Slovakia: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Slovakia

The Slovak air conditioning machine market surged to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption showed a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Air Conditioning Machine Production in Slovakia

In value terms, air conditioning machine production surged to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible decrease. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Air Conditioning Machine Exports

Exports from Slovakia

In 2022, shipments abroad of non-window or wall air conditioning machines increased by X% to X units for the first time since 2017, thus ending a four-year declining trend. Overall, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, air conditioning machine exports reduced to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then fell modestly in the following year.

Exports by Country

The Czech Republic (X units) was the main destination for air conditioning machine exports from Slovakia, accounting for a X% share of total exports. Moreover, air conditioning machine exports to the Czech Republic exceeded the volume sent to the second major destination, Croatia (X units), sevenfold. The third position in this ranking was held by Hungary (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the Czech Republic totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (X% per year) and Hungary (X% per year).

In value terms, Poland ($X), the Czech Republic ($X) and Croatia ($X) constituted the largest markets for air conditioning machine exported from Slovakia worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Croatia, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average air conditioning machine export price amounted to $X per unit, dropping by X% against the previous year. Overall, the export price saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, 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 the United Arab Emirates ($X,790 per unit), while the average price for exports to North Macedonia ($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 the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into Slovakia

In 2022, after two years of decline, there was significant growth in overseas purchases of non-window or wall air conditioning machines, when their volume increased by X% to X units. Overall, imports recorded a prominent increase. The growth pace was the most rapid in 2015 with an increase of X%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, air conditioning machine imports amounted to $X in 2022. Over the period under review, total imports indicated a strong expansion 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Austria (X units) constituted the largest supplier of air conditioning machine to Slovakia, with a X% share of total imports. Moreover, air conditioning machine imports from Austria exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), fivefold. The third position in this ranking was held by Germany (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Austria stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Germany (X% per year).

In value terms, Austria ($X), the Czech Republic ($X) and Germany ($X) constituted the largest air conditioning machine suppliers to Slovakia, together comprising X% of total imports. China, Italy, Hungary, the Netherlands, Ireland, Belgium and Thailand lagged somewhat behind, together comprising a further X%.

Ireland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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 air conditioning machine import price amounted to $X per unit, shrinking by X% against the previous year. Overall, the import price saw a pronounced curtailment. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum 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 ($X per unit), while the price for Belgium ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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