Clutches and shaft couplings market in Slovakia

Earlier Report Observations

From 2018 to 2024, the Slovakian market for clutches and shaft couplings expanded significantly, with volume growing from 721 tonnes to 1 323 tonnes. This represents a rise of more than 80% over the seven-year period.

After a slight decrease to 682 tonnes in 2019, the market volume began a steady upward climb. Notable increases of 19% in 2020 and 21% in 2021 brought the market above 1 000 tonnes, and growth continued through 2024, with volume reaching 1 323 tonnes.

Production clutches and shaft couplings in Slovakia

In value, 2017-2020, K $ US

The market demonstrated volatility throughout the observed period. Production volumes reached their lowest point in 2020 and peaked in 2019, with a 1.7-fold difference between these years. In 2020, the output of clutches and shaft couplings in Slovakia was valued at 21 661 thousand US dollars, representing a decrease of 41.0% compared to the previous year. The maximum value was recorded in 2019 at 36 708 thousand US dollars. The largest increase occurred in 2019, reaching 33.0%.

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

In kind, 2017-2020, t

Market behavior was characterized by volatility during these years. Production volume was at its lowest in 2020 and highest in 2019, showing a 2-fold gap between these periods. In 2020, Slovakia produced 1 367 tonnes of clutches and shaft couplings, which was down by 50.9% from the year before. The maximum volume was recorded in 2019 at 2 784 tonnes. The largest increase took place in 2019, amounting to 57.3%.

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

Exports clutches and shaft couplings from Slovakia

Exports in kind, t

The market showed an unstable trend over the timeframe. Export volume reached its lowest point in 2020 and peaked in 2019, reflecting a 2.4-fold gap. In 2020, Slovakia's export volume of clutches and shaft couplings amounted to 1 157 tonnes, marking a decline of 57.7% compared to 2019. The maximum value was recorded in 2019 at 2 733 tonnes. The largest increase occurred in 2019, reaching 78.8%.

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

From 2017 to 2020, Hungary (38.4% of exports in kind), Spain (26.2% of exports in kind), and Germany (23.3% of exports in kind) formed the core group of markets for exports in kind, together accounting for 87.9% of total flows.

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, K $ US

After a two-year contraction, deliveries of clutches and shaft couplings from Slovakia increased. In 2020, exports were recorded at 28 344 thousand US dollars, which is 1.1% higher than the previous year. Between 2017 and 2020, exports decreased by 7.6%, equating to an annualized rate of 2.6%. The minimum value was recorded in 2019 at 28 023 thousand US dollars. The largest decline occurred in 2019, reaching 6.8%.

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

From 2017 to 2020, Germany (26.5% of exports in value terms), Spain (19.6% of exports in value terms), and Hungary (15.9% of exports in value terms) were the main destinations in the geographical breakdown of exports in value terms for clutches and shaft couplings from Slovakia, with a combined share of 62.0% of total 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 clutches and shaft couplings to Slovakia

Imports in kind, t

The data reveals irregular changes, indicating a volatile market environment. Imports reached their lowest point in 2018 and peaked in 2017, with a 3.4-fold difference between these years. In 2020, Slovakia's import volume of clutches and shaft couplings stood at 603 tonnes, marking a modest decrease of 4.3% year-over-year. The minimum value was recorded in 2018 at 480 tonnes. The largest decline occurred in 2018, reaching 71.0%. The largest increase took place in 2019, amounting to 31.4%.

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

From 2017 to 2020, France (22.5% of imports in kind), Czechia (18.8% of imports in kind), and Spain (15.6% of imports in kind) continued to lead the list of suppliers of clutches and shaft couplings to Slovakia, jointly accounting for 56.9% 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, K $ US

Clutches and shaft couplings volumes in Slovakia increased for the second consecutive year. In 2020, imports stood at 11 340 thousand US dollars, constituting a gradual increase of 3.7% compared to 2019. Over the period 2017-2020, imports increased by 8.1%, with a compound annual growth rate (CAGR) of 2.6%. The minimum value was recorded in 2018 at 9 538 thousand US dollars. The largest decline occurred in 2018, reaching 9.1%. The largest increase took place in 2019, amounting to 14.7%.

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

From 2017 to 2020, the geographical structure of imports in value terms was highly diversified: Germany (18.1% of imports in value terms), Czechia (15.4% of imports in value terms), and Italy (12.8% of imports in value terms) together accounted for only 46.3% of total flows, while the remaining 53.7% was distributed among numerous smaller partner countries.

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

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