Slovenia: Interchangeable Spanner Socket Market 2024

Interchangeable Spanner Socket Market Size in Slovenia

In 2022, the Slovene interchangeable spanner socket market increased by 38% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.9% 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 +71.9% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Interchangeable Spanner Socket Production in Slovenia

In value terms, interchangeable spanner socket production contracted to $X in 2022 estimated in export price. Overall, production saw a noticeable descent. The growth pace was the most rapid in 2019 when the production volume increased by 18%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Interchangeable Spanner Socket Exports

Exports from Slovenia

In 2022, approx. X tons of interchangeable spanner sockets were exported from Slovenia; dropping by -19.2% against the previous year. Overall, exports recorded a pronounced decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, interchangeable spanner socket exports dropped to $X in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 26% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Romania (X tons), Croatia (X tons) and Serbia (X tons) were the main destinations of interchangeable spanner socket exports from Slovenia, together comprising 38% of total exports. Italy, France, Russia, Greece, Austria, Saudi Arabia, Bosnia and Herzegovina, the Netherlands, the UK and Libya lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +12.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for interchangeable spanner socket exported from Slovenia were Romania ($X), Italy ($X) and Croatia ($X), together comprising 36% of total exports. Serbia, France, Russia, Greece, Bosnia and Herzegovina, the Netherlands, Saudi Arabia, Austria, the UK and Libya lagged somewhat behind, together comprising a further 39%.

Among the main countries of destination, Greece, with a CAGR of +14.2%, saw the highest rates of growth with regard to 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

In 2022, the average interchangeable spanner socket export price amounted to $X per ton, growing by 10% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 the Netherlands ($X per ton), while the average price for exports to Libya ($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 Bosnia and Herzegovina (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Interchangeable Spanner Socket Imports

Imports into Slovenia

In 2022, supplies from abroad of interchangeable spanner sockets increased by 38% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +9.6% 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 +89.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, interchangeable spanner socket imports expanded sharply to $X in 2022. In general, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +8.2% 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 +53.2% against 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 43%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Taiwan (Chinese) (X tons) constituted the largest interchangeable spanner socket supplier to Slovenia, with a 57% share of total imports. Moreover, interchangeable spanner socket imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Taiwan (Chinese) stood at +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+16.4% per year) and Germany (+3.1% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of interchangeable spanner sockets to Slovenia, comprising 52% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Taiwan (Chinese) amounted to +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.5% per year) and Germany (+3.8% per year).

Import Prices by Country

In 2022, the average interchangeable spanner socket import price amounted to $X per ton, reducing by -16.8% against the previous year. Over the period under review, the import price showed a slight shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 21%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat 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 Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform