Slovakia: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in Slovakia

The Slovak wood milling machine market surged to $X in 2021, rising by 172% 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). Over the period under review, consumption enjoyed a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Wood Milling Machine Exports

Exports from Slovakia

In 2021, overseas shipments of planing, milling or moulding machines increased by 83% to X units, rising for the third year in a row after two years of decline. Overall, exports, however, continue to indicate a slight setback. The pace of growth was the most pronounced in 2014 when exports increased by 102%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, wood milling machine exports declined notably to $X in 2021. Over the period under review, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 115% 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 stood at a somewhat lower figure.

Exports by Country

Poland (X units), Ukraine (X units) and Germany (X units) were the main destinations of wood milling machine exports from Slovakia, together comprising 56% of total exports. These countries were followed by Serbia, Hungary, the Czech Republic, Papua New Guinea, Lithuania, Slovenia, Romania, Belgium, Estonia and Croatia, which together accounted for a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of +100.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood milling machine exported from Slovakia were Germany ($X), Belgium ($X) and Hungary ($X), together accounting for 56% of total exports. These countries were followed by Poland, Ukraine, Serbia, Lithuania, Papua New Guinea, the Czech Republic, Romania, Slovenia, Croatia and Estonia, which together accounted for a further 33%.

Among the main countries of destination, Lithuania, with a CAGR of +86.5%, recorded 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

The average wood milling machine export price stood at $X per unit in 2021, falling by -62.2% against the previous year. In general, the export price recorded a abrupt shrinkage. The growth pace was the most rapid in 2015 an increase of 240%. The export price peaked at $X per unit in 2017; however, from 2018 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 ($X per unit), while the average price for exports to Estonia ($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 Germany (+3.7%), while the prices for the other major destinations experienced a decline.

Wood Milling Machine Imports

Imports into Slovakia

Wood milling machine imports into Slovakia skyrocketed to X units in 2021, rising by 242% against the previous year. Overall, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wood milling machine imports soared to $X in 2021. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 114%. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

Italy (X units), the Czech Republic (X units) and Germany (X units) were the main suppliers of wood milling machine imports to Slovakia, with a combined 77% share of total imports. These countries were followed by Poland, Romania and China, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +180.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of planing, milling or moulding machines to Slovakia, comprising 59% of total imports. The second position in the ranking was taken by Germany ($X), with a 24% share of total imports. It was followed by Poland, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value from Italy totaled +27.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.4% per year) and Poland (+98.7% per year).

Import Prices by Country

In 2021, the average wood milling machine import price amounted to $X per unit, dropping by -38.1% against the previous year. In general, the import price faced a abrupt shrinkage. The pace of growth was the most pronounced in 2016 an increase of 54% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 China ($X per unit), while the price for Romania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+28.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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