Slovakia: Steel Railway Material Market 2024

Steel Railway Material Market Size in Slovakia

The Slovak steel railway material market fell remarkably to $X in 2022, with a decrease of -31.1% against the previous year. In general, consumption faced a abrupt curtailment. Steel railway material consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Steel Railway Material Production in Slovakia

In value terms, steel railway material production contracted rapidly to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2019 when the production volume increased by 118% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Steel Railway Material Exports

Exports from Slovakia

In 2022, after four years of growth, there was significant decline in shipments abroad of railway material of steel, when their volume decreased by -38.6% to X tons. Overall, exports, however, posted a strong increase. The growth pace was the most rapid in 2014 with an increase of 1,253% against the previous year. The exports peaked at X tons in 2021, and then declined remarkably in the following year.

In value terms, steel railway material exports dropped sharply to $X in 2022. In general, exports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2014 when exports increased by 1,450%. Over the period under review, the exports hit record highs at $X in 2021, and then declined sharply in the following year.

Exports by Country

The Czech Republic (X tons) was the main destination for steel railway material exports from Slovakia, with a 76% share of total exports. Moreover, steel railway material exports to the Czech Republic exceeded the volume sent to the second major destination, Germany (X tons), fivefold. The third position in this ranking was held by Austria (X tons), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume to the Czech Republic totaled +11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+88.8% per year) and Austria (+39.3% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for railway material of steel exports from Slovakia, comprising 76% of total exports. The second position in the ranking was taken by Germany ($X), with a 14% share of total exports. It was followed by Austria, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic amounted to +10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+79.7% per year) and Austria (+43.2% per year).

Export Prices by Country

In 2022, the average steel railway material export price amounted to $X per ton, with an increase of 9.4% against the previous year. Overall, the export price, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2017 an increase of 75%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+2.9%), while the prices for the other major destinations experienced a decline.

Steel Railway Material Imports

Imports into Slovakia

In 2022, the amount of railway material of steel imported into Slovakia declined to X tons, with a decrease of -11.4% against 2021 figures. Overall, total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -24.3% against 2018 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 69% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, steel railway material imports reduced notably to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 39% against the previous year. As a result, imports attained the peak of $X, and then declined markedly in the following year.

Imports by Country

The Czech Republic (X tons), Austria (X tons) and Poland (X tons) were the main suppliers of steel railway material imports to Slovakia, with a combined 98% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +48.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) constituted the largest supplier of railway material of steel to Slovakia, comprising 68% of total imports. The second position in the ranking was held by Austria ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the Czech Republic amounted to +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+15.5% per year) and Poland (+47.0% per year).

Import Prices by Country

The average steel railway material import price stood at $X per ton in 2022, which is down by -12.8% against the previous year. In general, the import price recorded a noticeable decrease. The most prominent rate of growth was recorded in 2014 when the average import price increased by 32% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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