Slovenia: Market for Iron or Steel Leaf-Springs and Leaves 2024

Market Size for Iron or Steel Leaf-Springs and Leaves in Slovenia

The Slovene iron or steel leaf-spring market reached $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption, however, showed a pronounced descent. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Iron or Steel Leaf-Springs and Leaves in Slovenia

In value terms, iron or steel leaf-spring production reduced slightly to $X in 2022 estimated in export price. In general, production recorded a abrupt shrinkage. The growth pace was the most rapid in 2018 when the production volume increased by 21% against the previous year. Iron or steel leaf-spring production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports from Slovenia

In 2022, the amount of iron or steel leaf-springs and leaves exported from Slovenia fell significantly to X tons, shrinking by -30.7% on the year before. In general, exports showed a precipitous decline. The growth pace was the most rapid in 2016 with an increase of 53%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, iron or steel leaf-spring exports shrank to $X in 2022. Overall, exports showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 106% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Slovakia (X tons) was the main destination for iron or steel leaf-spring exports from Slovenia, with a 50% share of total exports. Moreover, iron or steel leaf-spring exports to Slovakia exceeded the volume sent to the second major destination, Austria (X tons), threefold. The third position in this ranking was taken by Poland (X tons), with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume to Slovakia totaled +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-35.2% per year) and Poland (+137.0% per year).

In value terms, Slovakia ($X), Germany ($X) and Austria ($X) were the largest markets for iron or steel leaf-spring exported from Slovenia worldwide, together accounting for 88% of total exports. Croatia, Poland, Bosnia and Herzegovina, Hungary, the United Arab Emirates and Romania lagged somewhat behind, together comprising a further 4.5%.

Poland, with a CAGR of +158.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average iron or steel leaf-spring export price stood at $X per ton in 2022, rising by 42% against the previous year. In general, the export price posted significant growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by 423%. The export price peaked in 2022 and is expected to retain growth in years to come.

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 Germany ($X per ton), while the average price for exports to Poland ($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 Germany (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Leaf-Springs and Leaves

Imports into Slovenia

In 2022, purchases abroad of iron or steel leaf-springs and leaves decreased by -1.1% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, total imports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.2% 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 +44.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year. As a result, imports reached the peak of X tons, and then dropped slightly in the following year.

In value terms, iron or steel leaf-spring imports fell remarkably to $X in 2022. Overall, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% 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 +44.8% against 2016 indices. The growth pace was the most rapid in 2021 when imports increased by 40% against the previous year. As a result, imports reached the peak of $X, and then shrank rapidly in the following year.

Imports by Country

Germany (X tons), Italy (X tons) and Croatia (X tons) were the main suppliers of iron or steel leaf-spring imports to Slovenia, with a combined 80% share of total imports. Austria, Sweden, Poland, Turkey, Belgium and Serbia lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +84.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel leaf-spring suppliers to Slovenia were Germany ($X), Italy ($X) and Austria ($X), together accounting for 71% of total imports. Croatia, Sweden, Poland, Turkey, Belgium and Serbia lagged somewhat behind, together comprising a further 20%.

In terms of the main suppliers, Turkey, with a CAGR of +64.9%, 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 iron or steel leaf-spring import price stood at $X per ton in 2022, dropping by -16.2% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 19% against the previous year. The import price peaked at $X per ton in 2021, and then plummeted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform