Slovakia: Network Communications Equipment Market 2024

Network Communications Equipment Market Size in Slovakia

The Slovak network communications equipment market soared to $X in 2022, increasing by 19% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Network communications equipment consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Network Communications Equipment Production in Slovakia

In value terms, network communications equipment production fell slightly to $X in 2022 estimated in export price. In general, the total production indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.4% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 59%. Network communications equipment production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Network Communications Equipment Exports

Exports from Slovakia

For the sixth year in a row, Slovakia recorded growth in overseas shipments of network communications equipment, which increased by 18% to X units in 2022. Overall, exports saw a remarkable increase. The growth pace was the most rapid in 2015 when exports increased by 289%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, network communications equipment exports shrank to $X in 2022. In general, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2019 when exports increased by 195%. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

The Czech Republic (X units), Poland (X units) and Germany (X units) were the main destinations of network communications equipment exports from Slovakia, with a combined 82% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +34.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for network communications equipment exported from Slovakia were the Czech Republic ($X), Poland ($X) and the Netherlands ($X), with a combined 73% share of total exports.

In terms of the main countries of destination, Poland, with a CAGR of +55.3%, 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

The average network communications equipment export price stood at $X per unit in 2022, with a decrease of -27.8% against the previous year. Over the period under review, the export price recorded a slight setback. The pace of growth was the most pronounced in 2016 an increase of 49%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Hungary ($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 (+15.4%), while the prices for the other major destinations experienced mixed trend patterns.

Network Communications Equipment Imports

Imports into Slovakia

In 2022, the amount of network communications equipment imported into Slovakia skyrocketed to X units, increasing by 32% on the previous year. Over the period under review, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 53%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, network communications equipment imports surged to $X in 2022. Overall, imports posted strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 65% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Germany (X units) were the main suppliers of network communications equipment imports to Slovakia, with a combined 78% share of total imports. The Czech Republic, Vietnam and Poland lagged somewhat behind, together comprising a further 7.8%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +83.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), China ($X) and the Czech Republic ($X) were the largest network communications equipment suppliers to Slovakia, together comprising 69% of total imports. Germany, Vietnam and Poland lagged somewhat behind, together accounting for a further 7.1%.

Vietnam, with a CAGR of +69.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 network communications equipment import price amounted to $X per unit, picking up by 15% against the previous year. Over the period under review, the import price, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2020 when the average import price increased by 15%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 the Czech Republic ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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