Slovenia: Market for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters 2024

Market Size for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in Slovenia

In 2022, the Slovene electric oven and cooker market increased by 597% to $X, rising for the second consecutive year after six years of decline. Over the period under review, consumption showed significant growth. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in Slovenia

In value terms, electric oven and cooker production stood at $X in 2022 estimated in export price. Over the period under review, production, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 444% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Exports from Slovenia

After ten years of growth, shipments abroad of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters decreased by -42.1% to X units in 2022. Over the period under review, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 96%. The exports peaked at X units in 2021, and then fell remarkably in the following year.

In value terms, electric oven and cooker exports fell to $X in 2022. The total export value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 27%. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

Germany (X units) was the main destination for electric oven and cooker exports from Slovenia, accounting for a 45% share of total exports. Moreover, electric oven and cooker exports to Germany exceeded the volume sent to the second major destination, Poland (X units), fourfold. The third position in this ranking was taken by Russia (X units), with a 9.2% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +22.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+31.9% per year) and Russia (+8.6% per year).

In value terms, Russia ($X) emerged as the key foreign market for electric ovens, cookers, cooking plates, boiling rings, grillers and roasters exports from Slovenia, comprising 20% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 9.7% share of total exports. It was followed by Germany, with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia totaled +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+9.5% per year) and Germany (-2.6% per year).

Export Prices by Country

In 2022, the average electric oven and cooker export price amounted to $X per unit, picking up by 58% against the previous year. Over the period under review, the export price, however, showed a abrupt downturn. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Germany ($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 the Netherlands (+1.7%), while the prices for the other major destinations experienced a decline.

Imports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Imports into Slovenia

In 2022, overseas purchases of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters decreased by -6.2% to X units for the first time since 2014, thus ending a seven-year rising trend. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.3% 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 +84.3% against 2012 indices. The most prominent rate of growth was recorded in 2018 with an increase of 16%. Imports peaked at X units in 2021, and then shrank in the following year.

In value terms, electric oven and cooker imports shrank slightly to $X in 2022. Overall, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 +93.4% against 2015 indices. The pace of growth was the most pronounced in 2021 with an increase of 26% against the previous year. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electric oven and cooker to Slovenia, with a 44% share of total imports. Moreover, electric oven and cooker imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), threefold. Turkey (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+17.3% per year) and Turkey (+1.2% per year).

In value terms, Spain ($X), Germany ($X) and China ($X) appeared to be the largest electric oven and cooker suppliers to Slovenia, with a combined 58% share of total imports. Turkey, Italy, Croatia and the Czech Republic lagged somewhat behind, together comprising a further 29%.

Among the main suppliers, Croatia, with a CAGR of +30.7%, recorded the highest growth rate of 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 electric oven and cooker import price amounted to $X per unit, surging by 6% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 11%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform