Slovakia: Market for Electric Generating Sets And Rotary Converters 2024

Market Size for Electric Generating Sets And Rotary Converters in Slovakia

In 2021, the Slovak market for electric generating sets and rotary converters decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption continues to indicate a noticeable decrease. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Production of Electric Generating Sets And Rotary Converters in Slovakia

In value terms, production of electric generating sets and rotary converters skyrocketed to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth remained at a lower figure.

Exports of Electric Generating Sets And Rotary Converters

Exports from Slovakia

In 2021, the amount of electric generating sets and rotary converters exported from Slovakia skyrocketed to X units, with an increase of X% against the previous year's figure. Over the period under review, exports recorded prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, exports of electric generating sets and rotary converters surged to $X in 2021. Overall, exports, however, continue to indicate a mild curtailment. The growth pace was the most rapid in 2015 when exports increased by X%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Ukraine (X units), the Czech Republic (X units) and Spain (X units) were the main destinations of exports of electric generating sets and rotary converters from Slovakia.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X) emerged as the key foreign market for electric generating sets and rotary converters exports from Slovakia, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2020, the average annual growth rate of value to Ukraine amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

The average export price for electric generating sets and rotary converters stood at $X per unit in 2020, declining by X% against the previous year. Over the period under review, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2020, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Denmark ($X per unit) was amongst the lowest.

From 2012 to 2020, 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 more modest paces of growth.

Imports of Electric Generating Sets And Rotary Converters

Imports into Slovakia

In 2021, approx. X units of electric generating sets and rotary converters were imported into Slovakia; rising by X% compared with 2020 figures. In general, imports, however, continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2019 when imports increased by X%. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of electric generating sets and rotary converters skyrocketed to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by X%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2020, the Czech Republic (X units) was the main supplier of electric generating set and rotary converter to Slovakia, with a X% share of total imports. Moreover, imports of electric generating sets and rotary converters from the Czech Republic exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was held by China (X units), with a X% share.

From 2012 to 2020, the average annual growth rate of volume from the Czech Republic stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and China (X% per year).

In value terms, Germany ($X), the Czech Republic ($X) and Poland ($X) were the largest electric generating set and rotary converter suppliers to Slovakia.

In terms of the main suppliers, Romania, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for electric generating sets and rotary converters stood at $X per unit in 2020, picking up by X% against the previous year. Overall, the import price continues to indicate a strong expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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