Slovakia: Aircraft Market 2024

Aircraft Market Size in Slovakia

In 2023, the Slovak aircraft market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, recorded a mild shrinkage. As a result, consumption attained the peak level of $X. From 2015 to 2023, the growth of the market remained at a somewhat lower figure.

Aircraft Production in Slovakia

In value terms, aircraft production reached $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Aircraft Exports

Exports from Slovakia

In 2023, exports of airplanes and other aircraft from Slovakia surged to X units, with an increase of X% on the previous year's figure. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, aircraft exports skyrocketed to $X in 2023. Over the period under review, exports saw resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Estonia (X units) was the main destination for aircraft exports from Slovakia, accounting for a X% share of total exports. Moreover, aircraft exports to Estonia exceeded the volume sent to the second major destination, Poland (X units), fivefold. The third position in this ranking was taken by Canada (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Estonia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Canada (X% per year).

In value terms, Poland ($X), Germany ($X) and the United States ($X) appeared to be the largest markets for aircraft exported from Slovakia worldwide, together comprising X% of total exports. France, the UK, the Czech Republic, Austria, Estonia, Australia, Canada and Serbia lagged somewhat behind, together comprising a further X%.

Serbia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average aircraft export price amounted to $X per unit, falling by X% against the previous year. Overall, the export price showed a abrupt decline. The pace of growth was the most pronounced in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Estonia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Aircraft Imports

Imports into Slovakia

In 2023, purchases abroad of airplanes and other aircraft increased by X% to X units, rising for the second year in a row after four years of decline. Over the period under review, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2023, the growth of imports remained at a lower figure.

In value terms, aircraft imports declined modestly to $X in 2023. Overall, imports, however, continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Imports peaked at $X in 2017; however, from 2018 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, the Czech Republic (X units) constituted the largest supplier of aircraft to Slovakia, with a X% share of total imports. Moreover, aircraft imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, the United States (X units), sixfold. Saudi Arabia (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from the Czech Republic totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Saudi Arabia (X% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of airplanes and other aircraft to Slovakia, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from the Czech Republic amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Germany (X% per year).

Import Prices by Country

The average aircraft import price stood at $X per unit in 2023, falling by X% against the previous year. Overall, the import price saw a deep reduction. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform