Slovenia: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in Slovenia

The Slovene market for vacuum pumps and air or gas compressors soared to $X in 2022, with an increase of 15% against the previous year. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +69.1% against 2018 indices. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Production of Vacuum Pumps and Air or Gas Compressors in Slovenia

In value terms, production of vacuum pumps and air or gas compressors shrank to $X in 2022 estimated in export price. In general, production recorded a abrupt decline. The pace of growth appeared the most rapid in 2019 with an increase of 455% against the previous year. Over the period under review, production of reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Slovenia

In 2022, overseas shipments of vacuum pumps and air or gas compressors decreased by -57.1% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2017 when exports increased by 34% against the previous year. Over the period under review, the exports of hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of vacuum pumps and air or gas compressors fell rapidly to $X in 2022. Over the period under review, exports faced a drastic downturn. The growth pace was the most rapid in 2021 when exports increased by 24% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Switzerland (X units), Croatia (X units) and Austria (X units) were the main destinations of exports of vacuum pumps and air or gas compressors from Slovenia, with a combined 51% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +95.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Croatia ($X) emerged as the key foreign market for vacuum pumps and air or gas compressors exports from Slovenia, comprising 20% of total exports. The second position in the ranking was held by Austria ($X), with an 8.3% share of total exports. It was followed by the Czech Republic, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Croatia totaled +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-24.4% per year) and the Czech Republic (+1.0% per year).

Export Prices by Country

The average export price for vacuum pumps and air or gas compressors stood at $X per unit in 2022, picking up by 42% against the previous year. Overall, the export price recorded a prominent increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 53%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+20.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports into Slovenia

In 2022, overseas purchases of vacuum pumps and air or gas compressors decreased by -24.5% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports showed a noticeable decrease. The growth pace was the most rapid in 2014 when imports increased by 28% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of vacuum pumps and air or gas compressors reduced to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 19% against the previous year. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

China (X units), Germany (X units) and Italy (X units) were the main suppliers of imports of vacuum pumps and air or gas compressors to Slovenia, with a combined 78% share of total imports. The Czech Republic, Taiwan (Chinese), Spain, Slovakia, Brazil and Austria lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +61.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vacuum pump and air or gas compressor suppliers to Slovenia were Italy ($X), China ($X) and Germany ($X), together comprising 59% of total imports. The Czech Republic, Spain, Slovakia, Austria, Taiwan (Chinese) and Brazil lagged somewhat behind, together comprising a further 13%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +23.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for vacuum pumps and air or gas compressors stood at $X per unit in 2022, rising by 18% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2013 an increase of 51%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform