Slovakia: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Slovakia

The Slovak market for in-hand motor grinders, sanders and planers soared to $X in 2021, increasing by 44% 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). In general, consumption continues to indicate prominent growth. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Slovakia

In 2021, the amount of in-hand motor grinders, sanders and planers exported from Slovakia dropped to X units, which is down by -3.6% against the year before. Over the period under review, total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +31.0% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of 51%. Over the period under review, the exports of hit record highs at X units in 2020, and then reduced modestly in the following year.

In value terms, exports of in-hand motor grinders, sanders and planers reached $X in 2021. Overall, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 71% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Poland (X units), the Czech Republic (X units) and Hungary (X units) were the main destinations of exports of in-hand motor grinders, sanders and planers from Slovakia, with a combined 72% share of total exports. Slovenia, Germany, Austria and Romania lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the biggest increases were in Slovenia (with a CAGR of +221.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electromechanical tools for working in the hand, with self-contained electric motor exported from Slovakia were Poland ($X), the Czech Republic ($X) and Slovenia ($X), together comprising 75% of total exports.

In terms of the main countries of destination, Slovenia, with a CAGR of +224.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, surging by 9.6% against the previous year. In general, the export price enjoyed prominent growth. The pace of growth was the most pronounced in 2017 an increase of 64%. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Poland ($X per unit), while the average price for exports to Hungary ($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 Poland (+28.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Slovakia

In 2021, approx. X units of in-hand motor grinders, sanders and planers were imported into Slovakia; rising by 31% on 2020 figures. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +24.6% against 2016 indices. The most prominent rate of growth was recorded in 2016 with an increase of 43%. Over the period under review, imports of attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, imports of in-hand motor grinders, sanders and planers surged to $X in 2021. In general, imports recorded prominent growth. The most prominent rate of growth was recorded in 2016 when imports increased by 43% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Germany (X units), Poland (X units) and the Czech Republic (X units) were the main suppliers of imports of in-hand motor grinders, sanders and planers to Slovakia, together accounting for 83% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +127.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and the Czech Republic ($X) constituted the largest electromechanical tools for working in the hand, with self-contained electric motor suppliers to Slovakia, together comprising 76% of total imports.

Poland, with a CAGR of +116.2%, recorded the highest growth rate of 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

In 2021, the average import price for in-hand motor grinders, sanders and planers amounted to $X per unit, picking up by 1.5% against the previous year. Overall, the import price saw a slight increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 31%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Austria ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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