Slovenia: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Slovenia

The Slovene grinding and sharpening machine market reduced rapidly to $X in 2022, declining by -37.9% against the previous year. Overall, consumption, however, enjoyed resilient growth. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Grinding And Sharpening Metal Finishing Machines in Slovenia

In value terms, grinding and sharpening machine production reached $X in 2022 estimated in export price. Overall, production saw a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 116% against the previous year. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports from Slovenia

Grinding and sharpening machine exports from Slovenia shrank sharply to X units in 2022, which is down by -45.6% against 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 378%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, grinding and sharpening machine exports declined remarkably to $X in 2022. Overall, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2020 with an increase of 174% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Bulgaria (X units) was the main destination for grinding and sharpening machine exports from Slovenia, accounting for a 60% share of total exports. Moreover, grinding and sharpening machine exports to Bulgaria exceeded the volume sent to the second major destination, Croatia (X units), threefold. Serbia (X units) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bulgaria amounted to +82.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+11.7% per year) and Serbia (+27.6% per year).

In value terms, Croatia ($X) remains the key foreign market for grinding and sharpening metal finishing machines exports from Slovenia, comprising 24% of total exports. The second position in the ranking was held by Bulgaria ($X), with a 10% share of total exports. It was followed by Serbia, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Croatia totaled +13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+1.7% per year) and Serbia (+28.7% per year).

Export Prices by Country

In 2022, the average grinding and sharpening machine export price amounted to $X per unit, increasing by 5.1% against the previous year. In general, the export price, however, showed a abrupt setback. The growth pace was the most rapid in 2019 when the average export price increased by 98%. 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 Bosnia and Herzegovina ($X per unit), while the average price for exports to Bulgaria ($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 Austria (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports into Slovenia

Grinding and sharpening machine imports into Slovenia declined dramatically to X units in 2022, reducing by -49% compared with the year before. Over the period under review, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 339%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, grinding and sharpening machine imports dropped markedly to $X in 2022. Overall, imports saw a noticeable curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 59% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and Croatia (X units) were the main suppliers of grinding and sharpening machine imports to Slovenia, together accounting for 90% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Croatia (with a CAGR of +105.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of grinding and sharpening metal finishing machines to Slovenia, comprising 38% of total imports. The second position in the ranking was held by China ($X), with a 9.6% share of total imports. It was followed by Croatia, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at -8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.1% per year) and Croatia (+4.0% per year).

Import Prices by Country

In 2022, the average grinding and sharpening machine import price amounted to $X per unit, picking up by 64% against the previous year. In general, the import price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 255% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 Austria (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform