Slovakia: Market for Air Conditioning Machines For Motor Vehicles 2024

Market Size for Air Conditioning Machines For Motor Vehicles in Slovakia

In 2022, after two years of growth, there was significant decline in the Slovak market for air conditioning machines for motor vehicles, when its value decreased by -43.3% to $X. In general, consumption, however, saw a buoyant expansion. Over the period under review, the market reached the peak level at $X in 2021, and then dropped markedly in the following year.

Production of Air Conditioning Machines For Motor Vehicles in Slovakia

In value terms, motor vehicle air conditioning machine production contracted to $X in 2022 estimated in export price. Overall, production, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 44% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Air Conditioning Machines For Motor Vehicles

Exports from Slovakia

Motor vehicle air conditioning machine exports from Slovakia surged to X units in 2022, with an increase of 29% compared with the previous year's figure. The total export volume increased at an average annual rate of +4.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, motor vehicle air conditioning machine exports soared to $X in 2022. The total export value increased at an average annual rate of +4.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 29%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

The Czech Republic (X units) was the main destination for motor vehicle air conditioning machine exports from Slovakia, with a 72% share of total exports. Moreover, motor vehicle air conditioning machine exports to the Czech Republic exceeded the volume sent to the second major destination, Germany (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic totaled +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+21.1% per year) and France (+45.5% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for air conditioning machines for motor vehicles exports from Slovakia, comprising 75% of total exports. The second position in the ranking was held by Germany ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the Czech Republic amounted to +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+20.0% per year) and France (+24.6% per year).

Export Prices by Country

In 2022, the average export price for air conditioning machines for motor vehicles amounted to $X per unit, which is down by -7.1% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 16% against the previous year. As a result, the export price attained the peak level of $X per unit, and then dropped in the following year.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to France ($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 the Czech Republic (+0.1%), while the prices for the other major destinations experienced a decline.

Imports of Air Conditioning Machines For Motor Vehicles

Imports into Slovakia

In 2022, purchases abroad of air conditioning machines for motor vehicles decreased by -61% to X units, falling for the second year in a row after three years of growth. Over the period under review, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 194% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, motor vehicle air conditioning machine imports dropped dramatically to $X in 2022. In general, imports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2016 with an increase of 136%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Poland (X units) constituted the largest motor vehicle air conditioning machine supplier to Slovakia, with a 72% share of total imports. Moreover, motor vehicle air conditioning machine imports from Poland exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), fourfold. The third position in this ranking was taken by the UK (X units), with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland totaled -14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-11.7% per year) and the UK (+96.9% per year).

In value terms, Poland ($X) constituted the largest supplier of air conditioning machines for motor vehicles to Slovakia, comprising 74% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 10% share of total imports. It was followed by the UK, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland totaled -18.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-22.0% per year) and the UK (+95.6% per year).

Import Prices by Country

In 2022, the average import price for air conditioning machines for motor vehicles amounted to $X per unit, with an increase of 58% against the previous year. Overall, the import price, however, saw a drastic downturn. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 the UK ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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