Slovakia: Winding Wire Market 2025

Winding Wire Market Size in Slovakia

The Slovak winding wire market fell remarkably to $X in 2022, shrinking by -15.7% against the previous year. In general, consumption, however, continues to indicate a moderate increase. As a result, consumption attained the peak level of $X, and then shrank significantly in the following year.

Winding Wire Production in Slovakia

In value terms, winding wire production surged to $X in 2022 estimated in export price. Over the period under review, production enjoyed a strong expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Winding Wire Exports

Exports from Slovakia

In 2022, overseas shipments of winding wire for electrical purposes increased by 4.1% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +5.0% 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 when exports increased by 19%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, winding wire exports expanded slightly to $X in 2022. In general, exports showed a buoyant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 67%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for winding wire exports from Slovakia, with a 33% share of total exports. Moreover, winding wire exports to Italy exceeded the volume sent to the second major destination, Hungary (X tons), threefold. The Czech Republic (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Italy amounted to +10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+9.4% per year) and the Czech Republic (+17.3% per year).

In value terms, Italy ($X) remains the key foreign market for winding wire for electrical purposes exports from Slovakia, comprising 32% of total exports. The second position in the ranking was taken by Hungary ($X), with a 12% share of total exports. It was followed by the Czech Republic, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy stood at +13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+6.2% per year) and the Czech Republic (+14.0% per year).

Export Prices by Country

The average winding wire export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, winding wire export price increased by +25.8% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 40%. As a result, the export price reached the peak level of $X per ton, and then contracted modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Germany ($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 Belgium (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Winding Wire Imports

Imports into Slovakia

In 2022, the amount of winding wire for electrical purposes imported into Slovakia contracted remarkably to X tons, waning by -33.3% on the previous year's figure. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 75% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, winding wire imports declined rapidly to $X in 2022. In general, imports, however, recorded a measured expansion. The pace of growth appeared the most rapid in 2021 with an increase of 86%. As a result, imports attained the peak of $X, and then contracted remarkably in the following year.

Imports by Country

Italy (X tons), Germany (X tons) and France (X tons) were the main suppliers of winding wire imports to Slovakia, together accounting for 59% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +25.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest winding wire suppliers to Slovakia were Italy ($X), Germany ($X) and France ($X), together accounting for 62% of total imports.

France, with a CAGR of +36.8%, saw 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 winding wire import price stood at $X per ton in 2022, rising by 26% against the previous year. Over the period under review, the import price posted a pronounced expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 70%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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