Report Update: Apr 1, 2024

Slovakia - Ploughs For Agricultural Purposes - Market Analysis, Forecast, Size, Trends and Insights

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Plough Price in Slovakia - 2023

Plough Price in Slovakia (CIF) - 2022

The average plough import price stood at $1,429 per unit in 2022, declining by -13.3% against the previous year. Over the period under review, the import price continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 17% against the previous year. The import price peaked at $1,920 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($2,314 per unit), while the price for China ($538 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+55.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Plough Price in Slovakia (FOB) - 2022

The average plough export price stood at $1,419 per unit in 2022, falling by -12.1% against the previous year. Over the period under review, the export price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2020 an increase of 63%. As a result, the export price attained the peak level of $2,302 per unit. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($1,453 per unit), while the average price for exports to Serbia ($546 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+15.9%), while the prices for the other major destinations experienced a decline.

Plough Imports in Slovakia

In 2022, approx. 2.3K units of ploughs for agricultural purposes were imported into Slovakia; picking up by 62% on the previous year's figure. In general, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by 177% against the previous year. As a result, imports reached the peak of 3.7K units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, plough imports surged to $3.2M in 2022. Overall, imports recorded a strong expansion. The growth pace was the most rapid in 2020 with an increase of 167% against the previous year. As a result, imports reached the peak of $6.2M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Plough in Slovakia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Sweden	124	726	780	561	65.4%
Germany	598	1,133	437	516	-4.8%
France	346	256	279	433	7.8%
Czech Republic	247	1,196	268	288	5.3%
Norway	381	83.8	43.7	129	-30.3%
Turkey	N/A	4.8	29.4	47.1	213.2%
China	3.9	4.1	17.4	23.4	81.7%
Poland	65.0	219	148	2.2	-67.7%
Finland	143	217	N/A	N/A	51.7%
Others	405	2,338	290	1,225	44.6%
Total	2,312	6,177	2,292	3,226	11.7%

Top Suppliers of Plough to Slovakia in 2022:

Sweden (329.0 units)
France (259.0 units)
Germany (223.0 units)
Czech Republic (172.0 units)
Norway (61.0 units)
Turkey (47.0 units)
China (44.0 units)
Poland (4.0 units)

Plough Exports in Slovakia

Plough exports from Slovakia soared to 247 units in 2022, with an increase of 51% compared with 2021. Overall, exports saw a resilient expansion. The growth pace was the most rapid in 2021 when exports increased by 102%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, plough exports soared to $351K in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +13.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +88.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 42% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Export of Plough in Slovakia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Hungary	N/A	N/A	5.8	341	5779.3%
Serbia	N/A	N/A	N/A	4.8	0%
Czech Republic	3.5	162	118	4.5	8.7%
Ukraine	2.2	15.5	82.3	0.1	-64.3%
Romania	66.7	N/A	22.5	0.1	-88.6%
Austria	24.9	9.2	35.0	N/A	18.6%
Italy	146	N/A	N/A	N/A	0%
Others	N/A	N/A	N/A	N/A	0%
Total	243	186	264	351	13.0%

Top Export Markets for Plough from Slovakia in 2022:

Hungary (235.0 units)
Serbia (9.0 units)
Czech Republic (3.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the plough market in Slovakia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28303130 -
Prodcom 28303150 -

Country coverage:

Slovakia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Slovakia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023