Slovakia: Market for Motor Vehicle Chassis Fitted With Engines 2024

Market Size for Motor Vehicle Chassis Fitted With Engines in Slovakia

In 2022, the Slovak market for motor vehicle chassis fitted with engines was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption, however, continues to indicate a noticeable curtailment. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Motor Vehicle Chassis Fitted With Engines in Slovakia

In value terms, production of motor vehicle chassis fitted with engines contracted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of 59%. As a result, production attained the peak level of $X. From 2014 to 2022, production of growth remained at a lower figure.

Exports of Motor Vehicle Chassis Fitted With Engines

Exports from Slovakia

Exports of motor vehicle chassis fitted with engines from Slovakia rose slightly to X units in 2022, with an increase of 1.6% compared with the previous year's figure. In general, exports, however, continue to indicate a noticeable decline. The growth pace was the most rapid in 2015 when exports increased by 1,533% against the previous year. Over the period under review, the exports of reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of motor vehicle chassis fitted with engines contracted to $X in 2022. Over the period under review, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 3,765% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X units) was the main destination for exports of motor vehicle chassis fitted with engines from Slovakia, accounting for a 74% share of total exports. Moreover, exports of motor vehicle chassis fitted with engines to the Czech Republic exceeded the volume sent to the second major destination, Hungary (X units), sixfold. Germany (X units) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic stood at +38.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+47.9% per year) and Germany (+14.5% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for motor vehicle chassis fitted with engines exports from Slovakia, comprising 83% of total exports. The second position in the ranking was taken by Hungary ($X), with an 8.8% share of total exports. It was followed by Germany, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic totaled +48.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+54.6% per year) and Germany (+51.7% per year).

Export Prices by Country

The average export price for motor vehicle chassis fitted with engines stood at $X per unit in 2022, declining by -10.5% against the previous year. In general, the export price, however, saw a significant expansion. The pace of growth appeared the most rapid in 2014 an increase of 151% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to Finland ($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 (+32.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Motor Vehicle Chassis Fitted With Engines

Imports into Slovakia

In 2022, purchases abroad of motor vehicle chassis fitted with engines increased by 0.5% to X units, rising for the second year in a row after three years of decline. In general, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2014 when imports increased by 452%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, imports of motor vehicle chassis fitted with engines totaled $X in 2022. Overall, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 when imports increased by 314% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

Germany (X units), the Czech Republic (X units) and Italy (X units) were the main suppliers of imports of motor vehicle chassis fitted with engines to Slovakia, together comprising 62% of total imports. Portugal, Spain, France and China lagged somewhat behind, together accounting for a further 8.1%.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +57.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest motor vehicle chassis fitted with engines suppliers to Slovakia were Germany ($X), the Czech Republic ($X) and Italy ($X), together accounting for 69% of total imports. Spain, Portugal, France and China lagged somewhat behind, together comprising a further 11%.

In terms of the main suppliers, Portugal, with a CAGR of +338.6%, recorded 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 import price for motor vehicle chassis fitted with engines stood at $X per unit in 2022, increasing by 11% against the previous year. Over the period under review, the import price recorded significant growth. The pace of growth was the most pronounced in 2018 when the average import price increased by 190%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+178.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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