Slovakia: Market for Electrical Boards, Panels, Consoles, Desks and Cabinets 2025

Market Size for Electrical Boards, Panels, Consoles, Desks and Cabinets in Slovakia

In 2021, the Slovak market for electrical boards, panels, consoles, desks and cabinets increased by 65% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +10.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Electrical Boards, Panels, Consoles, Desks and Cabinets in Slovakia

In value terms, electric board, desk and panel production stood at $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 42%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Exports of Electrical Boards, Panels, Consoles, Desks and Cabinets

Exports from Slovakia

In 2021, approx. X units of electrical boards, panels, consoles, desks and cabinets were exported from Slovakia; increasing by 9.7% compared with 2020. Over the period under review, total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +101.5% against 2015 indices. The pace of growth appeared the most rapid in 2016 when exports increased by 33% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, electric board, desk and panel exports surged to $X in 2021. Overall, exports saw a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units), the United States (X units) and the Czech Republic (X units) were the main destinations of electric board, desk and panel exports from Slovakia, with a combined 58% share of total exports. These countries were followed by Austria, the Netherlands, Romania, Italy, Slovenia, Poland and Denmark, which together accounted for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of +68.1%), while the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) emerged as the key foreign market for electrical boards, panels, consoles, desks and cabinets exports from Slovakia, comprising 47% of total exports. The second position in the ranking was held by Germany ($X), with a 19% share of total exports. It was followed by the Czech Republic, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Austria stood at +18.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+11.0% per year) and the Czech Republic (+14.8% per year).

Export Prices by Country

In 2021, the average export price for electrical boards, panels, consoles, desks and cabinets amounted to $X per unit, growing by 52% against the previous year. In general, export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electric board, desk and panel export price increased by +95.9% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Italy ($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 Czech Republic (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Boards, Panels, Consoles, Desks and Cabinets

Imports into Slovakia

Electric board, desk and panel imports into Slovakia skyrocketed to X units in 2021, jumping by 64% against the year before. Overall, imports showed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electric board, desk and panel imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 38%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X units), the Czech Republic (X units) and Poland (X units) were the main suppliers of electric board, desk and panel imports to Slovakia, together accounting for 79% of total imports. These countries were followed by Italy, South Korea, Hungary, Austria, France and Spain, which together accounted for a further 16%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +202.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Czech Republic ($X) and Poland ($X) were the largest electric board, desk and panel suppliers to Slovakia, with a combined 71% share of total imports. These countries were followed by Austria, Italy, Hungary, South Korea, France and Spain, which together accounted for a further 23%.

In terms of the main suppliers, South Korea, with a CAGR of +195.3%, 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 import price for electrical boards, panels, consoles, desks and cabinets stood at $X per unit in 2021, reducing by -23% against the previous year. Overall, the import price showed a noticeable setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by 13%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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