Plastics insulating fittings for electrical purposes market in Slovakia

Earlier Report Observations

The market volume for plastics insulating fittings for electrical purposes in Slovakia declined from 6 746 t in 2018 to 5 399 t in 2020, with its value falling from 41.3 million USD to 30.3 million USD over the same period. This contraction coincided with a sharp reduction in import volumes, which dropped from 2 665 t to 1 386 t, while export volumes initially rose before beginning a downward trend.

Trade flows after 2020 showed significant volatility. Import tonnage rebounded to 2 988 t in 2021 but then fell steadily to 1 358 t by 2024. Exports followed a consistent downward path from 2 474 t in 2020 to 1 366 t in 2024, indicating a broader shift in the country's trade balance for these goods.

In value terms, import costs surged from 35.9 million USD in 2020 to a high of 67.6 million USD in 2023 before moderating to 41.0 million USD in 2024. Export revenues, however, decreased from 33.4 million USD in 2020 to 25.1 million USD in 2024, suggesting changes in unit prices or product mix alongside the volume movements.

Production plastics insulating fittings for electrical purposes in Slovakia

In value, 2017-2020, K $ US

Slovakia's production of plastics insulating fittings for electrical purposes has grown for the third consecutive year. In 2020, output reached 27 892 thousand US dollars, marking a 3.4% increase compared to 2019. From 2017 to 2020, production surged by 248.7%, translating to an annualized growth rate of 51.6%.

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

In kind, 2017-2020, t

The market exhibited volatility during the observed period. Production volumes hit their lowest point in 2017 and peaked in 2019, showing a 5.8-fold difference between these years. In 2020, Slovakia produced 6 487 tonnes of plastics insulating fittings for electrical purposes, a slight 2.3% decrease year-over-year. The highest volume was recorded in 2019 at 6 641 tonnes, while the largest annual increase occurred in 2018 with a jump of 429.8%.

Annual dynamics of production in Slovakia in kind, 2017-2020, t

Exports plastics insulating fittings for electrical purposes from Slovakia

Exports in kind, t

After two years of growth, Slovakia's exports of plastics insulating fittings for electrical purposes declined. In 2020, exports totaled 2 474 tonnes, down 7.1% from the previous year. From 2017 to 2020, exports increased by 63.9%, with a compound annual growth rate of 17.9%. The peak was in 2019 at 2 661 tonnes, and the largest annual increase was also in 2019 at 34.2%.

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

Between 2017 and 2020, the geographical structure of exports in volume terms was highly diversified. Germany accounted for 21.4% of exports, Hungary for 10.6%, and Romania for 10.0%, together making up only 41.9% of total flows. The remaining 58.1% was distributed among numerous smaller partner countries.

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, K $ US

Following two years of improvement, Slovakia's cross-border shipments of plastics insulating fittings for electrical purposes declined. In 2020, exports amounted to 33 440 thousand US dollars, a 2.1% decrease compared to the previous year. From 2017 to 2020, exports grew by 55.3%, equating to an annualized rate of 15.8%. The highest value was recorded in 2019 at 34 151 thousand US dollars, with the largest annual increase in 2018 at 46.5%.

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

From 2017 to 2020, the partner landscape for exports in value terms was broad. Germany contributed 18.9% of exports, Romania 9.6%, and Serbia 8.8%, together forming only 37.3% of total flows. A substantial 62.7% was supplied to many other countries.

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

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

Imports plastics insulating fittings for electrical purposes to Slovakia

Imports in kind, t

Slovakia's imports of plastics insulating fittings for electrical purposes declined for the third consecutive year. In 2020, imports reached 1 386 tonnes, representing a robust 17.3% decrease from the previous year. Between 2017 and 2020, imports fell by 66.9%, with an annualized decline rate of 30.8%.

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

Throughout 2017 to 2020, Germany, Austria, and Hungary formed the core of imports in volume terms. Germany accounted for 41.8% of imports, Austria for 12.9%, and Hungary for 7.4%, together taking 62.1% of total flows.

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, K $ US

Slovakia's imports of plastics insulating fittings for electrical purposes declined for the third consecutive year. In 2020, imports totaled 35 895 thousand US dollars, indicating a moderate 9.8% decrease versus the previous year. Over the period 2017 to 2020, imports decreased by 36%, with a compound annual growth rate of -13.8%.

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

From 2017 to 2020, Germany, Czechia, and the United Kingdom remained the principal suppliers of plastics insulating fittings for electrical purposes to Slovakia. Germany accounted for 41.2% of imports in value terms, Czechia for 8.8%, and the United Kingdom for 6.9%, jointly making up 56.9% of total imports.

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

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