Printed circuits market in Slovakia

Earlier Report Observations

The Slovak market for printed circuits experienced rapid expansion from 2018 to 2021, with volume increasing more than thirteenfold from 10.8 million units to 142.6 million units. This surge was driven primarily by substantial growth in domestic production, which rose from 33.6 million units to 139.8 million units over the same period. Simultaneously, exports declined sharply, particularly in 2021 when they dropped to 1.1 million units from 23.2 million units in 2020, freeing more output for the domestic market. Import volumes fluctuated but remained a smaller component of market supply.

By 2024, the market volume had further grown to 176.5 million units, supported by continued production growth to 169.8 million units. Exports remained at a low level of 1.6 million units, while imports recovered somewhat to 8.3 million units. The overall trajectory indicates a shift towards greater self-sufficiency and a focus on domestic consumption in the Slovak printed circuits industry.

Production printed circuits in Slovakia

In value, 2017-2020, M $ US

The market demonstrated volatility during the observed period. From 2017 to 2018, the output value fluctuated significantly, with a peak-to-trough amplitude of 2.3 times. In 2018, printed circuits production in Slovakia reached its maximum value of 101.4 million US dollars. By 2020, output had declined to 64.4 million US dollars, marking a sharp decrease of 28.9% compared to 2019. The largest year-on-year increase occurred in 2018, at 133.9%.

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

In kind, 2017-2020, K unit

Slovakia's printed circuits production volume grew for the third consecutive year. In 2020, the country produced 85 690 thousand units, reflecting a significant rise of 42.7% from the previous year. Over the period from 2017 to 2020, production surged by 979.7%, translating to a compound annual growth rate of 121.0%.

Annual dynamics of production in Slovakia in kind, 2017-2020, K unit

Exports printed circuits from Slovakia

Exports in kind, K unit

Market performance showed noticeable fluctuations during this period. Exports reached their lowest point in 2017 and peaked in 2019, with an 8.5-fold difference between these years. In 2020, Slovakia's volume of printed circuits exports stood at 23 154 thousand units, down by 26.0% compared to 2019. The maximum volume was recorded in 2019 at 31 311 thousand units, while the largest year-on-year increase occurred in 2018, at 650.6%.

Annual dynamics of product's exports from Slovakia in kind, 2017-2020, K unit

From 2017 to 2020, Hungary was the primary buyer of printed circuits from Slovakia, accounting for 84.6% of total exports in kind. The remaining share was distributed among a diverse group of other 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, M $ US

In 2020, printed circuits deliveries from Slovakia were valued at 113.3 million US dollars, showing a decline of 25.9% compared to 2019. Over the period from 2017 to 2020, exports decreased by 21.6%, with a compound annual growth rate of -7.8%. The maximum value was recorded in 2019 at 152.9 million US dollars, and the largest year-on-year increase occurred in 2019, at 7.2%.

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

From 2017 to 2020, the principal destinations for Slovakia's printed circuits exports in value terms were Czechia (23.3% of exports), Germany (15.7% of exports), and Hungary (15.0% of exports). Together, these three countries accounted for 54.1% of total export flows.

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

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

Imports printed circuits to Slovakia

Imports in kind, K unit

The market displayed an unstable trend throughout the timeframe. Imports hit their lowest point in 2019 and peaked in 2020, with a 3.2-fold gap between these years. In 2020, Slovakia's volume of printed circuits imports amounted to 14 769 thousand units, showing a sharp increase of 220.6% compared to 2019. The minimum volume was recorded in 2019 at 4 607 thousand units, while the largest year-on-year decline occurred in 2018, at 12.5%.

Annual dynamics of product's imports to Slovakia in kind, 2017-2020, K unit

From 2017 to 2020, the largest suppliers of printed circuits to Slovakia in kind were Germany (33.6% of imports), China (23.2% of imports), and Romania (8.5% of imports). Collectively, these three countries formed 65.2% of total imports in kind.

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

Foreign supplies of printed circuits to Slovakia declined for the third consecutive year. In 2020, Slovakia imported 199.3 million US dollars worth of printed circuits, indicating a substantial reduction of 20.6% compared to the previous year. Between 2017 and 2020, imports decreased by 27.7%, equating to an annualized rate of -10.3%.

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

From 2017 to 2020, the leading sources for Slovakia's printed circuits imports in value terms were Germany (41.6% of imports), China (24.1% of imports), and Thailand (7.5% of imports). Together, these three countries accounted for 73.2% of total import flows.

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

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