Slovakia: Electrical Signalling Apparatus Market 2025

Electrical Signalling Apparatus Market Size in Slovakia

The Slovak electrical signalling apparatus market fell to $X in 2022, with a decrease of -2.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a significant increase. Electrical signalling apparatus consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Electrical Signalling Apparatus Exports

Exports from Slovakia

In 2022, exports of electrical apparatus for sound or visual signalling from Slovakia expanded significantly to X units, picking up by 7.1% against 2021 figures. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 490%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, electrical signalling apparatus exports surged to $X in 2022. Over the period under review, exports saw resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by 322% against the previous year. Over the period under review, the exports hit record highs 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 electrical signalling apparatus exports from Slovakia, with a 87% share of total exports. Moreover, electrical signalling apparatus exports to the Czech Republic exceeded the volume sent to the second major destination, Hungary (X units), more than tenfold. The third position in this ranking was taken by the UK (X units), with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume to the Czech Republic stood at +63.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+15.7% per year) and the UK (+7.1% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for electrical apparatus for sound or visual signalling exports from Slovakia, comprising 83% of total exports. The second position in the ranking was held by the UK ($X), with a 3.9% share of total exports. It was followed by Germany, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic stood at +89.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+22.8% per year) and Germany (+16.3% per year).

Export Prices by Country

The average electrical signalling apparatus export price stood at $X per unit in 2022, rising by 74% against the previous year. In general, the export price, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2018 an increase of 145%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Hungary ($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 Germany (+30.0%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Signalling Apparatus Imports

Imports into Slovakia

In 2022, approx. X units of electrical apparatus for sound or visual signalling were imported into Slovakia; falling by -3.4% compared with 2021. In general, imports, however, saw a significant expansion. The growth pace was the most rapid in 2018 when imports increased by 692% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, electrical signalling apparatus imports surged to $X in 2022. Overall, imports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 94% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest electrical signalling apparatus supplier to Slovakia, accounting for a 22% share of total imports. Moreover, electrical signalling apparatus imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Vietnam (X units) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +27.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+39.5% per year) and Vietnam (+144.1% per year).

In value terms, China ($X), Vietnam ($X) and Germany ($X) appeared to be the largest electrical signalling apparatus suppliers to Slovakia, with a combined 39% share of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +105.0%, 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

In 2022, the average electrical signalling apparatus import price amounted to $X per unit, rising by 53% against the previous year. Over the period under review, the import price, however, saw a sharp decrease. The growth pace was the most rapid in 2020 an increase of 126% against the previous year. 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 South Korea ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+9.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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