Slovakia: Seeder And Planter Market 2024

Seeder And Planter Market Size in Slovakia

The Slovak seeder and planter market was estimated at less than $X in 2021, approximately equating the previous year. In general, consumption continues to indicate resilient growth. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Seeder And Planter Production in Slovakia

In value terms, seeder and planter production stood at less than $X in 2021 estimated in export price. Overall, production enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 464%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Seeder And Planter Exports

Exports from Slovakia

In 2016, exports of seeders, planters, transplanters from Slovakia amounted to X units, growing by 14% on 2015 figures. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 155%. Over the period under review, the exports hit record highs in 2016 and are likely to continue growth in the near future.

In value terms, seeder and planter exports skyrocketed to $X in 2016. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 108% against the previous year. Over the period under review, the exports attained the maximum in 2016 and are likely to continue growth in the near future.

Exports by Country

Hungary (X units) was the main destination for seeder and planter exports from Slovakia, accounting for a 61% share of total exports. Moreover, seeder and planter exports to Hungary exceeded the volume sent to the second major destination, the Czech Republic (X units), fourfold. Poland (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2016, the average annual growth rate of volume to Hungary totaled +139.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-3.7% per year) and Poland (+17.8% per year).

In value terms, Hungary ($X) remains the key foreign market for seeders, planters, transplanters exports from Slovakia, comprising 63% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 16% share of total exports. It was followed by Poland, with a 9.6% share.

From 2012 to 2016, the average annual growth rate of value to Hungary stood at +137.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-6.4% per year) and Poland (+10.1% per year).

Export Prices by Country

In 2016, the average seeder and planter export price amounted to $X per unit, surging by 35% against the previous year. In general, the export price, however, saw a pronounced curtailment. The export price peaked at $X per unit in 2013; however, from 2014 to 2016, 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 Russia ($X per unit), while the average price for exports to Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+18.3%), while the prices for the other major destinations experienced a decline.

Seeder And Planter Imports

Imports into Slovakia

After four years of growth, overseas purchases of seeders, planters, transplanters decreased by -14.9% to X units in 2016. The total import volume increased at an average annual rate of +5.2% over the period from 2012 to 2016; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 16% against the previous year. Imports peaked at X units in 2015, and then declined in the following year.

In value terms, seeder and planter imports reduced sharply to $X in 2016. Over the period under review, imports saw a noticeable slump. The growth pace was the most rapid in 2014 with an increase of 6% against the previous year. Over the period under review, imports hit record highs at $X in 2015, and then contracted sharply in the following year.

Imports by Country

Italy (X units), Sweden (X units) and Germany (X units) were the main suppliers of seeder and planter imports to Slovakia, with a combined 43% share of total imports. These countries were followed by France, the Czech Republic, Denmark, Austria and the United States, which together accounted for a further 14%.

From 2012 to 2016, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +54.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest seeder and planter suppliers to Slovakia were Sweden ($X), Italy ($X) and Germany ($X), with a combined 43% share of total imports. These countries were followed by France, the Czech Republic, Denmark, Austria and the United States, which together accounted for a further 17%.

Among the main suppliers, Denmark, with a CAGR of +37.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average seeder and planter import price stood at $X per unit in 2016, reducing by -10.8% against the previous year. In general, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2013 a decrease of -2.2% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2016, 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 Austria ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Austria (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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