Slovenia: Bulldozer Market 2024

Bulldozer Market Size in Slovenia

The Slovene bulldozer market soared to $X in 2022, picking up by 37,954% against the previous year. Overall, consumption saw a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Bulldozer Production in Slovenia

In value terms, bulldozer production totaled less than $X in 2022 estimated in export price. Overall, production recorded a modest increase. The most prominent rate of growth was recorded in 2013 with a decrease of -20.3% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Bulldozer Exports

Exports from Slovenia

After two years of growth, shipments abroad of bulldozers and angle dozers decreased by -70.5% to X units in 2022. Over the period under review, exports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 130%. As a result, the exports reached the peak of X units, and then shrank rapidly in the following year.

In value terms, bulldozer exports declined dramatically to $X in 2022. Overall, exports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 101% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then fell markedly in the following year.

Exports by Country

Serbia (X units) was the main destination for bulldozer exports from Slovenia, with a 63% share of total exports. Moreover, bulldozer exports to Serbia exceeded the volume sent to the second major destination, Croatia (X units), sixfold. The third position in this ranking was held by Hungary (X units), with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Serbia amounted to +23.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+14.9% per year) and Hungary (+24.6% per year).

In value terms, Serbia ($X) remains the key foreign market for bulldozers and angle dozers exports from Slovenia, comprising 52% of total exports. The second position in the ranking was held by Croatia ($X), with a 17% share of total exports. It was followed by Montenegro, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Serbia stood at +20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+6.2% per year) and Montenegro (+37.5% per year).

Export Prices by Country

In 2022, the average bulldozer export price amounted to $X per unit, declining by -7.3% against the previous year. In general, the export price recorded a noticeable descent. The pace of growth was the most pronounced in 2016 when the average export price increased by 48%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per unit), while the average price for exports to the Netherlands ($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 Switzerland (+38.1%), while the prices for the other major destinations experienced more modest paces of growth.

Bulldozer Imports

Imports into Slovenia

In 2022, purchases abroad of bulldozers and angle dozers decreased by -34.9% to X units, falling for the second consecutive year after two years of growth. In general, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2013 when imports increased by 142% against the previous year. Over the period under review, imports reached the maximum at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, bulldozer imports declined notably to $X in 2022. Overall, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 271%. Over the period under review, imports reached the peak figure at $X in 2021, and then reduced remarkably in the following year.

Imports by Country

South Korea (X units), France (X units) and the Czech Republic (X units) were the main suppliers of bulldozer imports to Slovenia, with a combined 52% share of total imports. The United States, Turkey, Germany, the Netherlands and China lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +41.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of bulldozers and angle dozers to Slovenia, comprising 42% of total imports. The second position in the ranking was held by South Korea ($X), with a 19% share of total imports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from France stood at +22.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+38.4% per year) and the Netherlands (+25.9% per year).

Import Prices by Country

The average bulldozer import price stood at $X per unit in 2022, falling by -6.6% against the previous year. Overall, import price indicated prominent growth from 2012 to 2022: its price 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, bulldozer import price increased by +1.9% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of 53% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a 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 France ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform