Slovakia: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Slovakia

In 2022, the Slovak market for turbo, rotary and reciporating displacement compressors increased by 98% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption continues to indicate mild growth. Consumption of peaked in 2022 and is expected to retain growth in the immediate term.

Production of Turbo, Rotary and Reciporating Displacement Compressors in Slovakia

In value terms, production of turbo, rotary and reciporating displacement compressors expanded sharply to $X in 2022 estimated in export price. In general, production posted pronounced growth. The pace of growth was the most pronounced in 2020 with an increase of 28% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from Slovakia

In 2022, exports of turbo, rotary and reciporating displacement compressors from Slovakia expanded significantly to X units, with an increase of 13% on the year before. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 222%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of turbo, rotary and reciporating displacement compressors expanded to $X in 2022. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by 135%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Romania (X units), Italy (X units) and Germany (X units) were the main destinations of exports of turbo, rotary and reciporating displacement compressors from Slovakia, with a combined 52% share of total exports. The UK, Poland, Spain, Hungary, Austria, France and the Czech Republic lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +128.0%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and the UK ($X) appeared to be the largest markets for turbo, rotary and reciporating displacement compressor exported from Slovakia worldwide, together accounting for 49% of total exports.

Italy, with a CAGR of +116.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for turbo, rotary and reciporating displacement compressors amounted to $X per unit, waning by -9.2% against the previous year. In general, the export price showed a deep contraction. The pace of growth appeared the most rapid in 2014 when the average export price increased by 12%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into Slovakia

Imports of turbo, rotary and reciporating displacement compressors into Slovakia soared to X units in 2022, picking up by 49% compared with 2021. In general, imports posted strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 56%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of turbo, rotary and reciporating displacement compressors surged to $X in 2022. Over the period under review, imports showed a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by 47% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X units), South Korea (X units) and Romania (X units) were the main suppliers of imports of turbo, rotary and reciporating displacement compressors to Slovakia, with a combined 83% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +116.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constituted the largest supplier of turbo, rotary and reciporating displacement compressors to Slovakia, comprising 58% of total imports. The second position in the ranking was held by Romania ($X), with a 21% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from South Korea amounted to +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+97.6% per year) and Germany (+2.9% per year).

Import Prices by Country

In 2022, the average import price for turbo, rotary and reciporating displacement compressors amounted to $X per unit, waning by -22.6% against the previous year. Overall, the import price saw a abrupt slump. The growth pace was the most rapid in 2017 an increase of 9.9% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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