Slovakia: Hvac Equipment Market 2024

Hvac Equipment Market Size in Slovakia

In 2022, the Slovak HVAC equipment market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption saw a prominent expansion. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Hvac Equipment Production in Slovakia

In value terms, HVAC equipment production expanded markedly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a moderate increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs in 2022 and is likely to see steady growth in years to come.

Hvac Equipment Exports

Exports from Slovakia

HVAC equipment exports from Slovakia surged to X units in 2022, increasing by X% compared with 2021. In general, exports continue to indicate a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, HVAC equipment exports amounted to $X in 2022. Overall, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X units) was the main destination for HVAC equipment exports from Slovakia, with a X% share of total exports. Moreover, HVAC equipment exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X units), sixfold. The United States (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and the United States (X% per year).

In value terms, the largest markets for HVAC equipment exported from Slovakia were Germany ($X), Italy ($X) and the Czech Republic ($X), with a combined X% share of total exports. Poland, Hungary, Austria, the United States and China lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Poland, with a CAGR of X%, 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 2022, the average HVAC equipment export price amounted to $X per unit, falling by X% against the previous year. Overall, the export price continues to indicate a abrupt contraction. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to the United States ($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 Poland (X%), while the prices for the other major destinations experienced mixed trend patterns.

Hvac Equipment Imports

Imports into Slovakia

In 2022, purchases abroad of HVAC equipment increased by X% to X units, rising for the third year in a row after three years of decline. Over the period under review, imports saw a buoyant increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, HVAC equipment imports skyrocketed to $X in 2022. Overall, imports saw a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Germany (X units) constituted the largest HVAC equipment supplier to Slovakia, with a X% share of total imports. Moreover, HVAC equipment imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was taken by China (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms 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 China (X% per year).

In value terms, the largest HVAC equipment suppliers to Slovakia were Germany ($X), France ($X) and the Czech Republic ($X), with a combined X% share of total imports. China, Italy, South Korea, Hungary, Poland, Thailand and Ukraine lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Hungary, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average HVAC equipment import price stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the import price showed a slight setback. The growth pace was the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2021, and then shrank 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 France ($X per unit), while the price for Ukraine ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform