Slovakia: Vacuum Pump Market 2024

Vacuum Pump Market Size in Slovakia

The Slovak vacuum pump market expanded sharply to $X in 2022, picking up by 8.1% 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). Over the period under review, consumption showed a buoyant increase. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Vacuum Pump Exports

Exports from Slovakia

Vacuum pump exports from Slovakia soared to X units in 2022, picking up by 44% against the previous year. Over the period under review, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by 59%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, vacuum pump exports soared to $X in 2022. Overall, total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +114.8% against 2015 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 24%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The Czech Republic (X units), Argentina (X units) and Poland (X units) were the main destinations of vacuum pump exports from Slovakia, with a combined 76% share of total exports. Brazil, Russia, Hungary and Germany lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +23.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Argentina ($X) and the Czech Republic ($X) were the largest markets for vacuum pump exported from Slovakia worldwide, with a combined 60% share of total exports. Poland, Germany, Hungary and Brazil lagged somewhat behind, together accounting for a further 18%.

In terms of the main countries of destination, Hungary, with a CAGR of +6.2%, saw the highest rates of growth with regard to 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 vacuum pump export price stood at $X per unit in 2022, which is down by -16.6% against the previous year. In general, the export price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2021 an increase of 43%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to the Czech Republic ($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 Germany (-1.1%), while the prices for the other major destinations experienced a decline.

Vacuum Pump Imports

Imports into Slovakia

Vacuum pump imports into Slovakia soared to X units in 2022, jumping by 24% against the year before. Over the period under review, imports posted a prominent increase. The growth pace was the most rapid in 2021 with an increase of 38%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, vacuum pump imports expanded to $X in 2022. Overall, imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of 74%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, South Korea (X units) constituted the largest supplier of vacuum pump to Slovakia, accounting for a 60% share of total imports. Moreover, vacuum pump imports from South Korea exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was taken by China (X units), with an 8.2% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea amounted to +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+22.9% per year) and China (+14.3% per year).

In value terms, the largest vacuum pump suppliers to Slovakia were Germany ($X), South Korea ($X) and China ($X), together accounting for 85% of total imports. Hungary lagged somewhat behind, comprising a further 4%.

Hungary, with a CAGR of +62.2%, saw the highest growth rate of the value of imports, in terms of 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 vacuum pump import price amounted to $X per unit, declining by -17.1% against the previous year. In general, the import price saw a mild reduction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 35%. The import price peaked at $X per unit in 2019; however, from 2020 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 China ($X per unit), while the price for South Korea ($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 (+14.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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