Slovakia: Market for Non-Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Drilling Machines For Working Metal in Slovakia

The Slovak non-numerically controlled drilling machine market dropped dramatically to $X in 2021, which is down by -67.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a buoyant expansion. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Exports of Non-Numerically Controlled Drilling Machines For Working Metal

Exports from Slovakia

In 2021, the amount of non-numerically controlled drilling machines for working metal exported from Slovakia shrank sharply to X tons, falling by -53.7% compared with the previous year's figure. Overall, exports recorded a dramatic shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 508% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, non-numerically controlled drilling machine exports reduced notably to $X in 2021. In general, exports continue to indicate a sharp contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 1,265% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for non-numerically controlled drilling machine exports from Slovakia, with a 63% share of total exports. Moreover, non-numerically controlled drilling machine exports to India exceeded the volume sent to the second major destination, the Czech Republic (X tons), threefold. The third position in this ranking was taken by Poland (X tons), with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume to India amounted to -10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-35.7% per year) and Poland (+12.6% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for non-numerically controlled drilling machines for working metal exports from Slovakia, comprising 64% of total exports. The second position in the ranking was taken by Germany ($X), with a 13% share of total exports. It was followed by Poland, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to the Czech Republic totaled -33.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-40.0% per year) and Poland (+5.8% per year).

Export Prices by Country

In 2021, the average non-numerically controlled drilling machine export price amounted to $X per ton, declining by -61.7% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2020 an increase of 139% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to India ($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 Italy (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Numerically Controlled Drilling Machines For Working Metal

Imports into Slovakia

In 2021, non-numerically controlled drilling machine imports into Slovakia dropped significantly to X tons, shrinking by -63.5% compared with the previous year's figure. In general, imports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 846%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, non-numerically controlled drilling machine imports dropped markedly to $X in 2021. Overall, imports, however, saw a moderate increase. The growth pace was the most rapid in 2019 with an increase of 466% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X tons), the Czech Republic (X tons) and Poland (X tons) were the main suppliers of non-numerically controlled drilling machine imports to Slovakia, together comprising 94% of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +37.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of non-numerically controlled drilling machines for working metal to Slovakia, comprising 81% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 10% share of total imports. It was followed by Italy, with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +27.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-16.5% per year) and Italy (+31.5% per year).

Import Prices by Country

The average non-numerically controlled drilling machine import price stood at $X per ton in 2021, falling by -22.6% against the previous year. Overall, the import price, however, posted a resilient expansion. The pace of growth was the most pronounced in 2020 when the average import price increased by 287% against the previous year. As a result, import price attained the peak level of $X per ton, and then shrank notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Poland ($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 (-1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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