Slovakia: Refrigerator And Freezer Market 2024

Refrigerator And Freezer Market Size in Slovakia

The Slovak refrigerator and freezer market contracted significantly to $X in 2022, with a decrease of X% against the previous year. In general, consumption recorded a perceptible setback. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Refrigerator And Freezer Production in Slovakia

In value terms, refrigerator and freezer production declined sharply to $X in 2022 estimated in export price. Overall, production recorded a abrupt decrease. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Refrigerator and freezer production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Refrigerator And Freezer Exports

Exports from Slovakia

For the fifth year in a row, Slovakia recorded growth in overseas shipments of refrigerators and freezers, which increased by X% to X units in 2022. Overall, exports posted resilient growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, refrigerator and freezer exports skyrocketed to $X in 2022. Over the period under review, exports showed prominent growth. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The Czech Republic (X units) was the main destination for refrigerator and freezer exports from Slovakia, accounting for a X% share of total exports. Moreover, refrigerator and freezer exports to the Czech Republic exceeded the volume sent to the second major destination, Hungary (X units), twofold. The third position in this ranking was taken by Austria (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Austria (X% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for refrigerators and freezers exports from Slovakia, comprising X% of total exports. The second position in the ranking was held by Hungary ($X), with a X% share of total exports. It was followed by Austria, with a X% share.

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

Export Prices by Country

In 2022, the average refrigerator and freezer export price amounted to $X per unit, surging by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 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 Austria ($X per unit), while the average price for exports to Germany ($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 Hungary (X%), while the prices for the other major destinations experienced mixed trend patterns.

Refrigerator And Freezer Imports

Imports into Slovakia

After three years of growth, overseas purchases of refrigerators and freezers decreased by X% to X units in 2022. In general, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at X units in 2021, and then shrank in the following year.

In value terms, refrigerator and freezer imports fell to $X in 2022. Overall, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, the Czech Republic (X units) constituted the largest supplier of refrigerator and freezer to Slovakia, accounting for a X% share of total imports. Moreover, refrigerator and freezer imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Poland (X units), twofold. The third position in this ranking was held by Italy (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Czech Republic totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Italy (X% per year).

In value terms, the largest refrigerator and freezer suppliers to Slovakia were the Czech Republic ($X), Poland ($X) and Italy ($X), together accounting for X% of total imports.

The Czech Republic, with a CAGR of X%, 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

The average refrigerator and freezer import price stood at $X per unit in 2022, rising by X% against the previous year. In general, the import price, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 South Korea ($X per unit), while the price for Romania ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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