Slovakia: Flexographic Printing Machinery Market 2024

Flexographic Printing Machinery Market Size in Slovakia

The Slovak flexographic printing machinery market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption, however, recorded a noticeable downturn. Flexographic printing machinery consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Flexographic Printing Machinery Production in Slovakia

In value terms, flexographic printing machinery production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

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Flexographic Printing Machinery Exports

Exports from Slovakia

In 2022, exports of flexographic printing machinery from Slovakia contracted sharply to X units, shrinking by X% compared with 2021. In general, exports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, flexographic printing machinery exports dropped significantly to $X in 2022. Over the period under review, exports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X units) was the main destination for flexographic printing machinery exports from Slovakia, with a X% share of total exports. Moreover, flexographic printing machinery exports to the UK exceeded the volume sent to the second major destination, India (X units), threefold. Brazil (X units) ranked third in terms of total exports with a X% share.

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

In value terms, Brazil ($X), the UK ($X) and India ($X) appeared to be the largest markets for flexographic printing machinery exported from Slovakia worldwide, with a combined X% share of total exports.

The UK, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average flexographic printing machinery export price amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price continues to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to Denmark ($X 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 the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Flexographic Printing Machinery Imports

Imports into Slovakia

In 2022, supplies from abroad of flexographic printing machinery was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a abrupt downturn. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, flexographic printing machinery imports contracted significantly to $X in 2022. In general, imports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X units), Denmark (X units) and Sweden (X units) were the main suppliers of flexographic printing machinery imports to Slovakia, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the Netherlands ($X) and Germany ($X) were the largest flexographic printing machinery suppliers to Slovakia, with a combined X% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of X%, recorded 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

In 2022, the average flexographic printing machinery import price amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the import price showed a slight decline. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then shrank dramatically in the following year.

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

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

Source: IndexBox Platform

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