Slovenia: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in Slovenia

The Slovene industrial sewing machine market soared to $X in 2022, with an increase of 21% against the previous year. Over the period under review, consumption showed a deep reduction. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Industrial Sewing Machine Production in Slovenia

In value terms, industrial sewing machine production skyrocketed to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt downturn. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Industrial Sewing Machine Exports

Exports from Slovenia

In 2022, industrial sewing machine exports from Slovenia reduced to X units, waning by -13.6% on the previous year. Overall, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2015 when exports increased by 85%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, industrial sewing machine exports reduced to $X in 2022. In general, exports, however, saw a strong expansion. The growth pace was the most rapid in 2014 with an increase of 72%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Bosnia and Herzegovina (X units) was the main destination for industrial sewing machine exports from Slovenia, with a 56% share of total exports. Moreover, industrial sewing machine 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 rate of growth in terms of volume to Bosnia and Herzegovina stood at +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+72.9% per year) and Serbia (+4.3% per year).

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for industrial sewing machines exports from Slovenia, comprising 46% of total exports. The second position in the ranking was held by Croatia ($X), with a 17% share of total exports. It was followed by Serbia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bosnia and Herzegovina amounted to +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+11.4% per year) and Serbia (-0.3% per year).

Export Prices by Country

In 2022, the average industrial sewing machine export price amounted to $X per unit, flattening at the previous year. Over the period under review, the export price showed a noticeable decline. The pace of growth was the most pronounced in 2020 an increase of 85% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 Croatia (+5.8%), while the prices for the other major destinations experienced a decline.

Industrial Sewing Machine Imports

Imports into Slovenia

Industrial sewing machine imports into Slovenia dropped remarkably to X units in 2022, which is down by -23.2% against the year before. Overall, imports, however, showed measured growth. The pace of growth appeared the most rapid in 2014 when imports increased by 99%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, industrial sewing machine imports surged to $X in 2022. In general, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 114%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Poland (X units) and Germany (X units) were the main suppliers of industrial sewing machine imports to Slovenia, together accounting for 74% of total imports. Italy, the Czech Republic, the United States and Japan lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +51.8%), while purchases for the other leaders experienced more modest paces of growth.

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

The United States, with a CAGR of +43.2%, 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 machine import price stood at $X per unit in 2022, picking up by 88% against the previous year. In general, the import price showed prominent growth. The growth pace was the most rapid in 2020 when the average import price increased by 135% against the previous year. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 Poland (+8.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform