Slovakia: Market for Iron Or Steel Solid Fuel Domestic Appliances 2024

Market Size for Iron Or Steel Solid Fuel Domestic Appliances in Slovakia

In 2022, the Slovak metal solid fuel appliances market increased by 153% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption posted resilient growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Iron Or Steel Solid Fuel Domestic Appliances in Slovakia

In value terms, metal solid fuel appliances production skyrocketed to $X in 2022 estimated in export price. Overall, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +39.7% against 2018 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Iron Or Steel Solid Fuel Domestic Appliances

Exports from Slovakia

In 2022, metal solid fuel appliances exports from Slovakia fell to X units, which is down by -6.4% on the previous year's figure. Over the period under review, total exports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +31.1% against 2020 indices. The pace of growth was the most pronounced in 2015 when exports increased by 57%. The exports peaked at X units in 2021, and then reduced in the following year.

In value terms, metal solid fuel appliances exports rose rapidly to $X in 2022. Overall, total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +36.8% against 2018 indices. The growth pace was the most rapid in 2021 when exports increased by 38%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

Denmark (X units), Germany (X units) and France (X units) were the main destinations of metal solid fuel appliances exports from Slovakia, with a combined 62% share of total exports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +19.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for iron or steel solid fuel domestic appliances exports from Slovakia, comprising 31% of total exports. The second position in the ranking was taken by France ($X), with a 13% share of total exports. It was followed by Denmark, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+25.1% per year) and Denmark (+3.2% per year).

Export Prices by Country

The average metal solid fuel appliances export price stood at $X per unit in 2022, growing by 20% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 55% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Austria ($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 France (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Solid Fuel Domestic Appliances

Imports into Slovakia

In 2022, metal solid fuel appliances imports into Slovakia contracted dramatically to X units, with a decrease of -18.6% on 2021. Overall, total imports indicated a slight expansion from 2012 to 2022: its volume 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, imports increased by +22.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 50%. As a result, imports attained the peak of X units, and then dropped sharply in the following year.

In value terms, metal solid fuel appliances imports expanded slightly to $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 49% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

Italy (X units), Germany (X units) and Hungary (X units) were the main suppliers of metal solid fuel appliances imports to Slovakia, with a combined 70% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +24.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X) constituted the largest supplier of iron or steel solid fuel domestic appliances to Slovakia, comprising 34% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports. It was followed by Serbia, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Hungary stood at +23.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.7% per year) and Serbia (+11.3% per year).

Import Prices by Country

The average metal solid fuel appliances import price stood at $X per unit in 2022, increasing by 25% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.1%. 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 Serbia ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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