Tin bars, rods, profiles and wire market in Slovakia

Earlier Report Observations

The market for tin bars, rods, profiles, and wire in Slovakia grew from 60 140 kg in 2018 to 69 110 kg in 2020, with a 13% increase in 2019 followed by stabilization.

A severe downturn in 2021 reduced the market volume by more than half to 31 003 kg. Recovery unfolded in the following years, reaching 44 816 kg by 2024. This rebound was partly driven by strengthened demand from state-owned defense industry companies, which doubled their revenues and expanded their workforce, signaling higher investment in metal products. Simultaneously, the implementation of new product safety and labeling regulations, including Act No. 281/2023 Z.z., required manufacturers to adapt their processes.

Throughout the period, rising energy and raw material costs, influenced by global events, increased production expenses for metal goods. Furthermore, the introduction of a new Consumer Protection Act in July 2024 altered warranty claim rules, adding another regulatory layer for producers and sellers.

Production tin bars, rods, profiles and wire in Slovakia

In kind, 2017-2020, kg

The market showed an unstable trend throughout the period. Production reached its lowest point in 2017 and peaked in 2018, with a {ampRatio}-fold difference between these years. In 2020, Slovakia produced 28 780 kg of tin bars, rods, profiles, and wire, which represents a 25.3% decrease compared to the previous year.

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

Exports tin bars, rods, profiles and wire from Slovakia

Exports in kind, kg

Exports of tin bars, rods, profiles, and wire from Slovakia declined for the second consecutive year. In 2020, exports amounted to 26 928 kg, reflecting a sharp decline of 32.5% relative to 2019. Over the period from 2017 to 2020, exports decreased by 63.7%, with a compound annual growth rate (CAGR) of -28.6%. The largest increase was recorded in 2018 at 6.1%, while the largest decline occurred in 2019 at 49.2%. The maximum export volume was recorded in 2018, reaching 78 622 kg.

Annual dynamics of product's exports from Slovakia in kind, 2017-2020, kg

From 2017 to 2020, Czechia and Poland together accounted for 81.5% of Slovakia's total exports of tin bars, rods, profiles, and wire in kind, with the remaining volume distributed among smaller markets.

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

Exports of tin bars, rods, profiles, and wire from Slovakia declined for the third consecutive year. In 2020, Slovakia exported 552 K $ US worth of these products, which is 43.9% lower than in 2019. Between 2017 and 2020, exports decreased by 59.5%, equating to an annualized rate of -26.0%.

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

From 2017 to 2020, the largest buyers of tin bars, rods, profiles, and wire from Slovakia in value terms were Poland (42.0% of exports), Czechia (33.9% of exports), and Mexico (8.6% of exports). Together, these three countries accounted for 84.6% of Slovakia's total exports in value terms.

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

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

Imports tin bars, rods, profiles and wire to Slovakia

Imports in kind, kg

Imports of tin bars, rods, profiles, and wire into Slovakia declined for the second consecutive year. In 2020, imports totaled 67 258 kg, marking a modest reduction of 3.1% compared to 2019. Over the period from 2017 to 2020, imports decreased by 26.6%, with a compound annual growth rate (CAGR) of -9.8%. The largest increase was recorded in 2018 at 7.0%, while the largest decline occurred in 2019 at 29.2%. The maximum import volume was recorded in 2018, reaching 98 086 kg.

Annual dynamics of product's imports to Slovakia in kind, 2017-2020, kg

From 2017 to 2020, the leading suppliers of tin bars, rods, profiles, and wire to Slovakia in kind were Czechia (40.6% of imports), Germany (25.6% of imports), and Japan (7.0% of imports). Their combined share reached 73.1% 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

Imports of tin bars, rods, profiles, and wire into Slovakia declined for the second consecutive year. In 2020, imports amounted to 1 751 K $ US, representing a moderate reduction of 7.7% compared to the previous year. Between 2017 and 2020, imports decreased by 28.7%, equating to an annualized rate of -10.7%. The largest increase was recorded in 2018 at 4.2%, while the largest decline occurred in 2019 at 25.9%. The maximum import value was recorded in 2018, reaching 2 559 K $ US.

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

From 2017 to 2020, the leading sources for imports of tin bars, rods, profiles, and wire to Slovakia in value terms were Czechia (33.4% of imports), Germany (25.1% of imports), and the United States (7.9% of imports). Together, these three countries accounted for 66.4% of total imports in value terms.

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

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