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

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

In 2021, the Slovak numerically controlled drilling machine market decreased by -31.7% to $X, falling for the second year in a row after two years of decline. In general, consumption, however, showed mild growth. Numerically controlled drilling machine consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Numerically Controlled Drilling Machines For Working Metal in Slovakia

In value terms, numerically controlled drilling machine production surged to $X in 2021 estimated in export price. In general, production recorded a strong increase. The growth pace was the most rapid in 2014 with an increase of 253% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from Slovakia

In 2021, after two years of growth, there was significant decline in overseas shipments of numerically controlled drilling machines for working metal, when their volume decreased by -52.1% to X tons. In general, exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 11,973% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, numerically controlled drilling machine exports contracted remarkably to $X in 2021. Over the period under review, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2014 when exports increased by 5,823% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for numerically controlled drilling machine exports from Slovakia, with a 81% share of total exports. Moreover, numerically controlled drilling machine exports to China exceeded the volume sent to the second major destination, the Czech Republic (X kg), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-1.6% per year) and Vietnam (0.0% per year).

In value terms, China ($X) emerged as the key foreign market for numerically controlled drilling machines for working metal exports from Slovakia, comprising 77% of total exports. The second position in the ranking was held by the Czech Republic ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-1.4% per year) and Vietnam (0.0% per year).

Export Prices by Country

In 2021, the average numerically controlled drilling machine export price amounted to $X per ton, waning by -25.2% against the previous year. Over the period under review, the export price saw a pronounced reduction. The most prominent rate of growth was recorded in 2017 an increase of 57% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Vietnam ($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 the Czech Republic (+0.2%).

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into Slovakia

Numerically controlled drilling machine imports into Slovakia reduced notably to X tons in 2021, waning by -86.3% compared with the previous year. Over the period under review, imports continue to indicate a sharp decrease. The growth pace was the most rapid in 2015 when imports increased by 1,618%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, numerically controlled drilling machine imports reduced notably to $X in 2021. In general, imports showed a deep setback. The pace of growth was the most pronounced in 2015 when imports increased by 1,172% against the previous year. Imports peaked at $X in 2020, and then declined markedly in the following year.

Imports by Country

In 2021, the UK (X tons) constituted the largest numerically controlled drilling machine supplier to Slovakia, with a 82% share of total imports. Moreover, numerically controlled drilling machine imports from the UK exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fivefold. The third position in this ranking was held by the Czech Republic (X kg), with a 0.1% share.

From 2012 to 2021, the average annual growth rate of volume from the UK stood at +804.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-40.9% per year) and the Czech Republic (-62.7% per year).

In value terms, the UK ($X) constituted the largest supplier of numerically controlled drilling machines for working metal to Slovakia, comprising 93% of total imports. The second position in the ranking was held by South Korea ($X), with a 6.7% share of total imports. It was followed by the Czech Republic, with less than 0.1% share.

From 2012 to 2021, the average annual growth rate of value from the UK totaled +527.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-48.2% per year) and the Czech Republic (-63.0% per year).

Import Prices by Country

In 2021, the average numerically controlled drilling machine import price amounted to $X per ton, increasing by 20% against the previous year. Over the period under review, the import price recorded strong growth. The growth pace was the most rapid in 2020 when the average import price increased by 267%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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