Slovakia: Heat Exchange Unit Market 2024

Heat Exchange Unit Market Size in Slovakia

In 2022, the Slovak heat exchange unit market increased by 1% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, recorded a strong expansion. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Heat Exchange Unit Production in Slovakia

In value terms, heat exchange unit production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 108%. Heat exchange unit production peaked at $X in 2021, and then fell in the following year.

Heat Exchange Unit Exports

Exports from Slovakia

In 2022, approx. X units of heat exchange units were exported from Slovakia; shrinking by -6.1% on the year before. The total export volume increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 37% against the previous year. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, heat exchange unit exports rose significantly to $X in 2022. The total export value increased at an average annual rate of +4.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 42%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X units), Italy (X units) and the Czech Republic (X units) were the main destinations of heat exchange unit exports from Slovakia, together comprising 55% of total exports. Hungary, France, Turkey, Sweden, Poland, the UK, Switzerland, the Netherlands, Austria and Portugal lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +118.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and the Czech Republic ($X) were the largest markets for heat exchange unit exported from Slovakia worldwide, together accounting for 50% of total exports. These countries were followed by Hungary, Sweden, France, Poland, Turkey, the Netherlands, the UK, Austria, Switzerland and Portugal, which together accounted for a further 35%.

Portugal, with a CAGR of +124.6%, saw the highest rates of growth with regard to the value of exports, among 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 heat exchange unit export price amounted to $X per unit, rising by 15% against the previous year. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Germany ($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 Sweden (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Heat Exchange Unit Imports

Imports into Slovakia

In 2022, the amount of heat exchange units imported into Slovakia fell modestly to X units, shrinking by -2.7% against the previous year. The total import volume increased at an average annual rate of +4.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 23%. As a result, imports reached the peak of X units, and then contracted slightly in the following year.

In value terms, heat exchange unit imports reduced modestly to $X in 2022. In general, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 +10.3% against 2018 indices. The growth pace was the most rapid in 2017 when imports increased by 22%. Imports peaked at $X in 2021, and then contracted modestly in the following year.

Imports by Country

In 2022, France (X units) constituted the largest supplier of heat exchange unit to Slovakia, accounting for a 49% share of total imports. Moreover, heat exchange unit imports from France exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by Germany (X units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from France stood at +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+27.8% per year) and Germany (+4.9% per year).

In value terms, France ($X) constituted the largest supplier of heat exchange units to Slovakia, comprising 49% of total imports. The second position in the ranking was taken by China ($X), with a 14% share of total imports. It was followed by Germany, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value from France amounted to +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+28.4% per year) and Germany (+4.5% per year).

Import Prices by Country

The average heat exchange unit import price stood at $X per unit in 2022, with an increase of 2.2% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 10%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 Italy ($X per unit), while the price for the Czech Republic ($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 (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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