Slovakia: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2025

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in Slovakia

In 2022, the Slovak geometrical quantities electronic measurer market decreased by -14.9% to $X for the first time since 2019, thus ending a two-year rising trend. In general, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +30.3% against 2019 indices. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports from Slovakia

In 2022, shipments abroad of electronic instruments and machines for measuring geometrical quantities increased by 8% to X units, rising for the second year in a row after two years of decline. Overall, exports enjoyed a moderate expansion. The growth pace was the most rapid in 2017 when exports increased by 123%. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, geometrical quantities electronic measurer exports rose remarkably to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 120%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Denmark (X units) and the Czech Republic (X units) were the main destinations of geometrical quantities electronic measurer exports from Slovakia, with a combined 32% share of total exports. Hungary, Italy, Austria, the UK, France, Poland, Vietnam, Romania, India and Russia lagged somewhat behind, together comprising a further 49%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +124.0%), while the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Poland ($X) and Germany ($X) appeared to be the largest markets for geometrical quantities electronic measurer exported from Slovakia worldwide, with a combined 36% share of total exports. The Czech Republic, Italy, Hungary, France, Romania, the UK, India, Vietnam, Denmark and Russia lagged somewhat behind, together comprising a further 44%.

Among the main countries of destination, Vietnam, with a CAGR of +110.9%, recorded 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 2022, the average geometrical quantities electronic measurer export price amounted to $X per unit, picking up by 6.1% against the previous year. In general, the export price, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2020 an increase of 26% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Denmark ($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 Hungary (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports into Slovakia

In 2022, supplies from abroad of electronic instruments and machines for measuring geometrical quantities increased by 3.2% to X units, rising for the third consecutive year after two years of decline. Over the period under review, total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +4.4% 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 +43.3% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 82% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, geometrical quantities electronic measurer imports reduced notably to $X in 2022. The total import value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 31% against the previous year. As a result, imports reached the peak of $X, and then declined markedly in the following year.

Imports by Country

Poland (X units), Germany (X units) and South Korea (X units) were the main suppliers of geometrical quantities electronic measurer imports to Slovakia, together accounting for 54% of total imports. Hungary, China, Austria, Vietnam, the Czech Republic, France, the United States, Italy and Slovenia lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +116.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of electronic instruments and machines for measuring geometrical quantities to Slovakia, comprising 24% of total imports. The second position in the ranking was taken by South Korea ($X), with a 12% share of total imports. It was followed by Poland, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+5.0% per year) and Poland (+49.5% per year).

Import Prices by Country

In 2022, the average geometrical quantities electronic measurer import price amounted to $X per unit, reducing by -22.3% against the previous year. Overall, the import price showed a perceptible reduction. The pace of growth appeared the most rapid in 2014 an increase of 40%. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 Vietnam ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :