Slovakia: Radiator Market 2022

Radiator Market Size in Slovakia

In 2021, the Slovak radiator market increased by X% to $X, rising for the second consecutive year after four years of decline. Over the period under review, consumption, however, saw a deep contraction. Radiator consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Radiator Production in Slovakia

In value terms, radiator production rose remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt decline. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Radiator Exports

Exports from Slovakia

In 2021, overseas shipments of radiators for central heating (not electrically heated) increased by X% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, radiator exports surged to $X in 2021. In general, exports recorded a noticeable expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Czech Republic (X tons), Romania (X tons) and Ukraine (X tons) were the main destinations of radiator exports from Slovakia, together comprising X% of total exports.

From 2012 to 2021, the biggest increases were in the Czech Republic (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Romania ($X) and Ukraine ($X) constituted the largest markets for radiator exported from Slovakia worldwide, with a combined X% share of total exports.

Among the main countries of destination, Romania, 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 radiator export price stood at $X per ton in 2021, rising by X% against the previous year. In general, export price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, radiator export price increased by +X% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Romania ($X per ton), while the average price for exports to Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Radiator Imports

Imports into Slovakia

In 2021, overseas purchases of radiators for central heating (not electrically heated) increased by X% to X tons, rising for the second year in a row after four years of decline. In general, imports, however, saw a mild descent. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth imports remained at a lower figure.

In value terms, radiator imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest supplier of radiator to Slovakia, with a X% share of total imports. Moreover, radiator imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Turkey (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Czech Republic stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Turkey (-X% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of radiator to Slovakia, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Czech Republic stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Turkey (-X% per year).

Import Prices by Country

The average radiator import price stood at $X per ton in 2021, with an increase of X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform