Slovakia: Market for Tube Or Pipe Fittings (Of Iron Or Steel) 2024

Market Size for Tube Or Pipe Fittings (Of Iron Or Steel) in Slovakia

In 2022, the Slovak market for tube or pipe fittings (of iron or steel) was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Tube Or Pipe Fittings (Of Iron Or Steel) in Slovakia

In value terms, iron or steel tube fitting production totaled $X in 2022 estimated in export price. Over the period under review, production enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by 216% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Tube Or Pipe Fittings (Of Iron Or Steel)

Exports from Slovakia

In 2022, iron or steel tube fitting exports from Slovakia declined to X tons, waning by -13.8% against the year before. Overall, exports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2013 with an increase of 30% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, iron or steel tube fitting exports stood at $X in 2022. The total export value increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 26% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons), Poland (X tons) and the Czech Republic (X tons) were the main destinations of iron or steel tube fitting exports from Slovakia, together comprising 72% of total exports. Hungary, France, Austria, the Netherlands, Belgium, Denmark, Switzerland and Spain lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +19.7%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for tube or pipe fittings (of iron or steel) exports from Slovakia, comprising 48% of total exports. The second position in the ranking was taken by Poland ($X), with a 16% share of total exports. It was followed by the Czech Republic, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+6.6% per year) and the Czech Republic (-0.1% per year).

Export Prices by Country

In 2022, the average export price for tube or pipe fittings (of iron or steel) amounted to $X per ton, picking up by 30% against the previous year. In general, the export price continues to indicate a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to France ($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 Poland (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tube Or Pipe Fittings (Of Iron Or Steel)

Imports into Slovakia

In 2022, supplies from abroad of tube or pipe fittings (of iron or steel) decreased by -16.1% to X tons, falling for the fourth year in a row after seven years of growth. In general, total imports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -38.8% against 2018 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 16%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, iron or steel tube fitting imports contracted significantly to $X in 2022. Over the period under review, imports, however, continue to indicate a noticeable increase. The growth pace was the most rapid in 2017 with an increase of 41% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

The Czech Republic (X tons), China (X tons) and Germany (X tons) were the main suppliers of iron or steel tube fitting imports to Slovakia, together comprising 54% of total imports. Poland, Italy, Austria and Hungary lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +15.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel tube fitting suppliers to Slovakia were Germany ($X), the Czech Republic ($X) and Italy ($X), with a combined 49% share of total imports. China, Poland, Austria and Hungary lagged somewhat behind, together accounting for a further 27%.

Poland, with a CAGR of +18.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for tube or pipe fittings (of iron or steel) stood at $X per ton in 2022, with a decrease of -1.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2021 an increase of 23%. As a result, import price reached the peak level of $X per ton, and then fell modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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