Slovakia: Motor Vehicle Radiator Market 2024

Motor Vehicle Radiator Market Size in Slovakia

The Slovak motor vehicle radiator market dropped significantly to $X in 2022, shrinking by -33.8% against the previous year. Overall, consumption showed a deep slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Motor Vehicle Radiator Production in Slovakia

In value terms, motor vehicle radiator production contracted modestly to $X in 2022 estimated in export price. In general, production, however, saw resilient growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by 59% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Motor Vehicle Radiator Exports

Exports from Slovakia

In 2022, the amount of radiators for motor vehicles exported from Slovakia declined markedly to X units, which is down by -32.8% on 2021 figures. Over the period under review, exports, however, posted strong growth. The pace of growth was the most pronounced in 2013 with an increase of 82% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, motor vehicle radiator exports fell dramatically to $X in 2022. Overall, exports, however, showed a resilient increase. The pace of growth was the most pronounced in 2014 when exports increased by 41%. Over the period under review, the exports attained the maximum at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

Denmark (X units) was the main destination for motor vehicle radiator exports from Slovakia, accounting for a 52% share of total exports. Moreover, motor vehicle radiator exports to Denmark exceeded the volume sent to the second major destination, Germany (X units), fourfold. France (X units) ranked third in terms of total exports with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Denmark stood at +14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+15.9% per year) and France (+29.8% per year).

In value terms, the largest markets for motor vehicle radiator exported from Slovakia were Germany ($X), France ($X) and Denmark ($X), with a combined 54% share of total exports. The Czech Republic, Italy, Poland, Turkey and Hungary lagged somewhat behind, together comprising a further 28%.

Among the main countries of destination, Hungary, with a CAGR of +44.8%, recorded 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

The average motor vehicle radiator export price stood at $X per unit in 2022, surging by 17% against the previous year. Overall, the export price, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2021 an increase of 26% against the previous year. Over the period under review, the average export prices attained the maximum 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 Germany ($X per unit), while the average price for exports to Denmark ($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 Italy (+6.2%), while the prices for the other major destinations experienced mixed trend patterns.

Motor Vehicle Radiator Imports

Imports into Slovakia

In 2022, overseas purchases of radiators for motor vehicles decreased by -3.8% to X units, falling for the third year in a row after two years of growth. Overall, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2018 with an increase of 11%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, motor vehicle radiator imports soared to $X in 2022. Over the period under review, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2016 when imports increased by 54% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, France (X units) constituted the largest motor vehicle radiator supplier to Slovakia, with a 32% share of total imports. Moreover, motor vehicle radiator imports from France exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), threefold. The third position in this ranking was taken by Germany (X units), with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France stood at +49.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+8.6% per year) and Germany (-7.4% per year).

In value terms, the Czech Republic ($X), China ($X) and Germany ($X) constituted the largest motor vehicle radiator suppliers to Slovakia, together accounting for 46% of total imports. South Korea, France, Denmark and Spain lagged somewhat behind, together comprising a further 18%.

France, with a CAGR of +51.4%, recorded the highest rates of growth with regard to the value of imports, among 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 motor vehicle radiator import price amounted to $X per unit, picking up by 29% against the previous year. Overall, the import price posted significant growth. The pace of growth appeared the most rapid in 2021 when the average import price increased by 399% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for France ($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 (+39.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform