Slovakia: Market for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles 2025

Market Size for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in Slovakia

In 2022, the Slovak market for electrical lighting or visual signaling equipment for motor vehicles and cycles decreased by X% to $X, falling for the second consecutive year after two years of growth. In general, consumption saw a resilient expansion. Lighting equipment for motor vehicles consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in Slovakia

In value terms, lighting equipment for motor vehicles production rose slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a resilient increase. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Lighting equipment for motor vehicles production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Exports from Slovakia

In 2022, exports of electrical lighting or visual signaling equipment for motor vehicles and cycles from Slovakia rose significantly to X units, surging by X% on 2021. In general, exports posted a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, lighting equipment for motor vehicles exports stood at $X in 2022. Overall, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2013 with an increase of X% 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 units) was the main destination for lighting equipment for motor vehicles exports from Slovakia, with a X% share of total exports. Moreover, lighting equipment for motor vehicles exports to Germany exceeded the volume sent to the second major destination, Spain (X units), fivefold. Sweden (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Sweden (X% per year).

In value terms, Germany ($X) remains the key foreign market for electrical lighting or visual signaling equipment for motor vehicles and cycles exports from Slovakia, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports. It was followed by Sweden, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Sweden (X% per year).

Export Prices by Country

In 2022, the average export price for electrical lighting or visual signaling equipment for motor vehicles and cycles amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price recorded a slight descent. The growth pace was the most rapid in 2015 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Sweden ($X per unit) and Mexico ($X per unit), while the average price for exports to Poland ($X per unit) and the Czech Republic ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Imports into Slovakia

In 2022, the amount of electrical lighting or visual signaling equipment for motor vehicles and cycles imported into Slovakia surged to X units, increasing by X% compared with 2021. Over the period under review, imports showed a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, lighting equipment for motor vehicles imports declined to $X in 2022. In general, imports posted resilient growth. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Czech Republic (X units) constituted the largest lighting equipment for motor vehicles supplier to Slovakia, accounting for a X% share of total imports. Moreover, lighting equipment for motor vehicles imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. South Korea (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the Czech Republic stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and South Korea (X% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of electrical lighting or visual signaling equipment for motor vehicles and cycles to Slovakia, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the Czech Republic amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and South Korea (X% per year).

Import Prices by Country

The average import price for electrical lighting or visual signaling equipment for motor vehicles and cycles stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the import price showed a drastic downturn. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Korea ($X per unit) and Austria ($X per unit), while the price for China ($X per unit) and Germany ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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