Iron or steel stranded wire and ropes market in Slovakia

Earlier Report Observations

Between 2018 and 2021, Slovakia's imports of iron or steel stranded wire and ropes fluctuated, reaching a peak of 54 319 t in 2021. This surge coincided with a broader European trend where exports grew by 30% and production volume increased by 12% in 2021, stimulating trade activity and leading to higher shipments into the Slovak market.

The domestic market volume, measured in physical terms, was 91 702 t in 2022 before declining to 84 575 t in 2023 and stabilizing at 84 770 t in 2024. The 2023 contraction aligned with a second consecutive year of falling imports across Europe, where Slovak purchases dropped to 47 492 t. The preceding year, 2022, saw European exports hit a record high in value, a trend that supported Slovakia's position as a major regional exporter.

Production iron or steel stranded wire and ropes in Slovakia

In kind, 2017-2020, K t

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

Exports iron or steel stranded wire and ropes from Slovakia

Exports in kind, t

Slovakia's exports of iron or steel stranded wire and ropes declined for the second year in a row. In 2020, the country exported 41 826 tons, marking a 14.7% decrease compared to 2019. Looking at the period from 2017 to 2020, exports fell by 25.1%, which translates to an average annual decline of 9.2%. The peak was in 2018, with 60 205 tons exported. The sharpest drop occurred in 2019, at 18.6%, while the largest increase was in 2018, at 7.8%.

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

From 2017 to 2020, Slovakia's exports of iron or steel stranded wire and ropes were distributed across many countries. Even the top destinations—Poland, Germany, and Czechia—combined accounted for only 46.9% of total export volumes.

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

Slovakia's export value of iron or steel stranded wire and ropes fell for the second consecutive year. In 2020, exports totaled 102.8 million US dollars, reflecting a significant 10.5% contraction from the previous year. Over the 2017-2020 period, export value decreased by 10.8%, with a compound annual growth rate of -3.7%. The highest value was recorded in 2018, at 125.8 million US dollars, with the largest increase that year at 9.2%.

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

Between 2017 and 2020, Slovakia's export value of iron or steel stranded wire and ropes remained widely dispersed among countries. Poland, Germany, and Spain were the leading partners, but together they represented just 43.7% of total export value, with no single country dominating the market.

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

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

Imports iron or steel stranded wire and ropes to Slovakia

Imports in kind, t

After two years of growth, Slovakia's import volume of iron or steel stranded wire and ropes declined. In 2020, imports stood at 42 304 tons, down 10.7% from 2019. From 2017 to 2020, import volume increased by 26.8%, averaging an 8.2% annual growth rate. The peak was in 2019, with 47 391 tons, and the largest increase occurred in 2018, at 24.3%.

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

From 2017 to 2020, three key markets—China, Romania, and Belarus—accounted for 57.0% of Slovakia's total import volume of iron or steel stranded wire and ropes.

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

Following a two-year upward trend, Slovakia's import value of iron or steel stranded wire and ropes dropped. In 2020, imports amounted to 87.8 million US dollars, a notable 10.2% decrease from 2019. Over the 2017-2020 period, import value rose by 26.9%, equivalent to an 8.3% annualized rate. The highest value was in 2019, at 97.8 million US dollars, with the largest increase in 2018 at 26.0%.

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

Throughout 2017-2020, China, Romania, and Belarus were the primary sources for Slovakia's imports of iron or steel stranded wire and ropes in value terms. Together, they made up 51.1% of total import value, with China leading at 21.7%, followed by Romania at 16.6%, and Belarus at 12.7%.

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

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