Slovakia: Wheeled Loader Market 2024

Wheeled Loader Market Size in Slovakia

The Slovak wheeled loader market surged to $X in 2021, picking up by 56% 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 continues to indicate a significant expansion. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Wheeled Loader Exports

Exports from Slovakia

For the third year in a row, Slovakia recorded growth in overseas shipments of wheeled loaders, crawler shovel loaders, front-end loaders, which increased by 55% to X units in 2021. Over the period under review, exports enjoyed a moderate increase. The pace of growth appeared the most rapid in 2019 with an increase of 85% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, wheeled loader exports skyrocketed to $X in 2021. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 87% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The Czech Republic (X units) was the main destination for wheeled loader exports from Slovakia, accounting for a 36% share of total exports. Moreover, wheeled loader exports to the Czech Republic exceeded the volume sent to the second major destination, Russia (X units), threefold. Hungary (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to the Czech Republic totaled +9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-11.9% per year) and Hungary (-0.4% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for wheeled loaders, crawler shovel loaders, front-end loaders exports from Slovakia, comprising 35% of total exports. The second position in the ranking was held by Russia ($X), with a 17% share of total exports. It was followed by Hungary, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Czech Republic totaled +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-10.2% per year) and Hungary (-2.9% per year).

Export Prices by Country

In 2021, the average wheeled loader export price amounted to $X per unit, declining by -1.6% against the previous year. In general, the export price recorded a slight setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 54% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Croatia ($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 Slovenia (+5.1%), while the prices for the other major destinations experienced mixed trend patterns.

Wheeled Loader Imports

Imports into Slovakia

Wheeled loader imports into Slovakia surged to X units in 2021, growing by 56% against the year before. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 9,675%. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, wheeled loader imports surged to $X in 2021. Over the period under review, imports saw a temperate expansion. The pace of growth was the most pronounced in 2015 with an increase of 104%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), the Czech Republic (X units) and Austria (X units) were the main suppliers of wheeled loader imports to Slovakia, together comprising 76% of total imports. The Netherlands, Poland, China, the UK, Belgium and Italy lagged somewhat behind, together comprising a further 19%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +97.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wheeled loader suppliers to Slovakia were Austria ($X), Germany ($X) and the Czech Republic ($X), together comprising 73% of total imports.

Among the main suppliers, Austria, with a CAGR of +43.5%, 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

The average wheeled loader import price stood at $X per unit in 2021, dropping by -22.8% against the previous year. In general, the import price showed a deep downturn. The growth pace was the most rapid in 2014 an increase of 6,673% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 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 Belgium ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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