Slovakia: Metal Wool Market 2022

Metal Wool Market Size in Slovakia

In 2021, the Slovak metal wool market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption saw a pronounced expansion. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Metal Wool Production in Slovakia

In value terms, metal wool production skyrocketed to $X in 2021 estimated in export price. Overall, production posted buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Metal Wool Exports

Exports from Slovakia

In 2021, shipments abroad of iron or steel wool decreased by -X% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, exports, however, saw resilient growth. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, metal wool exports shrank to $X in 2021. In general, exports, however, showed a perceptible reduction. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons), France (X tons) and Germany (X tons) were the main destinations of metal wool exports from Slovakia, together comprising X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for metal wool exports from Slovakia, comprising X% of total exports. The second position in the ranking was occupied by the United States ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2021, the average annual growth rate of value to France stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-X% per year) and the Czech Republic (+X% per year).

Export Prices by Country

The average metal wool export price stood at $X per ton in 2021, waning by -X% against the previous year. In general, the export price showed a abrupt decline. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Wool Imports

Imports into Slovakia

In 2021, purchases abroad of iron or steel wool increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports saw mild growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth imports remained at a somewhat lower figure.

In value terms, metal wool imports amounted to $X in 2021. Over the period under review, imports posted a perceptible increase. The pace of growth appeared the most rapid in 2017 when imports increased by X%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth imports failed to regain momentum.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest supplier of metal wool to Slovakia, with a X% share of total imports. Moreover, metal wool imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was occupied by Austria (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Czech Republic stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Austria (-X% per year).

In value terms, the largest metal wool suppliers to Slovakia were the Czech Republic ($X), China ($X) and Austria ($X), together comprising X% of total imports. Germany, Ukraine, France and Poland lagged somewhat behind, together comprising a further X terms of the main suppliers, Ukraine, with a CAGR of +X%, saw 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 2021, the average metal wool import price amounted to $X per ton, which is down by -X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform