Slovakia: Iron Household Articles Market 2024

Iron Household Articles Market Size in Slovakia

In 2023, the Slovak iron household articles market decreased by X% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, saw a tangible expansion. Over the period under review, the market attained the peak level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Iron Household Articles Production in Slovakia

In value terms, iron household articles production stood at $X in 2023 estimated in export price. Over the period under review, production showed a remarkable increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Iron household articles production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Iron Household Articles Exports

Exports from Slovakia

In 2023, overseas shipments of table, kitchen or household articles and parts of iron increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, exports posted a perceptible increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron household articles exports surged to $X in 2023. Over the period under review, total exports indicated resilient growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Austria (X tons) was the main destination for iron household articles exports from Slovakia, accounting for a X% share of total exports. Moreover, iron household articles exports to Austria exceeded the volume sent to the second major destination, Germany (X tons), threefold. Hungary (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Austria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Hungary (X% per year).

In value terms, Austria ($X) remains the key foreign market for table, kitchen or household articles and parts of iron exports from Slovakia, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Austria totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Hungary (X% per year).

Export Prices by Country

The average iron household articles export price stood at $X per ton in 2023, which is down by X% against the previous year. Overall, export price indicated a mild increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, iron household articles export price decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2022 to 2023, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Household Articles Imports

Imports into Slovakia

For the third consecutive year, Slovakia recorded growth in overseas purchases of table, kitchen or household articles and parts of iron, which increased by X% to X tons in 2023. In general, imports, however, recorded a perceptible decline. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2023, the growth of imports remained at a lower figure.

In value terms, iron household articles imports totaled $X in 2023. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

The Czech Republic (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of iron household articles imports to Slovakia, together comprising X% of total imports. China, the Netherlands, Austria, Hungary, Turkey, Italy and Ukraine lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron household articles suppliers to Slovakia were the Czech Republic ($X), Poland ($X) and Germany ($X), together accounting for X% of total imports. China, the Netherlands, Austria, Hungary, Italy, Turkey and Ukraine lagged somewhat behind, together comprising a further X%.

Among the main suppliers, the Netherlands, 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

The average iron household articles import price stood at $X per ton in 2023, approximately mirroring the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, iron household articles import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2022, and then dropped modestly in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform