Slovakia: Brakes And Servo-Brakes Market 2025

Brakes And Servo-Brakes Market Size in Slovakia

The Slovak brakes and servo-brakes market reduced to $X in 2022, which is down by -12.4% against the previous year. Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.2% 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 +8.3% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Brakes And Servo-Brakes Production in Slovakia

In value terms, brakes and servo-brakes production shrank modestly to $X in 2022 estimated in export price. In general, the total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.6% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 35% against the previous year. Brakes and servo-brakes production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Brakes And Servo-Brakes Exports

Exports from Slovakia

In 2022, after three years of decline, there was significant growth in shipments abroad of brakes and servo-brakes, when their volume increased by 24% to X tons. Over the period under review, total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 43%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, brakes and servo-brakes exports expanded significantly to $X in 2022. The total export value 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 47% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), the Czech Republic (X tons) and Poland (X tons) were the main destinations of brakes and servo-brakes exports from Slovakia, with a combined 52% share of total exports. France, Spain, Romania, the Netherlands, South Korea, the UK, Portugal, Italy, Sweden and Hungary lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +69.0%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Czech Republic ($X) and Spain ($X) were the largest markets for brakes and servo-brakes exported from Slovakia worldwide, together accounting for 52% of total exports. Poland, France, Romania, South Korea, the UK, Portugal, Italy, the Netherlands, Hungary and Sweden lagged somewhat behind, together comprising a further 37%.

Portugal, with a CAGR of +76.5%, saw 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 brakes and servo-brakes export price amounted to $X per ton, with a decrease of -14.5% against the previous year. In general, the export price showed a slight decline. The growth pace was the most rapid in 2017 an increase of 12% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Romania ($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 Portugal (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Brakes And Servo-Brakes Imports

Imports into Slovakia

In 2022, purchases abroad of brakes and servo-brakes increased by 26% to X tons, rising for the second consecutive year after two years of decline. Overall, total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 38% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, brakes and servo-brakes imports totaled $X in 2022. In general, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +27.6% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 35%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), Poland (X tons) and the Czech Republic (X tons) were the main suppliers of brakes and servo-brakes imports to Slovakia, together comprising 58% of total imports. Italy, Spain, Portugal and South Korea lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +24.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of brakes and servo-brakes to Slovakia, comprising 38% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 13% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+17.1% per year) and Italy (+11.1% per year).

Import Prices by Country

In 2022, the average brakes and servo-brakes import price amounted to $X per ton, with a decrease of -15.9% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 34%. The import price peaked at $X per ton in 2021, and then fell markedly in the following year.

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 Germany ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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