The electronic components market in Slovakia exhibited fluctuations from 2013 to 2023, peaking at 993.65 million Euros in 2018 and showing a market value of 966.82 million Euros in 2023. The market experienced significant year-on-year variations, particularly notable were the declines in 2014 and 2019, and growth periods in 2015 and 2020. Over the last five years, the compound annual growth rate was negative, indicating a slight overall market contraction. Year-on-year growth has slowed to just 0.85% by 2023.
Future trends to watch for in Slovakia's electronic components market include:
- Increased adoption of smart technologies potentially driving demand for specific components.
- Shifts in global supply chain dynamics influencing local market supply and prices.
- Emerging sustainability trends pressuring manufacturers to adopt eco-friendly practices.
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 16,180,000,000 | 2023 | -0.18% | -1.38% | View data |
| 2 | 2 Hungary | 5,453,600,000 | 2023 | +2.24% | +2.76% | View data |
| 3 | 3 Italy | 3,750,200,000 | 2023 | -2.6% | -2.66% | View data |
| 4 | 4 Poland | 3,666,900,000 | 2023 | +1.87% | +1.99% | View data |
| 5 | 5 Slovakia | 966,820,000 | 2023 | +0.85% | -0.55% |
