Slovakia: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Slovakia

In 2022, the Slovak grinding and sharpening machine market decreased by X% to $X, falling for the third year in a row after four years of growth. In general, consumption, however, posted a temperate expansion. Grinding and sharpening machine consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports from Slovakia

In 2022, shipments abroad of grinding and sharpening metal finishing machines decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, saw significant growth. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then shrank significantly in the following year.

In value terms, grinding and sharpening machine exports stood at $X in 2022. In general, total exports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Poland (X units), Germany (X units) and the Czech Republic (X units) were the main destinations of grinding and sharpening machine exports from Slovakia, with a combined X% share of total exports.

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

In value terms, the largest markets for grinding and sharpening machine exported from Slovakia were Germany ($X), Hungary ($X) and Poland ($X), together comprising X% of total exports.

Among the main countries of destination, Poland, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average grinding and sharpening machine export price stood at $X per unit in 2022, growing by X% against the previous year. In general, the export price, however, showed a sharp downturn. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per unit), while the average price for exports to Poland ($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 Hungary (X%), while the prices for the other major destinations experienced a decline.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports into Slovakia

In 2022, purchases abroad of grinding and sharpening metal finishing machines decreased by X% to X units, falling for the fourth year in a row after five years of growth. Over the period under review, imports, however, posted a moderate increase. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, grinding and sharpening machine imports declined to $X in 2022. Overall, imports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of grinding and sharpening machine to Slovakia, accounting for a X% share of total imports. Moreover, grinding and sharpening machine imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), twofold. The third position in this ranking was held by Poland (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Poland (X% per year).

In value terms, the largest grinding and sharpening machine suppliers to Slovakia were Germany ($X), the Czech Republic ($X) and Poland ($X), with a combined X% share of total imports.

Poland, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average grinding and sharpening machine import price stood at $X per unit in 2022, surging by X% against the previous year. In general, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grinding and sharpening machine import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per unit) and the Czech Republic ($X per unit), while the price for Germany ($X per unit) and Poland ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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