Slovenia: Machinery Electrical Parts Market 2024

Machinery Electrical Parts Market Size in Slovenia

The Slovene machinery electrical parts market dropped slightly to $X in 2022, falling by -3% against the previous year. In general, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 +6.6% against 2020 indices. Machinery electrical parts consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Machinery Electrical Parts Production in Slovenia

In value terms, machinery electrical parts production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 56%. Machinery electrical parts production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Machinery Electrical Parts Exports

Exports from Slovenia

After two years of growth, shipments abroad of electrical parts of machinery or apparatus decreased by -3.3% to X tons in 2022. Over the period under review, exports recorded a noticeable decline. The pace of growth was the most pronounced in 2014 with an increase of 107% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, machinery electrical parts exports contracted to $X in 2022. In general, exports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 144%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons), Serbia (X tons) and the Netherlands (X tons) were the main destinations of machinery electrical parts exports from Slovenia, with a combined 36% share of total exports. The United States, Italy, Germany, Belgium, Slovakia, China, Poland, France, Austria and Switzerland lagged somewhat behind, together accounting for a further 51%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +144.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machinery electrical parts exported from Slovenia were Poland ($X), the Netherlands ($X) and Germany ($X), together accounting for 47% of total exports. The Czech Republic, Slovakia, Italy, Belgium, Serbia, China, Austria, France, the United States and Switzerland lagged somewhat behind, together comprising a further 36%.

Among the main countries of destination, Slovakia, with a CAGR of +85.6%, 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 machinery electrical parts export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price saw a resilient expansion. The most prominent rate of growth was recorded in 2017 an increase of 271% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+47.0%), while the prices for the other major destinations experienced more modest paces of growth.

Machinery Electrical Parts Imports

Imports into Slovenia

In 2022, approx. X tons of electrical parts of machinery or apparatus were imported into Slovenia; with a decrease of -10% on the year before. Over the period under review, imports, however, saw buoyant growth. The growth pace was the most rapid in 2015 with an increase of 180%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, machinery electrical parts imports shrank to $X in 2022. Overall, total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +20.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 41% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest machinery electrical parts supplier to Slovenia, accounting for a 54% share of total imports. Moreover, machinery electrical parts imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), twofold. Germany (X tons) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +29.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+70.7% per year) and Germany (-3.3% per year).

In value terms, the largest machinery electrical parts suppliers to Slovenia were China ($X), Taiwan (Chinese) ($X) and Germany ($X), together accounting for 71% of total imports.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +56.2%, saw the highest rates of growth with regard to 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

The average machinery electrical parts import price stood at $X per ton in 2022, with a decrease of -4.9% against the previous year. Overall, the import price showed a pronounced curtailment. The most prominent rate of growth was recorded in 2016 an increase of 62%. The import price peaked at $X per ton in 2014; however, from 2015 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform