Slovakia: Timer Market 2025

Timer Market Size in Slovakia

For the fourth year in a row, the Slovak timer market recorded decline in sales value, which decreased by -7% to $X in 2022. In general, consumption recorded a abrupt curtailment. Timer consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Timer Production in Slovakia

In value terms, timer production declined to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when the production volume increased by 64% against the previous year. Timer production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Timer Exports

Exports from Slovakia

After two years of growth, shipments abroad of timers decreased by -63.4% to X units in 2022. In general, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 1,181%. Over the period under review, the exports reached the peak figure at X units in 2021, and then shrank markedly in the following year.

In value terms, timer exports declined remarkably to $X in 2022. Overall, exports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2019 when exports increased by 4,242% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then reduced rapidly in the following year.

Exports by Country

Poland (X units), Hungary (X units) and the Czech Republic (X units) were the main destinations of timer exports from Slovakia, with a combined 93% share of total exports.

From 2014 to 2022, the biggest increases were recorded for Poland (with a CAGR of +312.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) remains the key foreign market for timers exports from Slovakia, comprising 55% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 26% share of total exports. It was followed by Germany, with a 9.1% share.

From 2014 to 2022, the average annual growth rate of value to Poland totaled +257.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+130.3% per year) and Germany (+149.7% per year).

Export Prices by Country

In 2022, the average timer export price amounted to $X per unit, growing by 29% against the previous year. In general, the export price, however, recorded a sharp decline. The pace of growth was the most pronounced in 2019 when the average export price increased by 22,852% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to Hungary ($X per unit) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+702.5%), while the prices for the other major destinations experienced a decline.

Timer Imports

Imports into Slovakia

In 2022, purchases abroad of timers decreased by -38.7% to X units, falling for the second year in a row after three years of growth. In general, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2015 with an increase of 371%. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, timer imports contracted significantly to $X in 2022. Overall, imports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2015 with an increase of 359%. Over the period under review, imports hit record highs at $X in 2021, and then contracted markedly in the following year.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of timer to Slovakia, accounting for a 48% share of total imports. Moreover, timer imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X units), threefold. Austria (X units) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +23.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+120.4% per year) and Austria (+95.5% per year).

In value terms, Germany ($X) constituted the largest supplier of timers to Slovakia, comprising 58% of total imports. The second position in the ranking was taken by China ($X), with a 14% share of total imports. It was followed by Austria, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +47.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+21.8% per year) and Austria (+122.7% per year).

Import Prices by Country

In 2022, the average timer import price amounted to $X per unit, surging by 24% against the previous year. In general, the import price, however, showed a slight slump. The most prominent rate of growth was recorded in 2016 an increase of 94% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average 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 Germany ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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