Slovakia: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2024

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in Slovakia

After three years of decline, the Slovak rubber tube and pipe market increased by X% to $X in 2023. Overall, consumption enjoyed a perceptible expansion. Rubber tube and pipe consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Production of Tubes, Pipes And Hoses Of Vulcanized Rubber in Slovakia

In value terms, rubber tube and pipe production dropped to $X in 2023 estimated in export price. In general, production, however, saw significant growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2023, production growth remained at a somewhat lower figure.

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Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports from Slovakia

In 2023, after five years of decline, there was significant growth in overseas shipments of tubes, pipes and hoses of vulcanized rubber, when their volume increased by X% to X tons. Over the period under review, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at X tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, rubber tube and pipe exports skyrocketed to $X in 2023. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for rubber tube and pipe exports from Slovakia, with a X% share of total exports. Moreover, rubber tube and pipe exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X tons), threefold. The third position in this ranking was taken by Poland (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Poland (X% per year).

In value terms, Germany ($X) remains the key foreign market for tubes, pipes and hoses of vulcanized rubber exports from Slovakia, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports. It was followed by the Czech Republic, with an X% share.

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

Export Prices by Country

In 2023, the average rubber tube and pipe export price amounted to $X per ton, rising by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. The export price peaked in 2023 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the Czech Republic ($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 Hungary (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports into Slovakia

In 2023, approx. X tons of tubes, pipes and hoses of vulcanized rubber were imported into Slovakia; growing by X% on 2022. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of X%. As a result, imports attained the peak of X tons. From 2016 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, rubber tube and pipe imports soared to $X in 2023. Over the period under review, total imports indicated notable 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. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), South Korea (X tons) and Poland (X tons) were the main suppliers of rubber tube and pipe imports to Slovakia, together comprising X% of total imports. The Czech Republic, Turkey, Spain, Hungary, Romania, Serbia, the United States, Austria, Bulgaria and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and South Korea ($X) appeared to be the largest rubber tube and pipe suppliers to Slovakia, with a combined X% share of total imports. The Czech Republic, Spain, Hungary, Turkey, Romania, the United States, Italy, Serbia, Bulgaria and Austria lagged somewhat behind, together comprising a further X%.

Bulgaria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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 2023, the average rubber tube and pipe import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The import price peaked at $X per ton in 2021; however, from 2022 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform