased by 66% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, non-hydraulic press imports soared to $X in 2021. Overall, total imports indicated a strong 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, imports decreased by -24.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 125%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

The Czech Republic (X units), Italy (X units) and South Korea (X units) were the main suppliers of non-hydraulic press imports to Slovakia, with a combined 78% share of total imports. Turkey, Germany, China, Taiwan (Chinese) and Austria lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +47.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constituted the largest supplier of non-hydraulic presses for working metal to Slovakia, comprising 70% of total imports. The second position in the ranking was held by Italy ($X), with an 18% share of total imports. It was followed by the Czech Republic, with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from South Korea amounted to +135.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+16.1% per year) and the Czech Republic (+1.1% per year).

Import Prices by Country

In 2021, the average non-hydraulic press import price amounted to $X per unit, with an increase of 81% against the previous year. Over the period under review, the import price enjoyed resilient growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :