Slovakia: Pump For Liquid Market 2024

Pump For Liquid Market Size in Slovakia

After three years of growth, the Slovak pump for liquid market decreased by -20.5% to $X in 2021. In general, consumption, however, continues to indicate a buoyant increase. Pump for liquid consumption peaked at $X in 2020, and then fell dramatically in the following year.

Pump For Liquid Production in Slovakia

In value terms, pump for liquid production declined remarkably to $X in 2021 estimated in export price. Overall, production recorded a abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of 129% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Pump For Liquid Exports

Exports from Slovakia

In 2021, approx. X units of pumps for liquids and liquid elevators were exported from Slovakia; jumping by 62% against the previous year. In general, exports posted a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, pump for liquid exports soared to $X in 2021. Over the period under review, exports posted a strong increase. The pace of growth was the most pronounced in 2016 when exports increased by 42%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Poland (X units), the Czech Republic (X units) and Germany (X units) were the main destinations of pump for liquid exports from Slovakia, together comprising 49% of total exports. These countries were followed by Italy, Spain, France, Romania, the United States, South Korea, India, Austria, Brazil and Turkey, which together accounted for a further 44%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +130.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Czech Republic ($X) and Poland ($X) appeared to be the largest markets for pump for liquid exported from Slovakia worldwide, together comprising 51% of total exports. The United States, Italy, Spain, France, Romania, Turkey, Austria, India, Brazil and South Korea lagged somewhat behind, together comprising a further 34%.

South Korea, with a CAGR of +85.2%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pump for liquid export price stood at $X per unit in 2021, shrinking by -21.1% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 37%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to South Korea ($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 Turkey (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Pump For Liquid Imports

Imports into Slovakia

In 2021, the amount of pumps for liquids and liquid elevators imported into Slovakia expanded rapidly to X units, increasing by 15% against the previous year. Overall, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +7.4% 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 -12.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 55% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, pump for liquid imports rose notably to $X in 2021. In general, total imports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -12.1% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 27%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X units), the Czech Republic (X units) and Romania (X units) were the main suppliers of pump for liquid imports to Slovakia, together comprising 75% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +48.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), the Czech Republic ($X) and Denmark ($X) appeared to be the largest pump for liquid suppliers to Slovakia, with a combined 54% share of total imports. Germany, France, Romania, Poland, Italy and China lagged somewhat behind, together accounting for a further 33%.

In terms of the main suppliers, Poland, with a CAGR of +36.2%, 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

The average pump for liquid import price stood at $X per unit in 2021, shrinking by -7% against the previous year. Overall, the import price showed a pronounced shrinkage. The pace of growth was the most pronounced in 2017 an increase of 43%. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per unit), while the price for South Korea ($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 (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform