Slovakia: Market for Electro-Thermic Appliances Or Domestic Purposes 2022

Market Size for Electro-Thermic Appliances Or Domestic Purposes in Slovakia

The Slovak market for electro-thermic appliances or domestic purposes soared to $X in 2021, surging by 80% against the previous year. In general, consumption enjoyed a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Electro-Thermic Appliances Or Domestic Purposes in Slovakia

In value terms, electro-thermic appliances or domestic purposes production totaled $X in 2021 estimated in export price. Over the period under review, production continues to indicate a deep setback. The most prominent rate of growth was recorded in 2019 when the production volume increased by 82%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Electro-Thermic Appliances Or Domestic Purposes

Exports from Slovakia

In 2021, shipments abroad of electro-thermic appliances or domestic purposes increased by 86% to X units, rising for the seventh consecutive year after two years of decline. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 133% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, electro-thermic appliances or domestic purposes exports surged to $X in 2021. Over the period under review, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2015 when exports increased by 58%. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Poland (X units), the Czech Republic (X units) and Bulgaria (X units) were the main destinations of electro-thermic appliances or domestic purposes exports from Slovakia, together comprising 68% of total exports. These countries were followed by Romania, Hungary, Ukraine, Estonia, Lithuania, Austria and Germany, which together accounted for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of +254.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electro-thermic appliances or domestic purposes exported from Slovakia were Poland ($X), the Czech Republic ($X) and Romania ($X), together accounting for 56% of total exports. These countries were followed by Bulgaria, Hungary, Estonia, Germany, Ukraine, Lithuania and Austria, which together accounted for a further 32%.

Among the main countries of destination, Ukraine, with a CAGR of +173.6%, saw the highest rates of growth with regard to 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

In 2021, the average export price for electro-thermic appliances or domestic purposes amounted to $X per unit, with a decrease of -29.1% against the previous year. Over the period under review, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 an increase of 39% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+5.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Electro-Thermic Appliances Or Domestic Purposes

Imports into Slovakia

In 2021, imports of electro-thermic appliances or domestic purposes into Slovakia soared to X units, increasing by 84% compared with 2020. Over the period under review, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 116%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, electro-thermic appliances or domestic purposes imports soared to $X in 2021. Overall, imports showed a significant expansion. The growth pace was the most rapid in 2015 when imports increased by 134% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X units) constituted the largest electro-thermic appliances or domestic purposes supplier to Slovakia, with a 68% share of total imports. Moreover, electro-thermic appliances or domestic purposes imports from China exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), fivefold. The third position in this ranking was held by Germany (X units), with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +42.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+47.5% per year) and Germany (+39.0% per year).

In value terms, China ($X) constituted the largest supplier of electro-thermic appliances or domestic purposes to Slovakia, comprising 62% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 12% share of total imports. It was followed by Germany, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +33.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+30.7% per year) and Germany (+33.8% per year).

Import Prices by Country

In 2021, the average import price for electro-thermic appliances or domestic purposes amounted to $X per unit, reducing by -24% against the previous year. Overall, the import price showed a abrupt decline. The pace of growth was the most pronounced in 2015 an increase of 24% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+9.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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