Slovakia: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Slovakia

The Slovak market for pneumatic or hydraulic hand tools expanded slightly to $X in 2021, surging by 2.6% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Pneumatic Or Hydraulic Hand Tools in Slovakia

In value terms, pneumatic or hydraulic hand tool production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 42% against the previous year. Pneumatic or hydraulic hand tool production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Slovakia

In 2021, after four years of decline, there was significant growth in overseas shipments of pneumatic or hydraulic hand tools, when their volume increased by 59% to X tons. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 291% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, pneumatic or hydraulic hand tool exports skyrocketed to $X in 2021. Overall, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 129% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Hungary (X tons), the Czech Republic (X tons) and Poland (X tons) were the main destinations of pneumatic or hydraulic hand tool exports from Slovakia, together comprising 87% of total exports. These countries were followed by France and Switzerland, which together accounted for a further 5.3%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +119.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pneumatic or hydraulic hand tool exported from Slovakia were Poland ($X), the Czech Republic ($X) and Hungary ($X), with a combined 69% share of total exports. France and Switzerland lagged somewhat behind, together accounting for a further 12%.

France, with a CAGR of +84.1%, saw 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

The average export price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, picking up by 1.9% against the previous year. Overall, the export price, however, showed a deep downturn. The growth pace was the most rapid in 2018 an increase of 32% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+27.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Slovakia

For the seventh year in a row, Slovakia recorded growth in overseas purchases of pneumatic or hydraulic hand tools, which increased by 12% to X tons in 2021. In general, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +25.9% against 2013 indices. The most prominent rate of growth was recorded in 2013 with an increase of 60% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, pneumatic or hydraulic hand tool imports reduced to $X in 2021. Overall, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -14.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 82%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The Czech Republic (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of pneumatic or hydraulic hand tool imports to Slovakia, together comprising 78% of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +25.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pneumatic or hydraulic hand tool suppliers to Slovakia were Germany ($X), the Czech Republic ($X) and China ($X), together comprising 72% of total imports. Poland, the United States, Austria, Italy and Taiwan (Chinese) lagged somewhat behind, together comprising a further 20%.

Among the main suppliers, Poland, with a CAGR of +29.9%, 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 import price for pneumatic or hydraulic hand tools amounted to $X per ton, falling by -11.9% against the previous year. Overall, the import price showed a noticeable decline. The pace of growth was the most pronounced in 2019 when the average import price increased by 19%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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