Slovakia: Aluminium Alloy Wire Market 2024

Aluminium Alloy Wire Market Size in Slovakia

The Slovak aluminium alloy wire market surged to $X in 2022, rising by X% against the previous year. Overall, consumption saw a deep reduction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Aluminium Alloy Wire Production in Slovakia

In value terms, aluminium alloy wire production stood at less than $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern.

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Aluminium Alloy Wire Exports

Exports from Slovakia

In 2022, overseas shipments of aluminium alloy wire were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports recorded a prominent increase. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, aluminium alloy wire exports surged to $X in 2022. Overall, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons) was the main destination for aluminium alloy wire exports from Slovakia, accounting for a X% share of total exports. Moreover, aluminium alloy wire exports to the Czech Republic exceeded the volume sent to the second major destination, Poland (X tons), more than tenfold. Montenegro (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the Czech Republic totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Montenegro (X% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for aluminium alloy wire exports from Slovakia, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports. It was followed by Montenegro, with an X% share.

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

Export Prices by Country

The average aluminium alloy wire export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price, however, saw a abrupt decline. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to the Czech Republic ($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 (X%), while the prices for the other major destinations experienced mixed trend patterns.

Aluminium Alloy Wire Imports

Imports into Slovakia

In 2022, aluminium alloy wire imports into Slovakia dropped to X tons, which is down by X% compared with 2021. In general, imports showed a deep downturn. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, aluminium alloy wire imports soared to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Poland (X tons), Hungary (X tons) and Spain (X tons) were the main suppliers of aluminium alloy wire imports to Slovakia, together accounting for X% of total imports. Romania, the Czech Republic, Turkey, the Netherlands and Italy lagged somewhat behind, together accounting for a further X%.

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

In value terms, Poland ($X), Spain ($X) and Hungary ($X) were the largest aluminium alloy wire suppliers to Slovakia, with a combined X% share of total imports. The Czech Republic, Romania, Italy, Turkey and the Netherlands lagged somewhat behind, together comprising a further X%.

Turkey, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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 aluminium alloy wire import price stood at $X per ton in 2022, jumping by X% against the previous year. In general, the import price recorded a strong expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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