Slovakia: Electrical Transformer Market 2025

Electrical Transformer Market Size in Slovakia

In 2022, after two years of growth, there was significant decline in the Slovak electrical transformer market, when its value decreased by X% to $X. Over the period under review, consumption saw a perceptible setback. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Electrical Transformer Production in Slovakia

In value terms, electrical transformer production shrank to $X in 2022 estimated in export price. Overall, production continues to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, production hit record highs at $X in 2021, and then reduced in the following year.

Electrical Transformer Exports

Exports from Slovakia

In 2022, electrical transformer exports from Slovakia expanded sharply to X units, increasing by X% on 2021 figures. Over the period under review, exports enjoyed 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, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, electrical transformer exports soared to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The Czech Republic (X units), Germany (X units) and Poland (X units) were the main destinations of electrical transformer exports from Slovakia, with a combined X% share of total exports. Switzerland, Hong Kong SAR, Italy and France lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for electrical transformer exported from Slovakia were Germany ($X), the Czech Republic ($X) and Italy ($X), with a combined X% share of total exports. Poland, Switzerland, Hong Kong SAR and France lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Hong Kong SAR, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electrical transformer export price stood at $X per unit in 2022, growing by X% against the previous year. Overall, the export price, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Hong Kong SAR ($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 (X%), while the prices for the other major destinations experienced a decline.

Electrical Transformer Imports

Imports into Slovakia

In 2022, supplies from abroad of electrical transformers increased by X% to X units, rising for the sixth year in a row after two years of decline. Overall, imports posted a prominent expansion. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, electrical transformer imports soared to $X in 2022. Over the period under review, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Bulgaria (X units), China (X units) and Austria (X units) were the main suppliers of electrical transformer imports to Slovakia, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Bulgaria ($X) and the Czech Republic ($X) appeared to be the largest electrical transformer suppliers to Slovakia, together accounting for X% of total imports.

Among the main suppliers, Bulgaria, with a CAGR of X%, 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 transformer import price amounted to $X per unit, increasing by X% against the previous year. In general, the import price, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2015 an increase of X%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat 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 Germany ($X per unit), while the price for Bulgaria ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :