Slovakia: Internal Combustion Engines Market 2024

Internal Combustion Engines Market Size in Slovakia

The Slovak internal combustion engines market declined to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, recorded a abrupt decrease. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Internal Combustion Engines Production in Slovakia

In value terms, internal combustion engines production soared to $X in 2022 estimated in export price. In general, production, however, recorded a sharp shrinkage. Internal combustion engines production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Internal Combustion Engines Exports

Exports from Slovakia

In 2022, overseas shipments of motor vehicles compression-ignition internal combustion piston engines decreased by X% to X units, falling for the fifth year in a row after six years of growth. Over the period under review, exports saw a deep slump. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, internal combustion engines exports reduced remarkably to $X in 2022. In general, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2015 when exports increased by X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X units) was the main destination for internal combustion engines exports from Slovakia, with a X% share of total exports. Moreover, internal combustion engines exports to the Czech Republic exceeded the volume sent to the second major destination, Ukraine (X units), more than tenfold.

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

In value terms, the Czech Republic ($X) remains the key foreign market for motor vehicles compression-ignition internal combustion piston engines exports from Slovakia, comprising X% of total exports. The second position in the ranking was taken by Hungary ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Ukraine (X% per year).

Export Prices by Country

The average internal combustion engines export price stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the export price saw a deep slump. The growth pace was the most rapid in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to Ukraine ($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 Ukraine (X%), while the prices for the other major destinations experienced a decline.

Internal Combustion Engines Imports

Imports into Slovakia

For the fourth year in a row, Slovakia recorded decline in purchases abroad of motor vehicles compression-ignition internal combustion piston engines, which decreased by X% to X units in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, internal combustion engines imports shrank markedly to $X in 2022. In general, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The UK (X units), Hungary (X units) and Germany (X units) were the main suppliers of internal combustion engines imports to Slovakia, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest internal combustion engines suppliers to Slovakia were the UK ($X), Germany ($X) and Hungary ($X), together comprising X% of total imports.

In terms of the main suppliers, the UK, with a CAGR of X%, recorded the highest rates of growth with regard to 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 internal combustion engines import price stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the import price, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The import price peaked at $X per unit in 2021, and then contracted slightly in the following year.

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 Germany ($X per unit), while the price for France ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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