Slovakia: Industrial Robot Market 2024

Industrial Robot Market Size in Slovakia

The Slovak industrial robot market contracted notably to $X in 2021, declining by -77% against the previous year. Over the period under review, consumption saw a abrupt downturn. Industrial robot consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Industrial Robot Production in Slovakia

In value terms, industrial robot production fell remarkably to $X in 2021 estimated in export price. Overall, production saw a precipitous curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 33%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Industrial Robot Exports

Exports from Slovakia

In 2021, exports of industrial robots for multiple uses from Slovakia skyrocketed to X units, growing by 44% against 2020 figures. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 149%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, industrial robot exports skyrocketed to $X in 2021. Over the period under review, exports saw a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 219%. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

The Czech Republic (X units) was the main destination for industrial robot exports from Slovakia, with a 47% share of total exports. Moreover, industrial robot exports to the Czech Republic exceeded the volume sent to the second major destination, Germany (X units), twofold. China (X units) ranked third in terms of total exports with a 7.6% share.

From 2012 to 2021, the average annual growth rate of volume to the Czech Republic totaled -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+13.7% per year) and China (+134.5% per year).

In value terms, the Czech Republic ($X) emerged as the key foreign market for industrial robots for multiple uses exports from Slovakia, comprising 67% of total exports. The second position in the ranking was held by Germany ($X), with a 14% share of total exports. It was followed by the Netherlands, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value to the Czech Republic amounted to +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+18.2% per year) and the Netherlands (-47.6% per year).

Export Prices by Country

In 2021, the average industrial robot export price amounted to $X per unit, increasing by 8.9% against the previous year. Over the period under review, the export price recorded buoyant growth. The growth pace was the most rapid in 2016 when the average export price increased by 85%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to Brazil ($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 Sweden (+79.4%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Robot Imports

Imports into Slovakia

In 2021, the amount of industrial robots for multiple uses imported into Slovakia fell dramatically to X units, declining by -64.9% against 2020 figures. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 147%. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, industrial robot imports dropped dramatically to $X in 2021. Overall, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 155% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X units), Sweden (X units) and Mexico (X units) were the main suppliers of industrial robot imports to Slovakia, with a combined 68% share of total imports. These countries were followed by France, the Czech Republic, Austria, South Korea and Italy, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +61.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of industrial robots for multiple uses to Slovakia, comprising 44% of total imports. The second position in the ranking was taken by Sweden ($X), with a 15% share of total imports. It was followed by the Czech Republic, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +21.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+15.8% per year) and the Czech Republic (+8.7% per year).

Import Prices by Country

The average industrial robot import price stood at $X per unit in 2021, picking up by 102% against the previous year. In general, the import price enjoyed a strong expansion. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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