Slovakia: Market for Pulley Tackle And Hoists Powered By An Electric Motor 2024

Market Size for Pulley Tackle And Hoists Powered By An Electric Motor in Slovakia

The Slovak market for pulley tackle and hoists powered by an electric motor skyrocketed to $X in 2022, picking up by 97% against the previous year. In general, consumption saw a prominent increase. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Pulley Tackle And Hoists Powered By An Electric Motor in Slovakia

In value terms, production of pulley tackle and hoists powered by an electric motor fell to $X in 2022 estimated in export price. Overall, production recorded a sharp contraction. The most prominent rate of growth was recorded in 2016 with an increase of 56%. Production of peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Pulley Tackle And Hoists Powered By An Electric Motor

Exports from Slovakia

In 2022, approx. X units of pulley tackle and hoists powered by an electric motor were exported from Slovakia; which is down by -51.5% against the previous year's figure. Overall, exports, however, enjoyed a slight expansion. The most prominent rate of growth was recorded in 2017 with an increase of 314%. Over the period under review, the exports of reached the maximum at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of pulley tackle and hoists powered by an electric motor reduced to $X in 2022. Over the period under review, exports showed a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of 385% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Poland (X units), Egypt (X units) and the Czech Republic (X units) were the main destinations of exports of pulley tackle and hoists powered by an electric motor from Slovakia, with a combined 76% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +15.6%), while the other leaders experienced mixed trend patterns.

In value terms, the UK ($X) emerged as the key foreign market for pulley tackle and hoists powered by an electric motor exports from Slovakia, comprising 58% of total exports. The second position in the ranking was held by Switzerland ($X), with a 10% share of total exports. It was followed by Poland, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at -4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-24.6% per year) and Poland (-31.8% per year).

Export Prices by Country

The average export price for pulley tackle and hoists powered by an electric motor stood at $X per unit in 2022, growing by 102% against the previous year. Overall, the export price, however, showed a deep downturn. The pace of growth appeared the most rapid in 2013 when the average export price increased by 142%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Egypt ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+14.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Pulley Tackle And Hoists Powered By An Electric Motor

Imports into Slovakia

In 2022, approx. X units of pulley tackle and hoists powered by an electric motor were imported into Slovakia; rising by 98% compared with the previous year's figure. Over the period under review, imports posted buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of 270%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, imports of pulley tackle and hoists powered by an electric motor surged to $X in 2022. Overall, imports, however, showed a deep setback. The growth pace was the most rapid in 2016 with an increase of 109% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, the UK (X units) constituted the largest supplier of pulley tackle and hoists powered by an electric motor to Slovakia, with a 45% share of total imports. Moreover, imports of pulley tackle and hoists powered by an electric motor from the UK exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Germany (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK stood at +95.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+31.8% per year) and Germany (+4.2% per year).

In value terms, the largest pulley tackle and hoists powered by an electric motor suppliers to Slovakia were Germany ($X), Denmark ($X) and the UK ($X), with a combined 53% share of total imports. China, the Czech Republic, Poland and Sweden lagged somewhat behind, together accounting for a further 13%.

In terms of the main suppliers, China, with a CAGR of +46.1%, 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 2022, the average import price for pulley tackle and hoists powered by an electric motor amounted to $X per unit, falling by -41.2% against the previous year. In general, the import price recorded a deep reduction. The most prominent rate of growth was recorded in 2015 an increase of 76%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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