Slovenia: Market for Lifts, Elevators, Moving Stairways and Draglines 2024

Market Size for Lifts, Elevators, Moving Stairways and Draglines in Slovenia

The Slovene market for lifts, elevators, moving stairways and draglines surged to $X in 2022, growing by 92% against the previous year. Overall, consumption recorded a tangible expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Lifts, Elevators, Moving Stairways and Draglines in Slovenia

In value terms, lift, elevator, stairway and dragline production soared to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by 93%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Lifts, Elevators, Moving Stairways and Draglines

Exports from Slovenia

In 2022, overseas shipments of lifts, elevators, moving stairways and draglines decreased by -18.6% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted a noticeable increase. The most prominent rate of growth was recorded in 2017 with an increase of 151%. Over the period under review, the exports attained the peak figure at X units in 2021, and then declined remarkably in the following year.

In value terms, lift, elevator, stairway and dragline exports fell dramatically to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 103% against the previous year. The exports peaked at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

Germany (X units), Austria (X units) and Albania (X units) were the main destinations of lift, elevator, stairway and dragline exports from Slovenia, together accounting for 60% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +42.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lift, elevator, stairway and dragline exported from Slovenia were Germany ($X), Austria ($X) and Albania ($X), with a combined 62% share of total exports.

Among the main countries of destination, Austria, with a CAGR of +46.4%, 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

The average export price for lifts, elevators, moving stairways and draglines stood at $X per unit in 2022, falling by -4.1% against the previous year. Over the period under review, the export price continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2018 an increase of 36%. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($X per unit) and Austria ($X per unit), while the average price for exports to the UK ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lifts, Elevators, Moving Stairways and Draglines

Imports into Slovenia

In 2022, the amount of lifts, elevators, moving stairways and draglines imported into Slovenia surged to X units, jumping by 41% against 2021. In general, imports recorded prominent growth. The pace of growth appeared the most rapid in 2019 with an increase of 71%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, lift, elevator, stairway and dragline imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2018 when imports increased by 65% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Slovakia (X units) constituted the largest lift, elevator, stairway and dragline supplier to Slovenia, accounting for a 50% share of total imports. Moreover, lift, elevator, stairway and dragline imports from Slovakia exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. Spain (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Slovakia amounted to +42.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+16.3% per year) and Spain (-3.2% per year).

In value terms, Slovakia ($X) constituted the largest supplier of lifts, elevators, moving stairways and draglines to Slovenia, comprising 47% of total imports. The second position in the ranking was taken by Italy ($X), with a 22% share of total imports. It was followed by Spain, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Slovakia totaled +34.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+9.3% per year) and Spain (-4.9% per year).

Import Prices by Country

In 2022, the average import price for lifts, elevators, moving stairways and draglines amounted to $X per unit, shrinking by -8.8% against the previous year. Over the period under review, the import price continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2016 when the average import price increased by 34% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform