Slovakia: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in Slovakia

The Slovak positive displacement pump market soared to $X in 2021, picking up by 23% against the previous year. In general, consumption recorded prominent growth. Positive displacement pump consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Positive Displacement Pump Production in Slovakia

In value terms, positive displacement pump production surged to $X in 2021 estimated in export price. In general, production enjoyed a significant increase. The growth pace was the most rapid in 2018 with an increase of 32%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Positive Displacement Pump Exports

Exports from Slovakia

In 2021, approx. X units of positive displacement pumps and hand pumps were exported from Slovakia; dropping by -25.5% on the previous year. In general, exports faced a abrupt decrease. The pace of growth appeared the most rapid in 2015 when exports increased by 2,463%. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, positive displacement pump exports shrank rapidly to $X in 2021. Over the period under review, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of 362% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X units), Poland (X units) and Romania (X units) were the main destinations of positive displacement pump exports from Slovakia, with a combined 58% share of total exports. Hungary, Serbia, Austria and Germany lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of +49.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for positive displacement pump exported from Slovakia were the Czech Republic ($X), Poland ($X) and Germany ($X), together accounting for 42% of total exports. These countries were followed by Austria, Hungary, Serbia and Romania, which together accounted for a further 23%.

Among the main countries of destination, Serbia, with a CAGR of +21.1%, 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

The average positive displacement pump export price stood at $X per unit in 2021, increasing by 8.1% against the previous year. In general, the export price showed pronounced growth. The growth pace was the most rapid in 2014 when the average export price increased by 99% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per unit), while the average price for exports to Romania ($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 Hungary (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.

Positive Displacement Pump Imports

Imports into Slovakia

In 2021, supplies from abroad of positive displacement pumps and hand pumps was finally on the rise to reach X units for the first time since 2015, thus ending a five-year declining trend. In general, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of 126% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, positive displacement pump imports expanded significantly to $X in 2021. Overall, imports, however, continue to indicate a deep contraction. The pace of growth was the most pronounced in 2013 when imports increased by 30%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The Czech Republic (X units), Germany (X units) and China (X units) were the main suppliers of positive displacement pump imports to Slovakia, together comprising 89% of total imports. Belgium and Italy lagged somewhat behind, together accounting for a further 5.9%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +27.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the Czech Republic ($X) constituted the largest supplier of positive displacement pumps and hand pumps to Slovakia, comprising 42% of total imports. The second position in the ranking was held by Germany ($X), with a 19% share of total imports. It was followed by Belgium, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Czech Republic totaled +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-17.6% per year) and Belgium (+34.7% per year).

Import Prices by Country

In 2021, the average positive displacement pump import price amounted to $X per unit, with a decrease of -9.5% against the previous year. In general, the import price, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2016 an increase of 61% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2020, and then fell in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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