Slovakia: Insulating Fittings Market 2024

Insulating Fittings Market Size in Slovakia

In 2022, the Slovak insulating fittings market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Insulating fittings consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Insulating Fittings Production in Slovakia

In value terms, insulating fittings production rose to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a dramatic shrinkage. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Insulating fittings production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Insulating Fittings Exports

Exports from Slovakia

In 2022, shipments abroad of insulating fittings for electrical purposes decreased by X% to X tons, falling for the fifth year in a row after four years of growth. Overall, exports showed a dramatic descent. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, insulating fittings exports dropped dramatically to $X in 2022. In general, exports recorded a precipitous descent. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Lithuania (X tons) was the main destination for insulating fittings exports from Slovakia, accounting for a X% share of total exports. Moreover, insulating fittings exports to Lithuania exceeded the volume sent to the second major destination, Romania (X tons), threefold. The third position in this ranking was taken by the Czech Republic (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Lithuania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and the Czech Republic (X% per year).

In value terms, the largest markets for insulating fittings exported from Slovakia were Romania ($X), the Netherlands ($X) and the Czech Republic ($X), with a combined X% share of total exports. Lithuania, Ukraine, Hong Kong SAR, Austria, Germany, Tunisia, Hungary and Russia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Lithuania, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average insulating fittings export price stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price recorded a noticeable slump. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while the average price for exports to Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tunisia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Insulating Fittings Imports

Imports into Slovakia

In 2022, supplies from abroad of insulating fittings for electrical purposes increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, imports enjoyed a noticeable expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, insulating fittings imports soared to $X in 2022. Over the period under review, imports, however, recorded a slight descent. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), Italy (X tons) and Austria (X tons) were the main suppliers of insulating fittings imports to Slovakia, together accounting for X% of total imports. The Czech Republic, Spain, China, Hungary, Poland, Belgium, Turkey, France and South Korea lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest insulating fittings suppliers to Slovakia were Germany ($X), Spain ($X) and Austria ($X), together comprising X% of total imports.

Among the main suppliers, Spain, with a CAGR of X%, saw the highest growth rate of 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 insulating fittings import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2014 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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