Slovenia: Market for Industrial, Laboratory or Bakery Ovens 2024

Market Size for Industrial, Laboratory or Bakery Ovens in Slovenia

The Slovene market for industrial, laboratory or bakery ovens soared to $X in 2022, with an increase of 353% against the previous year. Over the period under review, consumption enjoyed a prominent increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Industrial, Laboratory or Bakery Ovens in Slovenia

In value terms, industrial, laboratory or bakery oven production stood at $X in 2022 estimated in export price. Overall, production showed a buoyant increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 57%. Industrial, laboratory or bakery oven production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Industrial, Laboratory or Bakery Ovens

Exports from Slovenia

In 2022, the amount of industrial, laboratory or bakery ovens exported from Slovenia shrank dramatically to X units, dropping by -25.3% against the previous year. Overall, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 91%. As a result, the exports reached the peak of X units, and then fell dramatically in the following year.

In value terms, industrial, laboratory or bakery oven exports reduced rapidly to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by 372%. Over the period under review, the exports hit record highs at $X in 2021, and then declined notably in the following year.

Exports by Country

Poland (X units) was the main destination for industrial, laboratory or bakery oven exports from Slovenia, accounting for a 73% share of total exports. Moreover, industrial, laboratory or bakery oven exports to Poland exceeded the volume sent to the second major destination, the United States (X units), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Poland amounted to +95.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+28.3% per year) and Germany (-10.5% per year).

In value terms, Poland ($X) remains the key foreign market for industrial, laboratory or bakery ovens exports from Slovenia, comprising 45% of total exports. The second position in the ranking was taken by Germany ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Poland stood at +72.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+9.7% per year) and the United States (+43.2% per year).

Export Prices by Country

The average export price for industrial, laboratory or bakery ovens stood at $X per unit in 2022, waning by -11.4% against the previous year. Overall, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 an increase of 415% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 Germany ($X per unit), while the average price for exports to the United States ($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 (+22.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Industrial, Laboratory or Bakery Ovens

Imports into Slovenia

In 2022, industrial, laboratory or bakery oven imports into Slovenia shrank remarkably to X units, dropping by -22.8% on 2021 figures. In general, imports, however, showed a noticeable increase. The most prominent rate of growth was recorded in 2018 when imports increased by 63% against the previous year. Over the period under review, imports attained the peak figure at X units in 2021, and then declined notably in the following year.

In value terms, industrial, laboratory or bakery oven imports reduced markedly to $X in 2022. Over the period under review, imports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 142%. As a result, imports reached the peak of $X, and then declined remarkably in the following year.

Imports by Country

Italy (X units), Germany (X units) and China (X units) were the main suppliers of industrial, laboratory or bakery oven imports to Slovenia, together accounting for 87% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +39.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of industrial, laboratory or bakery ovens to Slovenia, comprising 63% of total imports. The second position in the ranking was taken by Italy ($X), with a 23% share of total imports. It was followed by China, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.7% per year) and China (+48.2% per year).

Import Prices by Country

The average import price for industrial, laboratory or bakery ovens stood at $X per unit in 2022, which is down by -8.5% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial, laboratory or bakery oven import price increased by +72.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 51%. As a result, import price reached the peak level of $X per unit, and then shrank in the following year.

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 Germany ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform