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

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

The Slovak non-numerically controlled sharpening machine market rose to $X in 2022, surging by 2.7% against the previous year. Overall, consumption, however, recorded a slight slump. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Non-Numerically Controlled Sharpening Machines For Working Metal in Slovakia

In value terms, non-numerically controlled sharpening machine production amounted to $X in 2022 estimated in export price. Over the period under review, production showed a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 78% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports from Slovakia

In 2022, overseas shipments of non-numerically controlled sharpening machines for working metal decreased by -40.8% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2016 when exports increased by 426%. Over the period under review, the exports hit record highs at X units in 2021, and then shrank dramatically in the following year.

In value terms, non-numerically controlled sharpening machine exports fell to $X in 2022. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 381%. The exports peaked at $X in 2021, and then shrank modestly in the following year.

Exports by Country

Poland (X units), Germany (X units) and the Czech Republic (X units) were the main destinations of non-numerically controlled sharpening machine exports from Slovakia, together accounting for 96% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +131.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-numerically controlled sharpening machine exported from Slovakia were Poland ($X), Germany ($X) and the Czech Republic ($X), with a combined 89% share of total exports.

In terms of the main countries of destination, Poland, with a CAGR of +106.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average non-numerically controlled sharpening machine export price amounted to $X per unit, increasing by 68% against the previous year. Over the period under review, the export price, however, recorded a abrupt descent. Over the period under review, the average export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per unit), while the average price for exports to Italy ($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 the Czech Republic (+1.4%), while the prices for the other major destinations experienced a decline.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports into Slovakia

Non-numerically controlled sharpening machine imports into Slovakia shrank remarkably to X units in 2022, which is down by -33.1% against 2021 figures. Overall, imports continue to indicate a slight setback. The most prominent rate of growth was recorded in 2018 when imports increased by 292%. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, non-numerically controlled sharpening machine imports declined rapidly to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 328% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest non-numerically controlled sharpening machine supplier to Slovakia, with a 69% share of total imports. Moreover, non-numerically controlled sharpening machine imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X units), fivefold. The third position in this ranking was taken by Germany (X units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+78.7% per year) and Germany (-18.3% per year).

In value terms, China ($X) constituted the largest supplier of non-numerically controlled sharpening machines for working metal to Slovakia, comprising 45% of total imports. The second position in the ranking was held by Sweden ($X), with a 12% share of total imports. It was followed by Germany, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+78.2% per year) and Germany (-16.4% per year).

Import Prices by Country

The average non-numerically controlled sharpening machine import price stood at $X per unit in 2022, growing by 3.2% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-numerically controlled sharpening machine import price increased by +67.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 33%. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 ($X per unit), while the price for China ($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 Czech Republic (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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