Cement, concrete or artificial stone articles market in Slovakia

Earlier Report Observations

In physical terms, the production of cement, concrete or artificial stone articles in Slovakia rose from 1 991 thousand tons in 2018 to a high of 2 505 thousand tons in 2021, then contracted to 1 931 thousand tons in 2023 before edging back to 1 991 thousand tons in 2024. Market volume mirrored this movement, climbing to 2 433 thousand tons in 2021 after initial variability, then falling to 1 921 thousand tons in 2023 and recovering to 2 131 thousand tons by the end of the period.

Expressed in value, the market exhibited a distinct trend. The total market size declined from $311.2 million in 2018 to a low of $201.3 million in 2021, reflecting significant price pressure or compositional changes, before climbing back to $311.4 million in 2024. The value of production followed a similar volatility, dropping in 2019 and 2020 before returning to levels near $293 million in 2023.

Production cement, concrete or artificial stone articles in Slovakia

In value, 2017-2020, M $ US

In 2020, the output of cement, concrete, or artificial stone articles in Slovakia was valued at 249.3 million US dollars, remaining relatively stable compared to 2019. Over the period from 2018 to 2020, production decreased by 18.7%, with a compound annual growth rate of -6.6%. The lowest value was recorded in 2019 at 249.1 million US dollars, which also saw the largest decline of 18.7% during this timeframe.

Annual dynamics of production in Slovakia in value, 2017-2020, M $ US

In kind, 2017-2020, K t

Cement, concrete, or artificial stone articles production in Slovakia increased for the second consecutive year. In 2020, Slovakia produced 2 141 thousand tonnes of these articles, marking a modest rise of 4.6% compared to the previous year. From 2018 to 2020, overall production grew by 7.6%, with a compound annual growth rate of 2.5%.

Annual dynamics of production in Slovakia in kind, 2017-2020, K t

Exports cement, concrete or artificial stone articles from Slovakia

Exports in kind, K t

In 2020, Slovakia exported 337.7 thousand tonnes of cement, concrete, or artificial stone articles, showing no significant change from 2019. Over the period from 2017 to 2020, exports increased by 56.6%, with a compound annual growth rate of 16.1%. The highest export volume was recorded in 2019 at 337.7 thousand tonnes, which also experienced the largest increase of 25.7% during this span.

Annual dynamics of product's exports from Slovakia in kind, 2017-2020, K t

From 2017 to 2020, the primary buyers of cement, concrete, or artificial stone articles from Slovakia were Czechia, accounting for 31.8% of exports in kind, Hungary with 28.3%, and Austria at 19.1%. Together, these three countries represented 79.2% of Slovakia's total exports in kind for these products.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Slovakia in kind, 2017-2020

Exports in value, M $ US

Cement, concrete, or artificial stone articles shipments from Slovakia abroad increased for the third consecutive year. In 2020, Slovakia exported 104.0 million US dollars worth of these articles, which is 29.4% higher than the previous year. Between 2017 and 2020, exports surged by 168.4%, equating to an annualized growth rate of 39.0%.

Annual dynamics of product's exports from Slovakia in value, 2017-2020, M $ US

Throughout 2017 to 2020, the core of Slovakia's exports in value terms for cement, concrete, or artificial stone articles consisted of Czechia at 21.1%, Hungary with 16.9%, and Germany at 12.5%. Collectively, these three countries accounted for 50.5% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Slovakia in value, 2017-2020

Imports cement, concrete or artificial stone articles to Slovakia

Imports in kind, K t

After a two-year decline, cement, concrete, or artificial stone articles imports into Slovakia increased. In 2020, imports amounted to 308.5 thousand tonnes, representing a year-on-year advance of 22.9%. Over the period from 2017 to 2020, imports decreased by 26.6%, with a compound annual growth rate of -9.8%. The lowest import volume was recorded in 2019 at 250.9 thousand tonnes, which also saw the largest decline of 33.6% during this timeframe.

Annual dynamics of product's imports to Slovakia in kind, 2017-2020, K t

From 2017 to 2020, the leading suppliers of cement, concrete, or artificial stone articles to Slovakia were Czechia, making up 59.3% of imports in kind, Poland at 12.9%, and Hungary with 12.2%. Their combined share reached 84.4% of total imports in kind.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Slovakia in kind, 2017-2020

Imports in value, M $ US

Slovakia's cement, concrete, or artificial stone articles import volume declined for the second consecutive year. In 2020, imports amounted to 60.5 million US dollars, down by 3.4% compared to 2019. Between 2017 and 2020, imports decreased by 9%, equating to an annualized decline of 3.1%. The highest value was recorded in 2018 at 66.9 million US dollars, with the largest drop of 6.4% occurring in 2019 and the largest increase of 0.6% in 2018.

Annual dynamics of product's imports to Slovakia in value, 2017-2020, M $ US

In the period from 2017 to 2020, the leading sources for imports in value terms of cement, concrete, or artificial stone articles to Slovakia were Czechia, accounting for 49.8% of imports, Europe, not elsewhere specified, at 10.3%, and Poland with 9.2%. Together, these accounted for 69.3% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Slovakia in value, 2017-2020