Slovenia: Market for Articles Of Iron Or Steel 2025

Market Size for Articles Of Iron Or Steel in Slovenia

The Slovene steel and iron articles market expanded slightly to $X in 2022, increasing by 2.7% against the previous year. Over the period under review, consumption, however, posted a temperate expansion. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Articles Of Iron Or Steel in Slovenia

In value terms, steel and iron articles production surged to $X in 2022 estimated in export price. Over the period under review, production continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by 37% against the previous year. Steel and iron articles production peaked in 2022 and is expected to retain growth in years to come.

Exports of Articles Of Iron Or Steel

Exports from Slovenia

In 2022, the amount of articles of iron or steel exported from Slovenia reduced to X tons, which is down by -6.7% against the previous year's figure. Over the period under review, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 39%. As a result, the exports attained the peak of X tons, and then reduced in the following year.

In value terms, steel and iron articles exports contracted to $X in 2022. In general, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 38% against the previous year. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

Austria (X tons), Germany (X tons) and Poland (X tons) were the main destinations of steel and iron articles exports from Slovenia, with a combined 65% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +44.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and Croatia ($X) appeared to be the largest markets for steel and iron articles exported from Slovenia worldwide, with a combined 67% share of total exports. Poland, France, Italy, Hungary, Bosnia and Herzegovina and Turkey lagged somewhat behind, together accounting for a further 19%.

Poland, with a CAGR of +45.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average steel and iron articles export price amounted to $X per ton, with an increase of 6.6% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Iron Or Steel

Imports into Slovenia

Steel and iron articles imports into Slovenia reduced markedly to X tons in 2022, shrinking by -15.8% on the previous year's figure. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by +1.0% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 30% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped markedly in the following year.

In value terms, steel and iron articles imports reduced to $X in 2022. Overall, imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 41%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

Germany (X tons), Italy (X tons) and Austria (X tons) were the main suppliers of steel and iron articles imports to Slovenia, with a combined 47% share of total imports. Bosnia and Herzegovina, Serbia, China, Croatia, Poland, Spain, Turkey, Slovakia, the Czech Republic and France lagged somewhat behind, together comprising a further 48%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +42.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest steel and iron articles suppliers to Slovenia were Germany ($X), Italy ($X) and Austria ($X), with a combined 51% share of total imports. China, Croatia, Spain, Bosnia and Herzegovina, Poland, Serbia, France, the Czech Republic, Turkey and Slovakia lagged somewhat behind, together accounting for a further 39%.

Turkey, with a CAGR of +36.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average steel and iron articles import price stood at $X per ton in 2022, rising by 5.4% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, steel and iron articles import price increased by +72.9% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of 27% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

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 France ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform