Slovenia: Market for Diesel Engines (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Slovenia

In 2022, the Slovene market for diesel engines (other than for motor vehicles and aircraft) increased by 6.3% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.4% 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 +160.1% against 2020 indices. Consumption of peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Exports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Exports from Slovenia

In 2022, overseas shipments of diesel engines (other than for motor vehicles and aircraft) decreased by -26.7% to X units, falling for the second consecutive year after three years of growth. In general, exports, however, showed a perceptible expansion. The growth pace was the most rapid in 2020 with an increase of 88% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) reduced markedly to $X in 2022. Over the period under review, exports saw a perceptible decrease. The pace of growth was the most pronounced in 2019 with an increase of 90% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Croatia (X units), Serbia (X units) and Turkey (X units) were the main destinations of exports of diesel engines (other than for motor vehicles and aircraft) from Slovenia, with a combined 85% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +28.1%), while the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), Croatia ($X) and Turkey ($X) appeared to be the largest markets for diesel engines (other than for motor vehicles and aircraft) exported from Slovenia worldwide, with a combined 91% share of total exports. Germany, Egypt, Belgium, the United Arab Emirates and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further 6.9%.

Among the main countries of destination, Germany, with a CAGR of +38.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for diesel engines (other than for motor vehicles and aircraft) amounted to $X per unit, picking up by 11% against the previous year. Over the period under review, the export price, however, saw a noticeable slump. The growth pace was the most rapid in 2019 when the average export price increased by 73%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per unit), while the average price for exports to Bosnia and Herzegovina ($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 Germany (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Imports into Slovenia

In 2022, imports of diesel engines (other than for motor vehicles and aircraft) into Slovenia fell to X units, which is down by -10.9% on the previous year. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. Over the period under review, imports of reached the maximum at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) amounted to $X in 2022. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its value 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 increased by +56.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Italy (X units) constituted the largest diesel engines (other than for motor vehicles and aircraft) supplier to Slovenia, accounting for a 35% share of total imports. Moreover, imports of diesel engines (other than for motor vehicles and aircraft) from Italy exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. The third position in this ranking was taken by Croatia (X units), with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy totaled -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+29.8% per year) and Croatia (+45.1% per year).

In value terms, the largest diesel engines (other than for motor vehicles and aircraft) suppliers to Slovenia were Croatia ($X), Italy ($X) and the United States ($X), with a combined 51% share of total imports.

Croatia, with a CAGR of +64.9%, recorded 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

In 2022, the average import price for diesel engines (other than for motor vehicles and aircraft) amounted to $X per unit, picking up by 14% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for diesel engines (other than for motor vehicles and aircraft) increased by +121.6% against 2015 indices. The most prominent rate of growth was recorded in 2016 an increase of 35% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Serbia ($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 (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform