Slovakia: Tamping Machinery Market 2024

Tamping Machinery Market Size in Slovakia

In 2021, the Slovak tamping machinery market increased by 47% to $X, rising for the second year in a row after three years of decline. Overall, consumption continues to indicate significant growth. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the immediate term.

Tamping Machinery Production in Slovakia

In value terms, tamping machinery production amounted to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. Over the period under review, production reached the peak level in 2021 and is likely to continue growth in years to come.

Tamping Machinery Exports

Exports from Slovakia

Tamping machinery exports from Slovakia skyrocketed to X units in 2021, jumping by 17% compared with 2020. Overall, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 9,800%. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, tamping machinery exports dropped to $X in 2021. Over the period under review, exports, however, showed a noticeable setback. The growth pace was the most rapid in 2016 when exports increased by 11,520%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X units) was the main destination for tamping machinery exports from Slovakia, with a 79% share of total exports. Moreover, tamping machinery exports to the Czech Republic exceeded the volume sent to the second major destination, China (X units), fivefold.

From 2012 to 2021, the average annual growth rate of volume to the Czech Republic totaled +51.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-32.0% per year) and Hungary (-17.7% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for tamping or compacting machinery exports from Slovakia, comprising 78% of total exports. The second position in the ranking was held by China ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the Czech Republic stood at +33.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-30.8% per year) and Hungary (-28.5% per year).

Export Prices by Country

In 2021, the average tamping machinery export price amounted to $X per unit, dropping by -27.1% against the previous year. Over the period under review, the export price showed a deep setback. The pace of growth was the most pronounced in 2014 an increase of 92% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Hungary ($X per unit), while the average price for exports to China ($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 China (+1.8%), while the prices for the other major destinations experienced a decline.

Tamping Machinery Imports

Imports into Slovakia

In 2021, overseas purchases of tamping or compacting machinery increased by 26% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 167% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, tamping machinery imports soared to $X in 2021. Overall, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 86% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, the Czech Republic (X units) constituted the largest supplier of tamping machinery to Slovakia, with a 53% share of total imports. Moreover, tamping machinery imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Austria (X units), twofold. China (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Czech Republic totaled +77.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+20.9% per year) and China (+27.2% per year).

In value terms, Germany ($X), the Czech Republic ($X) and Austria ($X) appeared to be the largest tamping machinery suppliers to Slovakia, with a combined 85% share of total imports. China and Poland lagged somewhat behind, together accounting for a further 6.8%.

Among the main suppliers, Poland, with a CAGR of +64.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average tamping machinery import price amounted to $X per unit, surging by 40% against the previous year. Over the period under review, the import price, however, saw a deep setback. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, 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 (-2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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