Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Slovakia - 2023
Contents:
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Slovakia (FOB) - 2023
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Slovakia (CIF) - 2023
- Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Slovakia
- Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Slovakia
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Slovakia (FOB) - 2023
The average export price for machines and mechanical appliances; parts, of those having individual functionses stood at $41,123 per ton in December 2023, jumping by 42% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +2.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Austria ($43,530 per ton), while the average price for exports to Mexico ($17,625 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Slovakia (CIF) - 2023
In December 2023, the average import price for machines and mechanical appliances; parts, of those having individual functionses amounted to $40,120 per ton, dropping by -19.6% against the previous month. Over the period under review, the import price, however, saw a measured expansion. The most prominent rate of growth was recorded in February 2023 an increase of 151% month-to-month. Over the period under review, average import prices hit record highs at $49,890 per ton in November 2023, and then contracted remarkably in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($75,654 per ton), while the price for Turkey ($9,795 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Slovakia
In 2022, approx. 6.7K tons of machines and mechanical appliances; parts, of those having individual functionses were exported from Slovakia; approximately reflecting the year before. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +16.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 63%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses fell modestly to $185M in 2022. In general, exports showed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 72% against the previous year. As a result, the exports reached the peak of $187M, and then contracted in the following year.
| Export of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 36.1 | 39.6 | 35.7 | 40.6 | 4.0% |
| United Kingdom | 6.8 | 7.4 | 22.2 | 19.2 | 41.3% |
| Hungary | 8.7 | 12.6 | 20.2 | 17.4 | 26.0% |
| Belgium | 7.0 | 2.4 | 15.8 | 14.1 | 26.3% |
| South Korea | 0.9 | 8.6 | 15.8 | 12.8 | 142.3% |
| Sweden | 2.3 | 1.6 | 12.8 | 11.3 | 70.0% |
| France | 7.5 | 5.7 | 14.7 | 10.3 | 11.2% |
| Spain | 0.1 | 4.7 | 9.6 | 9.2 | 351.4% |
| United States | 1.5 | 3.2 | 5.9 | 8.2 | 76.2% |
| China | 6.7 | 5.8 | 5.1 | 6.3 | -2.0% |
| Poland | 0.2 | 1.8 | 5.6 | 4.9 | 190.4% |
| Czech Republic | 2.3 | 1.1 | 2.8 | 4.0 | 20.3% |
| Netherlands | 1.7 | 1.6 | 2.3 | 3.9 | 31.9% |
| Others | 17.2 | 12.8 | 18.8 | 22.6 | 9.5% |
| Total | 99.0 | 109 | 187 | 185 | 23.2% |
Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from Slovakia in 2022:
- Germany (1570.0 tons)
- United Kingdom (657.9 tons)
- South Korea (648.3 tons)
- Hungary (591.7 tons)
- Belgium (460.9 tons)
- Sweden (415.1 tons)
- France (391.7 tons)
- Spain (353.9 tons)
- United States (250.7 tons)
- Poland (237.4 tons)
- Netherlands (228.4 tons)
- China (159.4 tons)
- Czech Republic (132.9 tons)
Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Slovakia
In 2022, imports of machines and mechanical appliances; parts, of those having individual functionses into Slovakia amounted to 6.1K tons, with an increase of 2.9% on the previous year. In general, imports, however, saw a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 26% against the previous year.
In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses reduced markedly to $135M in 2022. Overall, imports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year.
| Import of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 83.6 | 65.0 | 78.4 | 70.9 | -5.3% |
| Czech Republic | 21.5 | 15.1 | 38.9 | 17.8 | -6.1% |
| South Korea | 13.0 | 10.2 | 9.2 | 7.1 | -18.3% |
| Italy | 5.0 | 7.9 | 6.2 | 6.8 | 10.8% |
| Austria | 6.3 | 8.4 | 2.9 | 5.6 | -3.9% |
| China | 2.1 | 1.4 | 2.8 | 3.6 | 19.7% |
| Poland | 0.6 | 0.9 | 1.3 | 2.9 | 69.1% |
| Turkey | 0.2 | 1.2 | 1.1 | 1.6 | 100.0% |
| Slovenia | 1.4 | 1.0 | 2.0 | 1.0 | -10.6% |
| Others | 33.0 | 15.3 | 16.6 | 18.1 | -18.1% |
| Total | 167 | 126 | 160 | 135 | -6.8% |
Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to Slovakia in 2022:
- Germany (3574.8 tons)
- Czech Republic (1103.7 tons)
- Austria (185.6 tons)
- Italy (181.0 tons)
- Turkey (177.5 tons)
- China (130.3 tons)
- Poland (119.4 tons)
- South Korea (107.5 tons)
- Slovenia (88.6 tons)
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