Slovakia: Non-Household Fan Market 2024

Non-Household Fan Market Size in Slovakia

The Slovak non-household fan market dropped sharply to $X in 2022, shrinking by -47.8% against the previous year. Overall, consumption, however, continues to indicate a slight increase. Non-household fan consumption peaked at $X in 2021, and then dropped sharply in the following year.

Non-Household Fan Production in Slovakia

In value terms, non-household fan production contracted remarkably to $X in 2022 estimated in export price. In general, production recorded a precipitous setback. Non-household fan production peaked at $X in 2021, and then fell sharply in the following year.

Non-Household Fan Exports

Exports from Slovakia

After four years of growth, overseas shipments of non-household ventilation fans decreased by -38.9% to X units in 2022. Over the period under review, exports, however, saw a significant expansion. The growth pace was the most rapid in 2019 with an increase of 185%. The exports peaked at X units in 2021, and then declined significantly in the following year.

In value terms, non-household fan exports contracted sharply to $X in 2022. In general, exports, however, posted strong growth. The pace of growth was the most pronounced in 2019 when exports increased by 103%. The exports peaked at $X in 2021, and then contracted notably in the following year.

Exports by Country

The Czech Republic (X units), China (X units) and Austria (X units) were the main destinations of non-household fan exports from Slovakia, together comprising 72% of total exports. Germany, Mexico and the United States lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +157.1%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for non-household ventilation fans exports from Slovakia, comprising 35% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 16% share of total exports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +25.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+20.9% per year) and China (+118.4% per year).

Export Prices by Country

The average non-household fan export price stood at $X per unit in 2022, waning by -3.3% against the previous year. In general, the export price showed a abrupt curtailment. The pace of growth was the most pronounced in 2017 when the average export price increased by 36%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Austria ($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 Germany (+2.9%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Household Fan Imports

Imports into Slovakia

In 2022, supplies from abroad of non-household ventilation fans decreased by -46.6% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, recorded a perceptible expansion. The pace of growth was the most pronounced in 2016 when imports increased by 40% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021, and then shrank significantly in the following year.

In value terms, non-household fan imports reduced dramatically to $X in 2022. Overall, imports, however, saw a noticeable increase. The pace of growth was the most pronounced in 2016 with an increase of 77% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank notably in the following year.

Imports by Country

Thailand (X units), Germany (X units) and China (X units) were the main suppliers of non-household fan imports to Slovakia, with a combined 72% share of total imports. Italy, South Korea, Austria, Poland and Ukraine lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +94.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of non-household ventilation fans to Slovakia, comprising 49% of total imports. The second position in the ranking was taken by Italy ($X), with a 10% share of total imports. It was followed by South Korea, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.9% per year) and South Korea (+47.5% per year).

Import Prices by Country

In 2022, the average non-household fan import price amounted to $X per unit, increasing by 12% against the previous year. Over the period under review, the import price, however, showed a slight slump. The most prominent rate of growth was recorded in 2016 an increase of 27%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Germany ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform