Slovakia: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in Slovakia

For the fifth year in a row, the Slovak market for parts of harvester and threshers recorded decline in sales value, which decreased by -52.3% to $X in 2021. In general, consumption recorded a deep reduction. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Production of Parts Of Harvester And Threshers in Slovakia

In value terms, parts of harvester and threshers production soared to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a buoyant increase. The growth pace was the most rapid in 2017 when the production volume increased by 134%. Parts of harvester and threshers production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Parts Of Harvester And Threshers

Exports from Slovakia

In 2021, overseas shipments of parts of harvester and threshers were finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 44%. Over the period under review, the exports reached the maximum at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, parts of harvester and threshers exports skyrocketed to $X in 2021. In general, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +41.2% against 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X units), Germany (X units) and Russia (X units) were the main destinations of parts of harvester and threshers exports from Slovakia, together accounting for 75% of total exports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +37.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for parts of harvester and threshers exports from Slovakia, comprising 33% of total exports. The second position in the ranking was held by Germany ($X), with a 14% share of total exports. It was followed by Russia, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to France amounted to +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+6.0% per year) and Russia (+42.9% per year).

Export Prices by Country

In 2021, the average export price for parts of harvester and threshers amounted to $X per unit, rising by 3.3% against the previous year. Overall, export price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, parts of harvester and threshers export price decreased by -4.0% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 37%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Austria ($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 Belgium (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts Of Harvester And Threshers

Imports into Slovakia

In 2021, purchases abroad of parts of harvester and threshers was finally on the rise to reach X units after three years of decline. In general, imports, however, saw a pronounced curtailment. The pace of growth was the most pronounced in 2017 with an increase of 93% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, parts of harvester and threshers imports amounted to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 46% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Italy (X units), the Czech Republic (X units) and Germany (X units) were the main suppliers of parts of harvester and threshers imports to Slovakia, with a combined 62% share of total imports. These countries were followed by China, France, Austria, Poland, Hungary and Ireland, which together accounted for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +11.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest parts of harvester and threshers suppliers to Slovakia were Germany ($X), the Czech Republic ($X) and Italy ($X), together comprising 59% of total imports. France, Austria, China, Poland, Hungary and Ireland lagged somewhat behind, together accounting for a further 24%.

China, with a CAGR of +6.3%, recorded 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 import price for parts of harvester and threshers amounted to $X per unit, stabilizing at the previous year. Overall, the import price continues to indicate a tangible increase. The most prominent rate of growth was recorded in 2018 an increase of 214%. The import price peaked in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform