Slovakia: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Slovakia

In 2022, the Slovak air conditioning machine market increased by 7.7% to $X, rising for the third consecutive year after two years of decline. In general, consumption continues to indicate a perceptible reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Air Conditioning Machine Production in Slovakia

In value terms, air conditioning machine production skyrocketed to $X in 2022 estimated in export price. In general, production saw a noticeable decrease. The growth pace was the most rapid in 2021 when the production volume increased by 44%. Air conditioning machine production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Air Conditioning Machine Exports

Exports from Slovakia

In 2022, the amount of non-window or wall air conditioning machines exported from Slovakia declined modestly to X units, with a decrease of -4.8% on the year before. Overall, total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -17.1% against 2020 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 35% against the previous year. Over the period under review, the exports reached the maximum at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, air conditioning machine exports dropped slightly to $X in 2022. The total export value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by 28%. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

The UK (X units), Germany (X units) and Italy (X units) were the main destinations of air conditioning machine exports from Slovakia, together accounting for 28% of total exports. France, Poland, Croatia, the Czech Republic, Brazil, Turkey, Israel, Spain, Ireland and Austria lagged somewhat behind, together comprising a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +130.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for air conditioning machine exported from Slovakia were Germany ($X), the UK ($X) and France ($X), together accounting for 32% of total exports. Israel, Italy, Poland, the Czech Republic, Brazil, Croatia, Austria, Spain, Turkey and Ireland lagged somewhat behind, together comprising a further 39%.

In terms of the main countries of destination, Brazil, with a CAGR of +131.2%, saw the highest growth rate of 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

In 2022, the average air conditioning machine export price amounted to $X per unit, growing by 3.9% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible setback. The pace of growth was the most pronounced in 2021 when the average export price increased by 24%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($X per unit), while the average price for exports to Ireland ($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 Spain (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into Slovakia

In 2022, imports of non-window or wall air conditioning machines into Slovakia amounted to X units, with an increase of 10% compared with 2021. Overall, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2015 with an increase of 50% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, air conditioning machine imports expanded rapidly to $X in 2022. In general, total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.7% against 2020 indices. The pace of growth was the most pronounced in 2015 when imports increased by 25%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of air conditioning machine to Slovakia, with a 36% share of total imports. Moreover, air conditioning machine imports from China exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), twofold. Germany (X units) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+8.9% per year) and Germany (+2.0% per year).

In value terms, the Czech Republic ($X), China ($X) and Italy ($X) constituted the largest air conditioning machine suppliers to Slovakia, together comprising 47% of total imports. Germany, France, Hungary and Poland lagged somewhat behind, together comprising a further 7.5%.

In terms of the main suppliers, Poland, with a CAGR of +23.8%, saw the highest rates of growth with regard to 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

The average air conditioning machine import price stood at $X per unit in 2022, stabilizing at the previous year. In general, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 12% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform