Slovakia: Electric Rotary Converter Market 2025

Electric Rotary Converter Market Size in Slovakia

The Slovak electric rotary converter market contracted dramatically to $X in 2021, dropping by -23.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a precipitous shrinkage. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Electric Rotary Converter Exports

Exports from Slovakia

Electric rotary converter exports from Slovakia skyrocketed to X units in 2021, increasing by 44% compared with the previous year's figure. In general, exports, however, continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2018 when exports increased by 2,840%. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, electric rotary converter exports surged to $X in 2021. Overall, exports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 2,708% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Denmark (X units) was the main destination for electric rotary converter exports from Slovakia, with a 96% share of total exports. Moreover, electric rotary converter exports to Denmark exceeded the volume sent to the second major destination, Algeria (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Denmark stood at +214.3%.

In value terms, Denmark ($X) remains the key foreign market for electric rotary converters exports from Slovakia, comprising 78% of total exports. The second position in the ranking was taken by Algeria ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Denmark totaled +161.1%.

Export Prices by Country

The average electric rotary converter export price stood at $X per unit in 2021, jumping by 35% against the previous year. Overall, the export price, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2014 an increase of 124% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Algeria ($X per unit), while the average price for exports to Denmark amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+33.5%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Rotary Converter Imports

Imports into Slovakia

For the third year in a row, Slovakia recorded decline in purchases abroad of electric rotary converters, which decreased by -28.5% to X units in 2021. In general, imports faced a dramatic curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 409%. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, electric rotary converter imports soared to $X in 2021. Overall, imports recorded a deep setback. The pace of growth was the most pronounced in 2018 when imports increased by 185%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electric rotary converter to Slovakia, with a 66% share of total imports. Moreover, electric rotary converter imports from China exceeded the figures recorded by the second-largest supplier, Russia (X units), threefold. The third position in this ranking was held by Germany (X units), with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -27.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+43.0% per year) and Germany (-11.3% per year).

In value terms, the largest electric rotary converter suppliers to Slovakia were Russia ($X), China ($X) and Germany ($X), together accounting for 90% of total imports.

In terms of the main suppliers, Russia, with a CAGR of +36.0%, 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 mixed trend patterns.

Import Prices by Country

In 2021, the average electric rotary converter import price amounted to $X per unit, surging by 244% against the previous year. Overall, the import price recorded a remarkable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Russia ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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