Slovenia: Market for Industrial Sewing Machines (Non-Automatic) 2024

Market Size for Industrial Sewing Machines (Non-Automatic) in Slovenia

For the fourth consecutive year, the Slovene industrial sewing machines (non-automatic) market recorded decline in sales value, which decreased by -13% to $X in 2022. Over the period under review, consumption recorded a perceptible reduction. Industrial sewing machines (non-automatic) consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Industrial Sewing Machines (Non-Automatic) in Slovenia

In value terms, industrial sewing machines (non-automatic) production rose rapidly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 27% against the previous year. Industrial sewing machines (non-automatic) production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Slovenia

Industrial sewing machines (non-automatic) exports from Slovenia shrank to X units in 2022, waning by -5.1% against 2021 figures. In general, exports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2015 with an increase of 111%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, industrial sewing machines (non-automatic) exports skyrocketed to $X in 2022. Over the period under review, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 50% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Bosnia and Herzegovina (X units) was the main destination for industrial sewing machines (non-automatic) exports from Slovenia, accounting for a 55% share of total exports. Moreover, industrial sewing machines (non-automatic) exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Germany (X units), fourfold. Serbia (X units) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Bosnia and Herzegovina stood at +12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+72.7% per year) and Serbia (+6.7% per year).

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for industrial sewing machines (non-automatic) exports from Slovenia, comprising 46% of total exports. The second position in the ranking was held by Croatia ($X), with a 17% share of total exports. It was followed by Serbia, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bosnia and Herzegovina stood at +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+17.2% per year) and Serbia (+5.5% per year).

Export Prices by Country

The average industrial sewing machines (non-automatic) export price stood at $X per unit in 2022, rising by 23% against the previous year. Over the period under review, the export price, however, saw a perceptible curtailment. The growth pace was the most rapid in 2018 an increase of 65% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($X per unit), while the average price for exports to Italy ($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 North Macedonia (+6.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Slovenia

In 2022, approx. X units of industrial sewing machines (non-automatic) were imported into Slovenia; shrinking by -23.1% on 2021 figures. Overall, imports, however, saw a noticeable expansion. The pace of growth was the most pronounced in 2014 with an increase of 97% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, industrial sewing machines (non-automatic) imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2014 with an increase of 69% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Poland (X units) and Germany (X units) were the main suppliers of industrial sewing machines (non-automatic) imports to Slovenia, together comprising 76% of total imports. Italy, the Czech Republic, the United States and Japan lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +59.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial sewing machines (non-automatic) suppliers to Slovenia were Italy ($X), Poland ($X) and Germany ($X), with a combined 78% share of total imports. The Czech Republic, the United States, China and Japan lagged somewhat behind, together comprising a further 20%.

The United States, with a CAGR of +85.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average industrial sewing machines (non-automatic) import price stood at $X per unit in 2022, jumping by 97% against the previous year. Over the period under review, the import price posted resilient growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 the Czech Republic ($X per unit), while the price for China ($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 (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform