Slovakia: Insulating Fittings Market 2025

Insulating Fittings Market Size in Slovakia

The Slovak insulating fittings market surged to $X in 2021, increasing by 56% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Insulating fittings consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Insulating Fittings Production in Slovakia

In value terms, insulating fittings production declined to $X in 2021 estimated in export price. Overall, production, however, saw a precipitous decrease. The pace of growth was the most pronounced in 2018 when the production volume increased by 50% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Insulating Fittings Exports

Exports from Slovakia

In 2021, overseas shipments of insulating fittings for electrical purposes decreased by -62.9% to X tons, falling for the fourth year in a row after four years of growth. In general, exports faced a sharp contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 75% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, insulating fittings exports reduced remarkably to $X in 2021. Over the period under review, exports continue to indicate a sharp contraction. The growth pace was the most rapid in 2014 with an increase of 40%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Lithuania (X tons) was the main destination for insulating fittings exports from Slovakia, with a 50% share of total exports. Moreover, insulating fittings exports to Lithuania exceeded the volume sent to the second major destination, the Czech Republic (X tons), twofold. The third position in this ranking was taken by Romania (X kg), with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Lithuania stood at +48.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-40.2% per year) and Romania (+3.8% per year).

In value terms, the Czech Republic ($X) emerged as the key foreign market for insulating fittings for electrical purposes exports from Slovakia, comprising 49% of total exports. The second position in the ranking was held by Lithuania ($X), with a 17% share of total exports. It was followed by Romania, with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value to the Czech Republic amounted to -35.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+48.6% per year) and Romania (+3.1% per year).

Export Prices by Country

The average insulating fittings export price stood at $X per ton in 2021, which is down by -6.7% against the previous year. Over the period under review, the export price recorded a pronounced slump. The most prominent rate of growth was recorded in 2018 an increase of 35% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 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 Hungary ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Insulating Fittings Imports

Imports into Slovakia

In 2021, overseas purchases of insulating fittings for electrical purposes increased by 101% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports showed a temperate expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, insulating fittings imports surged to $X in 2021. Overall, imports, however, continue to indicate a abrupt descent. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), Italy (X tons) and the Czech Republic (X tons) were the main suppliers of insulating fittings imports to Slovakia, with a combined 75% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +30.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of insulating fittings for electrical purposes to Slovakia, comprising 40% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 16% share of total imports. It was followed by Austria, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+16.4% per year) and Austria (+29.8% per year).

Import Prices by Country

The average insulating fittings import price stood at $X per ton in 2021, reducing by -17.3% against the previous year. In general, the import price showed a drastic downturn. The pace of growth was the most pronounced in 2014 when the average import price increased by 38% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+11.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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