Slovakia: Market for Steering Wheels, Steering Columns And Steering Boxes 2025

Market Size for Steering Wheels, Steering Columns And Steering Boxes in Slovakia

In 2022, the Slovak steering wheels and columns market increased by 0.4% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Steering wheels and columns consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Steering Wheels, Steering Columns And Steering Boxes in Slovakia

In value terms, steering wheels and columns production surged to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt curtailment. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Steering Wheels, Steering Columns And Steering Boxes

Exports from Slovakia

In 2022, the amount of steering wheels, steering columns and steering boxes exported from Slovakia totaled X tons, surging by 3.2% against the previous year's figure. Over the period under review, total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +11.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +20.2% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 270% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, steering wheels and columns exports contracted to $X in 2022. Overall, exports enjoyed strong growth. The pace of growth was the most pronounced in 2013 with an increase of 187% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for steering wheels and columns exports from Slovakia, accounting for a 65% share of total exports. Moreover, steering wheels and columns exports to the Czech Republic exceeded the volume sent to the second major destination, Germany (X tons), sevenfold. The third position in this ranking was held by Austria (X tons), with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume to the Czech Republic stood at +36.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+9.7% per year) and Austria (+18.2% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for steering wheels, steering columns and steering boxes exports from Slovakia, comprising 65% of total exports. The second position in the ranking was held by Germany ($X), with a 6.8% share of total exports. It was followed by Austria, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value to the Czech Republic totaled +30.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+10.1% per year) and Austria (+19.8% per year).

Export Prices by Country

In 2022, the average steering wheels and columns export price amounted to $X per ton, which is down by -10.4% against the previous year. Over the period under review, the export price showed a perceptible descent. The most prominent rate of growth was recorded in 2017 an increase of 22% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Steering Wheels, Steering Columns And Steering Boxes

Imports into Slovakia

In 2022, supplies from abroad of steering wheels, steering columns and steering boxes increased by 6.2% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 25%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, steering wheels and columns imports reduced to $X in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 29% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons), South Korea (X tons) and France (X tons) were the main suppliers of steering wheels and columns imports to Slovakia, with a combined 57% share of total imports. Slovenia, Poland, the Czech Republic, Romania and China lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +94.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of steering wheels, steering columns and steering boxes to Slovakia, comprising 42% of total imports. The second position in the ranking was held by South Korea ($X), with a 16% share of total imports. It was followed by France, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-3.3% per year) and France (-4.7% per year).

Import Prices by Country

In 2022, the average steering wheels and columns import price amounted to $X per ton, falling by -8% against the previous year. Overall, the import price continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2016 when the average import price increased by 14%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Romania ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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