Slovakia: Market for Diesel Engines (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Slovakia

The Slovak market for diesel engines (other than for motor vehicles and aircraft) was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption saw strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Slovakia

In value terms, production of diesel engines (other than for motor vehicles and aircraft) reduced to $X in 2022 estimated in export price. Overall, production, however, showed a pronounced decrease. The growth pace was the most rapid in 2017 with an increase of 56%. Production of peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Exports from Slovakia

In 2022, approx. X units of diesel engines (other than for motor vehicles and aircraft) were exported from Slovakia; reducing by -23.8% compared with the previous year. Overall, exports recorded a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 46%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) shrank remarkably to $X in 2022. Over the period under review, exports faced a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 39% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belarus (X units), Hungary (X units) and Italy (X units) were the main destinations of exports of diesel engines (other than for motor vehicles and aircraft) from Slovakia, with a combined 91% share of total exports. Austria, Ukraine and Russia lagged somewhat behind, together comprising a further 6.2%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +178.3%), while the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X) emerged as the key foreign market for diesel engines (other than for motor vehicles and aircraft) exports from Slovakia, comprising 45% of total exports. The second position in the ranking was held by Hungary ($X), with a 14% share of total exports. It was followed by Italy, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belarus amounted to -7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+53.9% per year) and Italy (-26.1% per year).

Export Prices by Country

The average export price for diesel engines (other than for motor vehicles and aircraft) stood at $X per unit in 2022, increasing by 6% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 30%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Austria ($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 Ukraine (+39.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Imports into Slovakia

For the third year in a row, Slovakia recorded growth in supplies from abroad of diesel engines (other than for motor vehicles and aircraft), which increased by 425% to X units in 2022. Overall, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) contracted notably to $X in 2022. Over the period under review, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 204%. Imports peaked at $X in 2021, and then dropped notably in the following year.

Imports by Country

In 2022, the Czech Republic (X units) was the main diesel engines (other than for motor vehicles and aircraft) supplier to Slovakia, accounting for a 90% share of total imports. It was followed by Germany (X units), with a 2.4% share of total imports. The third position in this ranking was taken by the UK (X units), with a 1.8% share.

From 2012 to 2022, the average annual growth rate of volume from the Czech Republic totaled +66.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+25.3% per year) and the UK (+14.9% per year).

In value terms, the largest diesel engines (other than for motor vehicles and aircraft) suppliers to Slovakia were the Czech Republic ($X), Germany ($X) and the UK ($X), together accounting for 87% of total imports.

The Czech Republic, with a CAGR of +33.9%, saw the highest growth rate of the value of imports, among the main suppliers 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 diesel engines (other than for motor vehicles and aircraft) stood at $X per unit in 2022, reducing by -90.2% against the previous year. In general, the import price showed a abrupt decline. The pace of growth was the most pronounced in 2021 when the average import price increased by 80%. As a result, import price reached the peak level of $X per unit, and then fell sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+28.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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