Electrical push-button and rotary switches market in Slovakia

Earlier Report Observations

The introduction of new technical standards STN 33 2000-6:2018-07 and the enactment of Law No. 56/2018 along with Government Regulation No. 148/2016 in 2018 established stricter safety and certification requirements for low-voltage electrical installations. This regulatory shift supported a rise in domestic production of certified switches, which increased from 7.3 million US dollars in 2018 to 12.6 million in 2019. Concurrently, imports grew to 191.2 million, driving the total market volume up by 6.6% to 165.4 million US dollars in 2019.

Market volume contracted by 34% to 109.2 million US dollars in 2020, primarily due to a 27% drop in imports to 139.3 million, while production held steady at 12.9 million. Exports began a consistent upward trend during this period. The 2022 update to Slovak technical norms STN for repeated testing of electrical equipment reinforced quality control requirements, which coincided with a further adjustment in import levels to 138.5 million that year.

By 2024, new regulatory measures shaped market dynamics. Decisions by the Regulatory Office for Network Industries (ÚRSO) on network support services and heightened requirements for public electric vehicle charging infrastructure under the AFIR regulation created fresh demand for switches in new applications. This contributed to imports reaching 162.8 million US dollars in 2024, while exports continued their growth to 65.5 million.

Production electrical push-button and rotary switches in Slovakia

In value, 2017-2020, K $ US

Production of electrical push-button and rotary switches in Slovakia has grown for the third year in a row. In 2020, output reached 12 902 thousand US dollars, showing a modest increase of 2.7% compared to 2019. Over the period from 2017 to 2020, production surged by 422.8%, with an average annual growth rate of 73.6%.

Annual dynamics of production in Slovakia in value, 2017-2020, K $ US

Exports electrical push-button and rotary switches from Slovakia

Exports in kind, t

Exports of electrical push-button and rotary switches from Slovakia have risen for the third consecutive year. In 2020, Slovakia exported 1 398 tonnes, up 20.0% from 2019. Between 2017 and 2020, exports grew by 60.5%, with an average annual increase of 17.1%.

Annual dynamics of product's exports from Slovakia in kind, 2017-2020, t

From 2017 to 2020, Germany, Italy, and Czechia were the main destinations for Slovakia's exports of electrical push-button and rotary switches in volume terms. Germany accounted for 36.0% of exports, Italy for 15.4%, and Czechia for 13.5%. Together, these three countries absorbed 64.9% of total exports.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Slovakia in kind, 2017-2020

Exports in value, M $ US

Slovakia's exports of electrical push-button and rotary switches in value terms have increased for the third year running. In 2020, exports totaled 42.9 million US dollars, rising 12.0% compared to 2019. Between 2017 and 2020, exports grew by 28.7%, with an average annual rate of 8.8%.

Annual dynamics of product's exports from Slovakia in value, 2017-2020, M $ US

Between 2017 and 2020, Germany, Czechia, and Denmark remained the top markets for Slovakia's exports of electrical push-button and rotary switches in value terms. Germany held a 42.3% share, Czechia 9.6%, and Denmark 7.9%. Collectively, these three countries accounted for 59.7% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Slovakia in value, 2017-2020

Imports electrical push-button and rotary switches to Slovakia

Imports in kind, t

Imports of electrical push-button and rotary switches into Slovakia have declined for the second year in a row. In 2020, imports amounted to 4 529 tonnes, down 19.7% from the previous year. Between 2017 and 2020, imports increased by 16.9%, with an average annual growth of 5.3%. The peak was in 2018 at 5 701 tonnes, which also saw the largest annual increase of 47.1%.

Annual dynamics of product's imports to Slovakia in kind, 2017-2020, t

From 2017 to 2020, Germany, Romania, and Poland were the primary suppliers of electrical push-button and rotary switches to Slovakia in volume terms. Germany contributed 24.1% of imports, Romania 19.8%, and Poland 14.3%. Together, these three countries made up 58.2% of total imports.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Slovakia in kind, 2017-2020

Imports in value, M $ US

After two years of growth, imports of electrical push-button and rotary switches into Slovakia fell in 2020. Imports totaled 139.3 million US dollars, a sharp decline of 27.2% year-over-year. The highest value was recorded in 2019 at 191.2 million US dollars, while the largest increase occurred in 2018 at 32.9%.

Annual dynamics of product's imports to Slovakia in value, 2017-2020, M $ US

During 2017–2020, Germany, South Korea, and Poland continued to be the main suppliers of electrical push-button and rotary switches to Slovakia in value terms. Germany accounted for 26.0% of imports, South Korea for 14.8%, and Poland for 10.6%. These three countries jointly represented 51.4% of total import value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Slovakia in value, 2017-2020