Slovenia: Metal Wool Market 2024

Metal Wool Market Size in Slovenia

In 2022, the Slovene metal wool market increased by 39% to $X, rising for the second consecutive year after six years of decline. Over the period under review, consumption, however, saw a noticeable curtailment. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Metal Wool Exports

Exports from Slovenia

In 2022, metal wool exports from Slovenia fell markedly to X tons, which is down by -66.3% against 2021 figures. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 148% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal wool exports dropped markedly to $X in 2022. In general, exports recorded a perceptible slump. The pace of growth was the most pronounced in 2020 with an increase of 47% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Austria (X tons) was the main destination for metal wool exports from Slovenia, with a 43% share of total exports. Moreover, metal wool exports to Austria exceeded the volume sent to the second major destination, Greece (X tons), twofold. The third position in this ranking was taken by Serbia (X tons), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Austria totaled +72.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (0.0% per year) and Serbia (-3.7% per year).

In value terms, Austria ($X) remains the key foreign market for iron or steel wool exports from Slovenia, comprising 42% of total exports. The second position in the ranking was taken by Croatia ($X), with a 16% share of total exports. It was followed by Serbia, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Austria totaled +59.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+5.3% per year) and Serbia (-8.0% per year).

Export Prices by Country

The average metal wool export price stood at $X per ton in 2022, surging by 5.4% against the previous year. Over the period under review, the export price, however, recorded a perceptible slump. The pace of growth appeared the most rapid in 2013 when the average export price increased by 18%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Greece ($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 Croatia (+0.5%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Wool Imports

Imports into Slovenia

In 2022, imports of iron or steel wool into Slovenia fell significantly to X tons, with a decrease of -33.8% compared with the year before. In general, imports recorded a noticeable curtailment. The pace of growth was the most pronounced in 2014 when imports increased by 117%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, metal wool imports declined rapidly to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 202% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Italy (X tons), China (X tons) and Indonesia (X tons) were the main suppliers of metal wool imports to Slovenia, together comprising 81% of total imports. The Czech Republic, Germany, South Korea, Austria, Serbia and Croatia lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +99.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and Austria ($X) were the largest metal wool suppliers to Slovenia, together accounting for 71% of total imports. South Korea, Indonesia, Germany, the Czech Republic, Serbia and Croatia lagged somewhat behind, together accounting for a further 26%.

The Czech Republic, with a CAGR of +92.2%, saw 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

In 2022, the average metal wool import price amounted to $X per ton, growing by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.6%. The growth pace was the most rapid in 2014 when the average import price increased by 39% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Italy ($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 (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform