Slovakia: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in Slovakia

The Slovak pneumatic linear acting actuator market shrank significantly to $X in 2023, reducing by X% against the previous year. Overall, consumption, however, enjoyed a strong increase. As a result, consumption reached the peak level of $X, and then declined remarkably in the following year.

Production of Pneumatic Linear Acting Actuators in Slovakia

In value terms, pneumatic linear acting actuator production contracted markedly to $X in 2023 estimated in export price. In general, production faced a sharp decline. Over the period under review, production hit record highs at $X in 2022, and then declined significantly in the following year.

Exports of Pneumatic Linear Acting Actuators

Exports from Slovakia

In 2023, overseas shipments of pneumatic linear acting actuators decreased by X% to X units for the first time since 2011, thus ending a eleven-year rising trend. In general, exports, however, posted significant growth. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, the exports reached the peak of X units, and then contracted remarkably in the following year.

In value terms, pneumatic linear acting actuator exports reduced sharply to $X in 2023. Overall, exports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for pneumatic linear acting actuator exports from Slovakia, accounting for a X% share of total exports. Moreover, pneumatic linear acting actuator exports to Germany exceeded the volume sent to the second major destination, Romania (X units), sixfold. The Czech Republic (X units) ranked third in terms of total exports with a X% share.

From 2020 to 2023, the average annual rate of growth in terms of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and the Czech Republic (X% per year).

In value terms, the largest markets for pneumatic linear acting actuator exported from Slovakia were Romania ($X), Germany ($X) and Belgium ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Romania, with a CAGR of X%, recorded the highest growth rate of 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

In 2023, the average pneumatic linear acting actuator export price amounted to $X per unit, with an increase of X% against the previous year. Overall, export price indicated a buoyant increase from 2020 to 2023: its price increased at an average annual rate of X% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, pneumatic linear acting actuator export price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, the average export prices attained the maximum in 2023 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2020 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced a decline.

Imports of Pneumatic Linear Acting Actuators

Imports into Slovakia

In 2023, imports of pneumatic linear acting actuators into Slovakia shrank significantly to X units, falling by X% compared with the year before. Overall, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, pneumatic linear acting actuator imports amounted to $X in 2023. In general, imports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2023, imports remained at a lower figure.

Imports by Country

Germany (X units), the Czech Republic (X units) and Italy (X units) were the main suppliers of pneumatic linear acting actuator imports to Slovakia, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of pneumatic linear acting actuators to Slovakia, comprising X% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total imports. It was followed by Austria, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Austria (X% per year).

Import Prices by Country

In 2023, the average pneumatic linear acting actuator import price amounted to $X per unit, increasing by X% against the previous year. Overall, import price indicated notable growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, pneumatic linear acting actuator import price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform