Slovakia: Mill Rolling Roll Market 2024

Mill Rolling Roll Market Size in Slovakia

For the third year in a row, the Slovak mill rolling roll market recorded growth in sales value, which increased by 18% to $X in 2022. Over the period under review, consumption posted buoyant growth. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in years to come.

Mill Rolling Roll Production in Slovakia

In value terms, mill rolling roll production reduced slightly to $X in 2022 estimated in export price. Overall, production saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when the production volume increased by 5.2% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Mill Rolling Roll Exports

Exports from Slovakia

In 2022, after four years of growth, there was significant decline in overseas shipments of rolls for rolling mills, when their volume decreased by -32.9% to X units. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 182%. As a result, the exports attained the peak of X units, and then shrank markedly in the following year.

In value terms, mill rolling roll exports declined sharply to $X in 2022. Over the period under review, exports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 78%. As a result, the exports attained the peak of $X, and then declined remarkably in the following year.

Exports by Country

The Czech Republic (X units) was the main destination for mill rolling roll exports from Slovakia, with a 75% share of total exports. Moreover, mill rolling roll exports to the Czech Republic exceeded the volume sent to the second major destination, Poland (X units), more than tenfold. The third position in this ranking was held by Russia (X units), with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic totaled +35.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+48.1% per year) and Russia (+249.8% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for rolls for rolling mills exports from Slovakia, comprising 78% of total exports. The second position in the ranking was held by Poland ($X), with an 8% share of total exports. It was followed by Romania, with a 3.3% share.

From 2012 to 2022, the average annual growth rate of value to the Czech Republic totaled +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+16.5% per year) and Romania (+4.9% per year).

Export Prices by Country

The average mill rolling roll export price stood at $X per unit in 2022, dropping by -14.9% against the previous year. Overall, the export price saw a abrupt descent. The growth pace was the most rapid in 2017 when the average export price increased by 9.5% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Guatemala ($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 Guatemala (+2.4%), while the prices for the other major destinations experienced a decline.

Mill Rolling Roll Imports

Imports into Slovakia

In 2022, approx. less than X units of rolls for rolling mills were imported into Slovakia; therefore, remained relatively stable against 2021 figures. Overall, imports recorded a resilient expansion. The smallest decline of 99.9% was in 2019. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, mill rolling roll imports soared to $X in 2022. In general, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2018, the Czech Republic (X units) constituted the largest supplier of mill rolling roll to Slovakia, with a 60% share of total imports. Moreover, mill rolling roll imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Ukraine (X units), fourfold. France (X units) ranked third in terms of total imports with a 6.1% share.

From 2015 to 2018, the average annual rate of growth in terms of volume from the Czech Republic stood at +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+6.9% per year) and France (+5.8% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of rolls for rolling mills to Slovakia, comprising 60% of total imports. The second position in the ranking was held by Ukraine ($X), with a 16% share of total imports. It was followed by France, with a 6.1% share.

From 2015 to 2018, the average annual rate of growth in terms of value from the Czech Republic amounted to +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+3.0% per year) and France (+1.9% per year).

Import Prices by Country

In 2018, the average mill rolling roll import price amounted to $X per unit, flattening at the previous year. Over the period under review, the import price showed a perceptible contraction. The growth pace was the most rapid in 2016 when the average import price decreased by 99.9% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2018, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2018, amid the top importers, the countries with the highest prices were Slovenia ($X per unit) and Belgium ($X per unit), while the price for the Czech Republic ($X per unit) and Ukraine ($X per unit) were amongst the lowest.

From 2015 to 2018, the most notable rate of growth in terms of prices was attained by Slovenia (-3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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