Slovakia: Market for Table, Kitchen Or Household Articles Of Cast Iron 2024

Market Size for Table, Kitchen Or Household Articles Of Cast Iron in Slovakia

The Slovak cast iron household articles market soared to $X in 2022, jumping by 46% 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). Over the period under review, consumption saw a significant expansion. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in the immediate term.

Exports of Table, Kitchen Or Household Articles Of Cast Iron

Exports from Slovakia

In 2022, overseas shipments of table, kitchen or household articles of cast iron decreased by -51.3% to X tons, falling for the second consecutive year after five years of growth. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 343%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, cast iron household articles exports declined remarkably to $X in 2022. Over the period under review, exports, however, recorded prominent growth. The growth pace was the most rapid in 2013 when exports increased by 393%. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Poland (X tons), the Czech Republic (X tons) and Hungary (X tons) were the main destinations of cast iron household articles exports from Slovakia, with a combined 82% share of total exports. Belgium, Germany, Austria and Croatia lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +4,652.9%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Hungary ($X) appeared to be the largest markets for cast iron household articles exported from Slovakia worldwide, with a combined 80% share of total exports. Belgium, Germany, Austria and Croatia lagged somewhat behind, together comprising a further 17%.

Belgium, with a CAGR of +4,217.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cast iron household articles export price amounted to $X per ton, dropping by -17.2% against the previous year. Over the period under review, the export price recorded a perceptible setback. The growth pace was the most rapid in 2019 an increase of 49% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Hungary ($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 Croatia (+3.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Table, Kitchen Or Household Articles Of Cast Iron

Imports into Slovakia

For the ninth consecutive year, Slovakia recorded growth in supplies from abroad of table, kitchen or household articles of cast iron, which increased by 16% to X tons in 2022. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2017 when imports increased by 93%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, cast iron household articles imports rose slightly to $X in 2022. In general, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 119%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest cast iron household articles supplier to Slovakia, accounting for a 57% share of total imports. Moreover, cast iron household articles imports from China exceeded the figures recorded by the second-largest supplier, Romania (X tons), threefold. The Czech Republic (X tons) ranked third in terms of total imports with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +24.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+276.7% per year) and the Czech Republic (+12.6% per year).

In value terms, China ($X) constituted the largest supplier of table, kitchen or household articles of cast iron to Slovakia, comprising 48% of total imports. The second position in the ranking was held by Romania ($X), with a 20% share of total imports. It was followed by the Czech Republic, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +21.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+264.0% per year) and the Czech Republic (+9.4% per year).

Import Prices by Country

In 2022, the average cast iron household articles import price amounted to $X per ton, shrinking by -10.1% against the previous year. Over the period under review, the import price showed a pronounced curtailment. The growth pace was the most rapid in 2018 when the average import price increased by 25% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and the Czech Republic ($X per ton), while the price for China ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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