Slovakia: Wind Powered Generator Market 2024

Wind Powered Generator Market Size in Slovakia

The Slovak wind powered generator market shrank rapidly to $X in 2021, waning by -75.5% against the previous year. In general, consumption continues to indicate a deep setback. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Wind Powered Generator Production in Slovakia

In value terms, wind powered generator production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 41%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Wind Powered Generator Exports

Exports from Slovakia

In 2021, overseas shipments of wind powered generating sets increased by 390% to X units, rising for the fifth consecutive year after two years of decline. In general, exports showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 463%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, wind powered generator exports skyrocketed to $X in 2021. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain (X units) was the main destination for wind powered generator exports from Slovakia, accounting for a 73% share of total exports. Moreover, wind powered generator exports to Spain exceeded the volume sent to the second major destination, Germany (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain totaled +266.3%.

In value terms, Spain ($X) remains the key foreign market for wind powered generating sets exports from Slovakia, comprising 83% of total exports. The second position in the ranking was held by Germany ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain amounted to +1,489.1%.

Export Prices by Country

In 2021, the average wind powered generator export price amounted to $X per unit, jumping by 282% against the previous year. In general, the export price, however, recorded a abrupt decrease. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, 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 Spain ($X per unit), while the average price for exports to Germany totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+333.7%), while the prices for the other major destinations experienced mixed trend patterns.

Wind Powered Generator Imports

Imports into Slovakia

In 2021, imports of wind powered generating sets into Slovakia surged to X units, with an increase of 123% on 2020 figures. In general, imports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 1,686% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, wind powered generator imports skyrocketed to $X in 2021. Overall, imports, however, saw a precipitous descent. The growth pace was the most rapid in 2016 when imports increased by 1,514%. Over the period under review, imports reached the maximum 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 wind powered generator to Slovakia, with a 83% share of total imports. Moreover, wind powered generator imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. The UK (X units) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-12.8% per year) and the UK (0.0% per year).

In value terms, China ($X) constituted the largest supplier of wind powered generating sets to Slovakia, comprising 74% of total imports. The second position in the ranking was taken by the UK ($X), with a 12% share of total imports. It was followed by Germany, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (0.0% per year) and Germany (-16.4% per year).

Import Prices by Country

In 2021, the average wind powered generator import price amounted to $X per unit, shrinking by -6.6% against the previous year. Over the period under review, the import price faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 an increase of 577% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+29.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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