Slovakia: Market for Gearboxes and Speed Changers 2024

Market Size for Gearboxes and Speed Changers in Slovakia

In 2022, the Slovak gearboxes and speed changers market decreased by X% to $X, falling for the third consecutive year after four years of growth. Over the period under review, consumption enjoyed a prominent expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Gearboxes and Speed Changers in Slovakia

In value terms, gearboxes and speed changers production soared to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. Gearboxes and speed changers production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Gearboxes and Speed Changers

Exports from Slovakia

In 2022, shipments abroad of gearboxes and speed changers increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, recorded a deep downturn. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, gearboxes and speed changers exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a abrupt decrease. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), China (X tons) and the United States (X tons) were the main destinations of gearboxes and speed changers exports from Slovakia, with a combined X% share of total exports. South Korea, Italy, Hungary, Turkey, Sweden, Spain and Belgium 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 South Korea (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for gearboxes and speed changers exported from Slovakia were Germany ($X), China ($X) and the United States ($X), together accounting for X% of total exports. South Korea, Hungary, Italy, Turkey, Sweden, Spain and Belgium lagged somewhat behind, together comprising a further X%.

Hungary, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 gearboxes and speed changers export price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gearboxes and Speed Changers

Imports into Slovakia

In 2022, supplies from abroad of gearboxes and speed changers increased by X% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, imports, however, showed a abrupt decline. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, gearboxes and speed changers imports rose notably to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest gearboxes and speed changers supplier to Slovakia, accounting for a X% share of total imports. Moreover, gearboxes and speed changers imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was taken by Switzerland (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Switzerland (X% per year).

In value terms, Germany ($X) constituted the largest supplier of gearboxes and speed changers to Slovakia, comprising X% of total imports. The second position in the ranking was taken by Switzerland ($X), with a X% share of total imports. It was followed by Italy, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average gearboxes and speed changers import price amounted to $X per ton, which is down by X% against the previous year. Overall, the import price, however, continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2021, and then declined in the following year.

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 the Czech Republic ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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