Slovakia: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Slovakia

The Slovak metal-reinforced rubber hose market shrank to $X in 2022, reducing by -5.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +21.7% against 2020 indices. As a result, consumption reached the peak level of $X, and then fell in the following year.

Metal-Reinforced Rubber Hose Exports

Exports from Slovakia

In 2022, the amount of rubber hose reinforced with metal exported from Slovakia shrank dramatically to X tons, with a decrease of -15.1% compared with 2021. Over the period under review, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 26% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, metal-reinforced rubber hose exports dropped notably to $X in 2022. Overall, exports showed a abrupt decrease. The growth pace was the most rapid in 2017 when exports increased by 66% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Hungary (X tons), China (X tons) and Ukraine (X tons) were the main destinations of metal-reinforced rubber hose exports from Slovakia, together comprising 81% 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 China (with a CAGR of +92.5%), while the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X) remains the key foreign market for rubber hose reinforced with metal exports from Slovakia, comprising 44% of total exports. The second position in the ranking was held by Ukraine ($X), with a 15% share of total exports. It was followed by the Czech Republic, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to Hungary was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-20.0% per year) and the Czech Republic (-9.3% per year).

Export Prices by Country

In 2022, the average metal-reinforced rubber hose export price amounted to $X per ton, shrinking by -6.4% against the previous year. Overall, the export price saw a noticeable reduction. The pace of growth was the most pronounced in 2017 when the average export price increased by 31%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the 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 Czech Republic ($X per ton), while the average price for exports to China ($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 Hungary (-1.3%), while the prices for the other major destinations experienced a decline.

Metal-Reinforced Rubber Hose Imports

Imports into Slovakia

In 2022, the amount of rubber hose reinforced with metal imported into Slovakia dropped to X tons, reducing by -11.3% against the previous year's figure. The total import volume increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 19% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then contracted in the following year.

In value terms, metal-reinforced rubber hose imports shrank to $X in 2022. The total import value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 31%. As a result, imports attained the peak of $X, and then contracted modestly in the following year.

Imports by Country

The Czech Republic (X tons), Austria (X tons) and Turkey (X tons) were the main suppliers of metal-reinforced rubber hose imports to Slovakia, with a combined 49% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +31.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal-reinforced rubber hose suppliers to Slovakia were the Czech Republic ($X), Germany ($X) and Austria ($X), together accounting for 48% of total imports.

Austria, with a CAGR of +30.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 metal-reinforced rubber hose import price amounted to $X per ton, increasing by 8.2% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 14% against the previous year. The import price peaked 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 Germany ($X per ton), while the price for North Macedonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by North Macedonia (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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