Slovakia: Market for Equipment For Internal Combustion Engines 2025

Market Size for Equipment For Internal Combustion Engines in Slovakia

In 2022, the Slovak internal combustion engine equipment market decreased by 99.9% to less than $X, falling for the third consecutive year after eight years of growth. Overall, consumption saw a deep setback. The pace of growth appeared the most rapid in 2019 when the market value increased by 2.7% against the previous year. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Equipment For Internal Combustion Engines in Slovakia

In value terms, internal combustion engine equipment production fell to $X in 2022 estimated in export price. Overall, production recorded a noticeable descent. The pace of growth was the most pronounced in 2017 with an increase of 11%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Equipment For Internal Combustion Engines

Exports from Slovakia

In 2022, shipments abroad of equipment for internal combustion engines increased by 70% to X units, rising for the second year in a row after two years of decline. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2017 with an increase of 279% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, internal combustion engine equipment exports soared to $X in 2022. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 326%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Poland (X units), the Czech Republic (X units) and Romania (X units) were the main destinations of internal combustion engine equipment exports from Slovakia, together accounting for 68% of total exports. The United States, Austria, Hungary and Russia lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +298.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and the United States ($X) constituted the largest markets for internal combustion engine equipment exported from Slovakia worldwide, with a combined 66% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +279.5%, 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

In 2022, the average internal combustion engine equipment export price amounted to $X per unit, reducing by -15.9% against the previous year. Overall, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 an increase of 12%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per unit) and Austria ($X per unit), while the average price for exports to Romania ($X per unit) and the Czech Republic ($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 Austria (-4.5%), while the prices for the other major destinations experienced a decline.

Imports of Equipment For Internal Combustion Engines

Imports into Slovakia

In 2022, approx. less than X units of equipment for internal combustion engines were imported into Slovakia; waning by 99.9% on 2021 figures. In general, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 12% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, internal combustion engine equipment imports fell dramatically to $X in 2022. Overall, imports recorded a pronounced decrease. The most prominent rate of growth was recorded in 2014 with an increase of 137% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2021, South Korea (X units) constituted the largest supplier of internal combustion engine equipment to Slovakia, with a 55% share of total imports. Moreover, internal combustion engine equipment imports from South Korea exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), threefold. Germany (X units) ranked third in terms of total imports with a 5.7% share.

From 2018 to 2021, the average annual rate of growth in terms of volume from South Korea totaled -15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+20.9% per year) and Germany (+26.5% per year).

In value terms, South Korea ($X) constituted the largest supplier of equipment for internal combustion engines to Slovakia, comprising 55% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 20% share of total imports. It was followed by Germany, with a 5.7% share.

From 2018 to 2021, the average annual rate of growth in terms of value from South Korea totaled -19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+15.8% per year) and Germany (+21.2% per year).

Import Prices by Country

The average internal combustion engine equipment import price stood at $X per unit in 2021, dropping by -11.5% against the previous year. In general, the import price saw a noticeable contraction. The pace of growth was the most pronounced in 2019 an increase of 23%. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Hungary ($X per unit) and the Czech Republic ($X per unit), while the price for Poland ($X per unit) and France ($X per unit) were amongst the lowest.

From 2018 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :