Slovakia: Shipping Market 2025

Shipping Market Size in Slovakia

In 2021, the Slovak shipping market decreased by -25.7% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption, however, saw moderate growth. Shipping consumption peaked at $X in 2020, and then contracted sharply in the following year.

Shipping Production in Slovakia

In value terms, shipping production reduced remarkably to $X in 2021 estimated in export price. In general, production, however, recorded a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of 235%. Over the period under review, production hit record highs at $X in 2020, and then contracted notably in the following year.

Shipping Exports

Exports from Slovakia

In 2021, overseas shipments of ships, vessels, ferry-boats for the transport of persons increased by 2,850% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 7,600% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, shipping exports skyrocketed to $X in 2021. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 148,569%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The Czech Republic (X units) was the main destination for shipping exports from Slovakia, accounting for a 92% share of total exports. Moreover, shipping exports to the Czech Republic exceeded the volume sent to the second major destination, Russia (X units), more than tenfold. The third position in this ranking was taken by Ukraine (X units), with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume to the Czech Republic totaled +55.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (0.0% per year) and Ukraine (0.0% per year).

In value terms, Malta ($X) emerged as the key foreign market for ships, vessels, ferry-boats for the transport of persons exports from Slovakia, comprising 83% of total exports. The second position in the ranking was held by the Czech Republic ($X), with an 8.6% share of total exports. It was followed by Russia, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value to Malta amounted to -13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+54.4% per year) and Russia (0.0% per year).

Export Prices by Country

The average shipping export price stood at $X per unit in 2021, with an increase of 317% against the previous year. Overall, the export price enjoyed a significant expansion. The pace of growth appeared the most rapid in 2013 an increase of 148,569%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Malta ($X per unit), while the average price for exports to Ukraine ($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 Czech Republic (-0.9%), while the prices for the other major destinations experienced a decline.

Shipping Imports

Imports into Slovakia

In 2021, overseas purchases of ships, vessels, ferry-boats for the transport of persons decreased by -38.5% to X units, falling for the second year in a row after three years of growth. Over the period under review, imports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2015 when imports increased by 300% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, shipping imports shrank to $X in 2021. Overall, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of 566% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Austria (X units), France (X units) and Serbia (X units) were the main suppliers of shipping imports to Slovakia, together comprising 88% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +73.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest shipping suppliers to Slovakia were France ($X), Serbia ($X) and Austria ($X), with a combined 96% share of total imports. The United States lagged somewhat behind, comprising a further 4.1%.

The United States, with a CAGR of +12.9%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average shipping import price stood at $X per unit in 2021, growing by 51% against the previous year. Over the period under review, the import price enjoyed a remarkable increase. The pace of growth was the most pronounced in 2013 an increase of 4,951%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Serbia ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+12.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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