Slovakia: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Slovakia

In 2021, the Slovak market for plastic hoses and hose fittings decreased by -59% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption showed a perceptible contraction. Plastic hose and hose fitting consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Plastic Hoses and Hose Fittings in Slovakia

In value terms, plastic hose and hose fitting production plummeted to $X in 2021 estimated in export price. In general, production showed a deep reduction. The pace of growth was the most pronounced in 2018 with an increase of 38%. Plastic hose and hose fitting production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Plastic Hoses and Hose Fittings

Exports from Slovakia

In 2021, plastic hose and hose fitting exports from Slovakia skyrocketed to X tons, growing by 17% against 2020. The total export volume increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 25%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, plastic hose and hose fitting exports surged to $X in 2021. Overall, total exports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 28%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Austria (X tons), Germany (X tons) and the Czech Republic (X tons) were the main destinations of plastic hose and hose fitting exports from Slovakia, with a combined 60% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +20.0%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for plastic hoses and hose fittings exports from Slovakia, comprising 37% of total exports. The second position in the ranking was taken by Austria ($X), with a 10% share of total exports. It was followed by Hungary, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+4.6% per year) and Hungary (+3.9% per year).

Export Prices by Country

In 2021, the average export price for plastic hoses and hose fittings amounted to $X per ton, picking up by 4.8% against the previous year. In general, the export price, however, recorded a mild reduction. The growth pace was the most rapid in 2018 an increase of 23%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Austria ($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 Romania (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports into Slovakia

In 2021, plastic hose and hose fitting imports into Slovakia expanded rapidly to X tons, picking up by 9.5% on the previous year. The total import volume increased at an average annual rate of +3.8% over the period 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 2015 with an increase of 19% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, plastic hose and hose fitting imports soared to $X in 2021. Overall, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +70.3% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Czech Republic (X tons), Germany (X tons) and Austria (X tons) were the main suppliers of plastic hose and hose fitting imports to Slovakia, together accounting for 70% of total imports. Italy, Poland, Turkey and Hungary lagged somewhat behind, together comprising a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +34.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic hose and hose fitting suppliers to Slovakia were the Czech Republic ($X), Germany ($X) and Poland ($X), together accounting for 61% of total imports. Austria, Italy, Hungary and Turkey lagged somewhat behind, together comprising a further 18%.

Among the main suppliers, Turkey, with a CAGR of +25.5%, recorded the highest growth rate of 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 hoses and hose fittings amounted to $X per ton, increasing by 7.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2017 an increase of 22% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see steady growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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