Slovenia: Electrical Musical Instrument Market 2024

Electrical Musical Instrument Market Size in Slovenia

The Slovene electrical musical instrument market shrank to $X in 2022, falling by X% 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). Overall, the total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. Electrical musical instrument consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Electrical Musical Instrument Exports

Exports from Slovenia

In 2022, shipments abroad of electrical musical or keyboard instruments increased by X% to X units, rising for the fourth year in a row after two years of decline. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, electrical musical instrument exports totaled $X in 2022. Overall, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Croatia (X units), Israel (X units) and Bulgaria (X units) were the main destinations of electrical musical instrument exports from Slovenia, with a combined X% share of total exports. Serbia, Bosnia and Herzegovina, the Netherlands, Spain, the UK, Poland, the Czech Republic, North Macedonia, Greece and Finland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Croatia ($X), Israel ($X) and Bulgaria ($X) were the largest markets for electrical musical instrument exported from Slovenia worldwide, together comprising X% of total exports. Serbia, Bosnia and Herzegovina, the Netherlands, Spain, the UK, Poland, the Czech Republic, North Macedonia, Greece and Finland lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, the Netherlands, with a CAGR of X.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electrical musical instrument export price stood at $X per unit in 2022, dropping by X% against the previous year. Overall, the export price recorded a noticeable decline. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($X per unit), while the average price for exports to Finland ($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 Israel (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Musical Instrument Imports

Imports into Slovenia

In 2022, supplies from abroad of electrical musical or keyboard instruments increased by X% to X units, rising for the fourth year in a row after two years of decline. In general, imports posted a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, electrical musical instrument imports stood at $X in 2022. Overall, imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electrical musical instrument to Slovenia, accounting for a X% share of total imports. Moreover, electrical musical instrument imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was held by Austria (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Austria (X% per year).

In value terms, the largest electrical musical instrument suppliers to Slovenia were Germany ($X), China ($X) and Austria ($X), with a combined X% share of total imports. Indonesia, the Netherlands, Japan, the United States and South Korea lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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 electrical musical instrument import price amounted to $X per unit, falling by X% against the previous year. Over the period under review, the import price saw a noticeable reduction. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform