Slovakia: Ignition Magneto Market 2025

Ignition Magneto Market Size in Slovakia

The Slovak ignition magneto market skyrocketed to $X in 2021, surging by 22% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a significant increase. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the near future.

Ignition Magneto Exports

Exports from Slovakia

In 2021, after four years of growth, there was significant decline in shipments abroad of ignition magnetos, magneto-dynamos and magnetic flywheels, when their volume decreased by -84.6% to X units. Over the period under review, exports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2018 with an increase of 132%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, ignition magneto exports dropped remarkably to $X in 2021. Overall, exports faced a abrupt slump. The pace of growth appeared the most rapid in 2018 when exports increased by 1,707% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X units) was the main destination for ignition magneto exports from Slovakia, with a 66% share of total exports. Moreover, ignition magneto exports to Italy exceeded the volume sent to the second major destination, Slovenia (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy totaled +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (0.0% per year) and the Czech Republic (-32.7% per year).

In value terms, Italy ($X) emerged as the key foreign market for ignition magnetos, magneto-dynamos and magnetic flywheels exports from Slovakia, comprising 93% of total exports. The second position in the ranking was taken by Slovenia ($X), with a 4.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Italy totaled +42.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (0.0% per year) and the Czech Republic (-32.9% per year).

Export Prices by Country

The average ignition magneto export price stood at $X per unit in 2021, rising by 325% against the previous year. Overall, the export price recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 an increase of 680% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Italy ($X per unit), while the average price for exports to Slovenia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+37.3%), while the prices for the other major destinations experienced a decline.

Ignition Magneto Imports

Imports into Slovakia

In 2021, the amount of ignition magnetos, magneto-dynamos and magnetic flywheels imported into Slovakia expanded remarkably to X units, surging by 13% on 2020. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 178%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, ignition magneto imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 121% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Italy (X units) was the main ignition magneto supplier to Slovakia, with a approx. 96% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled +23.4%.

In value terms, Italy ($X) constituted the largest supplier of ignition magnetos, magneto-dynamos and magnetic flywheels to Slovakia.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy totaled +21.6%.

Import Prices by Country

The average ignition magneto import price stood at $X per unit in 2021, picking up by 8.7% against the previous year. In general, the import price, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2017 an increase of 14%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Italy.

From 2012 to 2021, the rate of growth in terms of prices for Italy amounted to -1.5% per year.

Source: IndexBox Platform

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