Slovakia: Market for Plastic Fittings for Tubes, Pipes and Hoses 2024

Market Size for Plastic Fittings for Tubes, Pipes and Hoses in Slovakia

The Slovak market for plastic fittings for tubes, pipes and hoses declined to $X in 2021, dropping by -8.1% against the previous year. In general, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -17.7% against 2018 indices. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Plastic Fittings for Tubes, Pipes and Hoses in Slovakia

In value terms, production of plastic fittings for tubes, pipes and hoses reduced rapidly to $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2014 with an increase of 65%. As a result, production attained the peak level of $X. From 2015 to 2021, production of growth failed to regain momentum.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports from Slovakia

Exports of plastic fittings for tubes, pipes and hoses from Slovakia expanded notably to X tons in 2021, picking up by 9.8% on 2020. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 70% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, exports of plastic fittings for tubes, pipes and hoses skyrocketed to $X in 2021. Over the period under review, exports continue to indicate prominent growth. The growth pace was the most rapid in 2017 when exports increased by 110% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Hungary (X tons) and Poland (X tons) were the main destinations of exports of plastic fittings for tubes, pipes and hoses from Slovakia, with a combined 74% share of total exports. These countries were followed by Spain, Italy, Bosnia and Herzegovina, the Netherlands, Romania, Austria, Lithuania, Croatia, China and the Czech Republic, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Bosnia and Herzegovina (with a CAGR of +51.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic fittings for tubes, pipes and hoses exported from Slovakia were Germany ($X), Poland ($X) and Hungary ($X), together accounting for 62% of total exports. China, the Netherlands, Italy, Romania, Spain, Bosnia and Herzegovina, Austria, Croatia, Lithuania and the Czech Republic lagged somewhat behind, together accounting for a further 30%.

In terms of the main countries of destination, Bosnia and Herzegovina, with a CAGR of +57.3%, recorded the highest rates of growth with regard to 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 2021, the average export price for plastic fittings for tubes, pipes and hoses amounted to $X per ton, picking up by 7.7% against the previous year. In general, export price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for plastic fittings for tubes, pipes and hoses increased by +30.2% against 2017 indices. The pace of growth appeared the most rapid in 2020 an increase of 27%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Hungary ($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 Netherlands (+22.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports into Slovakia

In 2021, the amount of plastic fittings for tubes, pipes and hoses imported into Slovakia totaled X tons, almost unchanged from 2020. Overall, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -2.1% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 24%. Over the period under review, imports of hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of plastic fittings for tubes, pipes and hoses reached $X in 2021. In general, imports showed prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of 49% against the previous year. Over the period under review, imports of attained the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

The Czech Republic (X tons), Germany (X tons) and Hungary (X tons) were the main suppliers of imports of plastic fittings for tubes, pipes and hoses to Slovakia, together comprising 64% of total imports. These countries were followed by Poland, Serbia, France, Italy, Romania and Thailand, which together accounted for a further 27%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +85.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic fittings for tubes, pipes and hoses suppliers to Slovakia were Germany ($X), the Czech Republic ($X) and France ($X), together comprising 64% of total imports. These countries were followed by Hungary, Thailand, Poland, Serbia, Italy and Romania, which together accounted for a further 22%.

In terms of the main suppliers, Thailand, with a CAGR of +89.4%, saw the highest rates of growth with regard to the value of imports, 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 plastic fittings for tubes, pipes and hoses amounted to $X per ton, increasing by 15% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2014 when the average import price increased by 22% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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