Slovakia: Electronic Chip Market Overview 2021

Electronic Chip Market Size in Slovakia

In 2020, after two years of decline, there was significant growth in the Slovak electronic chip market, when its value increased by X% to $X. In general, the total consumption indicated a mild increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2020, consumption remained at a lower figure.

Electronic Chip Production in Slovakia

In value terms, electronic chip production expanded notably to $X in 2020 estimated in export prices. Overall, production, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% y-o-y. Electronic chip production peaked at $X in 2017; however, from 2018 to 2020, production stood at a somewhat lower figure.

Electronic Chip Exports

Exports from Slovakia

In 2020, shipments abroad of electronic chips was finally on the rise to reach X units for the first time since 2017, thus ending a two-year declining trend. Over the period under review, exports, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Over the period under review, exports attained the maximum at X units in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, electronic chip exports skyrocketed to $X in 2020. In general, exports, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

Germany (X units), Poland (X units) and the UK (X units) were the main destinations of electronic chip exports from Slovakia, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in the UK, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electronic chip exported from Slovakia were Poland ($X), Germany ($X) and the Czech Republic ($X), with a combined X% share of total exports. The UK, the Netherlands, Italy, Hungary and Hong Kong SAR lagged somewhat behind, together accounting for a further X terms of the main countries of destination, the UK recorded 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 electronic chip export price stood at $X per unit in 2020, stabilizing at the previous year. In general, the export price continues to indicate measured growth. The most prominent rate of growth was recorded in 2012 an increase of X% against the previous year. Over the period under review, average export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to Hong Kong SAR ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic, while the prices for the other major destinations experienced more modest paces of growth.

Electronic Chip Imports

Imports into Slovakia

In 2020, purchases abroad of electronic chips decreased by -X% to X units, falling for the third year in a row after two years of growth. In general, imports continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, imports hit record highs at X units in 2011; however, from 2012 to 2020, imports remained at a lower figure.

In value terms, electronic chip imports rose remarkably to $X in 2020. Overall, imports showed pronounced growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2010; however, from 2011 to 2020, imports remained at a lower figure.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Japan (X units) were the main suppliers of electronic chip imports to Slovakia, with a combined X% share of total imports. These countries were followed by Germany, Malaysia, Hong Kong SAR, Thailand, South Korea, the Netherlands, the U.S. and the Philippines, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the U.S., while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Taiwan (Chinese) ($X) and China ($X) appeared to be the largest electronic chip suppliers to Slovakia, with a combined X% share of total imports. Malaysia, the U.S., the Netherlands, South Korea, Japan, Thailand, the Philippines and Hong Kong SAR lagged somewhat behind, together accounting for a further X U.S. 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

The average electronic chip import price stood at $X per unit in 2020, rising by X% against the previous year. In general, the import price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% y-o-y. The import price peaked in 2020 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electronic chips in the world?

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The countries with the highest volumes of electronic chip consumption in 2020 were China (18B units), the U.S. (16B units) and Viet Nam (14B units), with a combined 48% share of global consumption.

What are the largest producers of electronic chips in the world?

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The countries with the highest volumes of electronic chip production in 2020 were Taiwan (Chinese) (146B units), Singapore (137B units) and the Philippines (88B units), together accounting for 62% of global production.

What are the leading suppliers of electronic chips to Slovakia?

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In value terms, Germany ($88M), Taiwan (Chinese) ($62M) and China ($55M) appeared to be the largest electronic chip suppliers to Slovakia, together comprising 46% of total imports. Malaysia, the U.S., the Netherlands, South Korea, Japan, Thailand, the Philippines and Hong Kong SAR lagged somewhat behind, together comprising a further 40%.

What are the leading importers of electronic chips from Slovakia?

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In value terms, Poland ($28M), Germany ($22M) and the Czech Republic ($20M) constituted the largest markets for electronic chip exported from Slovakia worldwide, with a combined 56% share of total exports. The UK, the Netherlands, Italy, Hungary and Hong Kong SAR lagged somewhat behind, together comprising a further 36%.

What is the average export price for electronic chips in Slovakia?

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In 2020, the average electronic chip export price amounted to $4.5 per unit, standing approx. at the previous year.

What is the average import price for electronic chips in Slovakia?

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The average electronic chip import price stood at $4.2 per unit in 2020, increasing by 17% against the previous year.