Slovenia: Tools For Bearing Market 2024

Tools For Bearing Market Size in Slovenia

The Slovene tools for bearing market dropped significantly to $X in 2022, falling by -16.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then fell sharply in the following year.

Tools For Bearing Exports

Exports from Slovenia

In 2022, exports of balls, needles and rollers for ball or roller bearings from Slovenia contracted to X tons, reducing by -11.7% on the year before. Over the period under review, exports saw a deep reduction. The growth pace was the most rapid in 2014 when exports increased by 51%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, tools for bearing exports reduced modestly to $X in 2022. Overall, exports, however, showed resilient growth. The pace of growth appeared the most rapid in 2020 when exports increased by 94% against the previous year. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Croatia (X tons), China (X tons) and Serbia (X tons) were the main destinations of tools for bearing exports from Slovenia, together comprising 83% of total exports. Poland, the Netherlands, Germany, Romania and Italy lagged somewhat behind, together comprising a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +62.5%), while the other leaders experienced more modest paces of growth.

In value terms, Croatia ($X) remains the key foreign market for balls, needles and rollers for ball or roller bearings exports from Slovenia, comprising 57% of total exports. The second position in the ranking was taken by Serbia ($X), with an 11% share of total exports. It was followed by China, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Croatia totaled +50.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+39.8% per year) and China (+20.0% per year).

Export Prices by Country

The average tools for bearing export price stood at $X per ton in 2022, growing by 9.3% against the previous year. Overall, the export price posted a strong expansion. The pace of growth was the most pronounced in 2020 an increase of 231%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to China ($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 Serbia (+21.4%), while the prices for the other major destinations experienced more modest paces of growth.

Tools For Bearing Imports

Imports into Slovenia

In 2022, imports of balls, needles and rollers for ball or roller bearings into Slovenia declined to X tons, waning by -11.2% compared with 2021 figures. In general, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +25.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, tools for bearing imports reduced dramatically to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 41% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of tools for bearing to Slovenia, with a 63% share of total imports. Moreover, tools for bearing imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. Poland (X tons) ranked third in terms of total imports with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+12.2% per year) and Poland (-17.3% per year).

In value terms, China ($X), Italy ($X) and Poland ($X) were the largest tools for bearing suppliers to Slovenia, with a combined 81% share of total imports.

In terms of the main suppliers, China, with a CAGR of +15.8%, recorded 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

In 2022, the average tools for bearing import price amounted to $X per ton, reducing by -8% against the previous year. Over the period under review, the import price saw a pronounced slump. The growth pace was the most rapid in 2018 an increase of 28%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+40.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform