Slovakia: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in Slovakia

The Slovak machine tool for metal market rose modestly to $X in 2022, increasing by X% against the previous year. Overall, consumption recorded a prominent expansion. Machine tool for metal consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Machine Tools For Working Metal Without Removing Metal in Slovakia

In value terms, machine tool for metal production expanded to $X in 2022 estimated in export price. Overall, production enjoyed strong growth. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from Slovakia

In 2022, exports of machine tools for working metal without removing metal from Slovakia rose notably to X units, surging by X% compared with 2021. In general, exports recorded significant growth. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, machine tool for metal exports stood at $X in 2022. Overall, exports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The Czech Republic (X units) was the main destination for machine tool for metal exports from Slovakia, with a X% share of total exports. Moreover, machine tool for metal exports to the Czech Republic exceeded the volume sent to the second major destination, Germany (X units), more than tenfold. The third position in this ranking was taken by Mexico (X units), 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: Germany (X% per year) and Mexico (X% per year).

In value terms, the Czech Republic ($X) emerged as the key foreign market for machine tools for working metal without removing metal exports from Slovakia, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the Czech Republic stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average machine tool for metal export price amounted to $X per unit, declining by X% against the previous year. Overall, the export price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2019 when the average export price increased by X%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to the United States ($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 Vietnam (X%), while the prices for the other major destinations experienced a decline.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into Slovakia

In 2022, machine tool for metal imports into Slovakia shrank significantly to X units, waning by X% compared with the previous year's figure. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, machine tool for metal imports dropped remarkably to $X in 2022. In general, imports, however, recorded a strong increase. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then declined rapidly in the following year.

Imports by Country

Italy (X units), Germany (X units) and France (X units) were the main suppliers of machine tool for metal imports to Slovakia, together comprising X% of total imports. China, the Czech Republic, the Netherlands, Poland and Sweden lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X) constituted the largest supplier of machine tools for working metal without removing metal to Slovakia, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Italy (X% per year).

Import Prices by Country

The average machine tool for metal import price stood at $X per unit in 2022, waning by X% against the previous year. In general, the import price, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then fell dramatically in the following year.

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

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

Source: IndexBox Platform

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