Slovakia: Market for Household Washing and Drying Machines 2024

Market Size for Household Washing and Drying Machines in Slovakia

The Slovak washing and drying machine market declined notably to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption continues to indicate a pronounced reduction. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Household Washing and Drying Machines in Slovakia

In value terms, washing and drying machine production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated slight growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

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Exports of Household Washing and Drying Machines

Exports from Slovakia

In 2022, overseas shipments of household washing and drying machines decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, washing and drying machine exports declined to $X in 2022. Over the period under review, total exports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

France (X units), Poland (X units) and Italy (X units) were the main destinations of washing and drying machine exports from Slovakia.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for washing and drying machine exported from Slovakia were France ($X), the Czech Republic ($X) and Poland ($X), together comprising X% of total exports. Hungary, Italy, Germany, Spain, Romania, Sweden, the Netherlands, Hong Kong SAR, Ukraine and Russia lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Spain, with a CAGR of X%, 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 washing and drying machine export price stood at $X per unit in 2022, picking up by X% against the previous year. In general, the export price, however, showed a pronounced slump. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a 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 ($X per unit), while the average price for exports to the Netherlands ($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 Hungary (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Household Washing and Drying Machines

Imports into Slovakia

In 2022, after six years of growth, there was significant decline in purchases abroad of household washing and drying machines, when their volume decreased by X% to X units. Overall, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, washing and drying machine imports declined rapidly to $X in 2022. In general, imports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then shrank dramatically in the following year.

Imports by Country

The Czech Republic (X units), Poland (X units) and China (X units) were the main suppliers of washing and drying machine imports to Slovakia.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Poland ($X) and China ($X) appeared to be the largest washing and drying machine suppliers to Slovakia.

In terms of the main suppliers, the Czech Republic, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average washing and drying machine import price stood at $X per unit in 2022, waning by X% against the previous year. In general, the import price continues to indicate a pronounced decline. The growth pace was the most rapid in 2015 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 ($X per unit), while the price for Russia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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