Slovakia: Metal Sawing Machine Market 2024

Metal Sawing Machine Market Size in Slovakia

For the fifth year in a row, the Slovak metal sawing machine market recorded growth in sales value, which increased by 41% to $X in 2021. Overall, consumption posted a prominent expansion. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the immediate term.

Metal Sawing Machine Production in Slovakia

In value terms, metal sawing machine production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, saw a deep slump. Metal sawing machine production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Metal Sawing Machine Exports

Exports from Slovakia

Metal sawing machine exports from Slovakia skyrocketed to X units in 2021, jumping by 203% compared with the year before. Over the period under review, exports saw a moderate increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal sawing machine exports surged to $X in 2021. Overall, exports, however, recorded a deep slump. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X units), Hungary (X units) and Austria (X units) were the main destinations of metal sawing machine exports from Slovakia, with a combined 92% share of total exports. Spain, Poland, Germany and Italy lagged somewhat behind, together comprising a further 4.8%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +52.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), the Czech Republic ($X) and Austria ($X) were the largest markets for metal sawing machine exported from Slovakia worldwide, together comprising 95% of total exports. Poland, Spain, Germany and Italy lagged somewhat behind, together accounting for a further 2.9%.

In terms of the main countries of destination, Spain, with a CAGR of +20.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average metal sawing machine export price amounted to $X per unit, which is down by -30.9% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2015 an increase of 108% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Hungary ($X per unit), while the average price for exports to Austria ($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 the United Arab Emirates (+15.3%), while the prices for the other major destinations experienced a decline.

Metal Sawing Machine Imports

Imports into Slovakia

In 2021, overseas purchases of sawing or cutting-off machines for working metal increased by 43% to X units, rising for the fourth year in a row after three years of decline. In general, imports saw a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 274%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, metal sawing machine imports surged to $X in 2021. Over the period under review, imports saw a resilient increase. The pace of growth was the most pronounced in 2014 when imports increased by 149% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, the Czech Republic (X units) constituted the largest metal sawing machine supplier to Slovakia, with a 60% share of total imports. Moreover, metal sawing machine imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. Italy (X units) ranked third in terms of total imports with a 9% share.

From 2012 to 2021, the average annual growth rate of volume from the Czech Republic totaled +47.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+27.3% per year) and Italy (+53.6% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of sawing or cutting-off machines for working metal to Slovakia, comprising 56% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports. It was followed by Italy, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Czech Republic totaled +46.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.5% per year) and Italy (+15.5% per year).

Import Prices by Country

The average metal sawing machine import price stood at $X per unit in 2021, dropping by -11.1% against the previous year. In general, the import price showed a deep slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by 88% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+44.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :