Slovakia: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Slovakia

In 2021, after two years of growth, there was significant decline in the Slovak air conditioning machine market, when its value decreased by -21.8% to $X. In general, consumption, however, continues to indicate perceptible growth. As a result, consumption attained the peak level of $X, and then reduced rapidly in the following year.

Air Conditioning Machine Production in Slovakia

In value terms, air conditioning machine production skyrocketed to $X in 2021 estimated in export price. In general, production saw a deep downturn. Air conditioning machine production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Air Conditioning Machine Exports

Exports from Slovakia

In 2021, the amount of air conditioning machines exported from Slovakia amounted to X units, standing approx. at 2020. The total export volume increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2019 when exports increased by 15%. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, air conditioning machine exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Czech Republic (X units) was the main destination for air conditioning machine exports from Slovakia, accounting for a 64% share of total exports. Moreover, air conditioning machine exports to the Czech Republic exceeded the volume sent to the second major destination, Germany (X units), sixfold. France (X units) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume to the Czech Republic was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+7.7% per year) and France (+25.6% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for air conditioning machine exports from Slovakia, comprising 53% of total exports. The second position in the ranking was taken by Germany ($X), with an 11% share of total exports. It was followed by France, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Czech Republic stood at +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+7.2% per year) and France (+13.5% per year).

Export Prices by Country

In 2021, the average air conditioning machine export price amounted to $X per unit, with an increase of 16% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+1.5%), while the prices for the other major destinations experienced mixed trend patterns.

Air Conditioning Machine Imports

Imports into Slovakia

In 2021, purchases abroad of air conditioning machines decreased by -21.1% to X units for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports saw a perceptible decrease. The pace of growth appeared the most rapid in 2016 when imports increased by 98% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, air conditioning machine imports expanded significantly to $X in 2021. In general, imports recorded a pronounced decline. The pace of growth was the most pronounced in 2016 when imports increased by 45%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Czech Republic (X units) constituted the largest supplier of air conditioning machine to Slovakia, with a 45% share of total imports. Moreover, air conditioning machine imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), threefold. The third position in this ranking was held by Austria (X units), with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume from the Czech Republic totaled +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+109.5% per year) and Austria (+33.9% per year).

In value terms, the largest air conditioning machine suppliers to Slovakia were the Czech Republic ($X), Austria ($X) and the Netherlands ($X), with a combined 60% share of total imports. Germany, Hungary, China, Sweden, Greece, Italy, Poland and Croatia lagged somewhat behind, together accounting for a further 33%.

Among the main suppliers, Croatia, with a CAGR of +110.6%, 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 air conditioning machine import price stood at $X per unit in 2021, increasing by 33% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Austria ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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