Slovakia: Optical Radiation Instruments Market 2024

Optical Radiation Instruments Market Size in Slovakia

The Slovak optical radiation instruments market fell modestly to $X in 2022, standing approx. at the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Optical Radiation Instruments Production in Slovakia

In value terms, optical radiation instruments production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by 34%. Optical radiation instruments production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Optical Radiation Instruments Exports

Exports from Slovakia

In 2022, shipments abroad of instruments using optical radiations increased by 46% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 88%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, optical radiation instruments exports surged to $X in 2022. Over the period under review, exports, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2018 with an increase of 129%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for optical radiation instruments exports from Slovakia, accounting for a 79% share of total exports. Moreover, optical radiation instruments exports to Germany exceeded the volume sent to the second major destination, Ukraine (X units), more than tenfold. The third position in this ranking was taken by Poland (X units), with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-2.3% per year) and Poland (+4.9% per year).

In value terms, Germany ($X) remains the key foreign market for instruments using optical radiations exports from Slovakia, comprising 51% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 7.2% share of total exports. It was followed by Poland, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+3,178.5% per year) and Poland (+5.8% per year).

Export Prices by Country

The average optical radiation instruments export price stood at $X per unit in 2022, declining by -2% against the previous year. Overall, the export price continues to indicate a perceptible decrease. The growth pace was the most rapid in 2015 when the average export price increased by 40%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

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 the Czech Republic ($X per unit), while the average price for exports to Ukraine ($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 Hong Kong SAR (+96.6%), while the prices for the other major destinations experienced more modest paces of growth.

Optical Radiation Instruments Imports

Imports into Slovakia

In 2022, the amount of instruments using optical radiations imported into Slovakia skyrocketed to X units, jumping by 26% compared with the year before. Over the period under review, imports saw buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 127% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, optical radiation instruments imports skyrocketed to $X in 2022. In general, imports posted a temperate increase. The most prominent rate of growth was recorded in 2015 when imports increased by 62% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Japan (X units), China (X units) and the Netherlands (X units) were the main suppliers of optical radiation instruments imports to Slovakia, together accounting for 26% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +61.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest optical radiation instruments suppliers to Slovakia were China ($X), the United States ($X) and Japan ($X), together comprising 26% of total imports. Austria, Germany, the Netherlands, the UK, Switzerland and Italy lagged somewhat behind, together comprising a further 20%.

In terms of the main suppliers, Austria, with a CAGR of +170.5%, saw the highest growth rate of 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

In 2022, the average optical radiation instruments import price amounted to $X per unit, leveling off at the previous year. In general, the import price saw a noticeable slump. The most prominent rate of growth was recorded in 2018 an increase of 38% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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