Slovenia: Machine-Tool For Drilling Market 2024

Machine-Tool For Drilling Market Size in Slovenia

In 2022, the Slovene machine-tool for drilling market increased by 4.4% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, recorded a notable increase. Machine-tool for drilling consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Machine-Tool For Drilling Production in Slovenia

In value terms, machine-tool for drilling production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production enjoyed a significant expansion. Machine-tool for drilling production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Machine-Tool For Drilling Exports

Exports from Slovenia

In 2022, exports of machine-tools for drilling, boring or milling metal from Slovenia contracted rapidly to X units, which is down by -16.6% on 2021 figures. In general, exports saw a deep reduction. The pace of growth appeared the most rapid in 2018 with an increase of 77%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, machine-tool for drilling exports fell sharply to $X in 2022. Overall, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of 127%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for machine-tool for drilling exports from Slovenia, with a 56% share of total exports. Moreover, machine-tool for drilling exports to Germany exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X units), fivefold. The third position in this ranking was held by Croatia (X units), with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+3.0% per year) and Croatia (-6.5% per year).

In value terms, Germany ($X) remains the key foreign market for machine-tools for drilling, boring or milling metal exports from Slovenia, comprising 67% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with an 11% share of total exports. It was followed by Croatia, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+25.3% per year) and Croatia (-6.3% per year).

Export Prices by Country

The average machine-tool for drilling export price stood at $X per unit in 2022, which is down by -46.8% against the previous year. In general, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2015 an increase of 61%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($X per unit), while the average price for exports to Jordan ($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 Bosnia and Herzegovina (+21.7%), while the prices for the other major destinations experienced more modest paces of growth.

Machine-Tool For Drilling Imports

Imports into Slovenia

Machine-tool for drilling imports into Slovenia shrank sharply to X units in 2022, which is down by -34.1% compared with 2021. Overall, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 79%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, machine-tool for drilling imports declined slightly to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 102% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and Italy (X units) were the main suppliers of machine-tool for drilling imports to Slovenia, together comprising 80% of total imports. Austria, Poland, France, Croatia and Taiwan (Chinese) lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Croatia (with a CAGR of +28.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of machine-tools for drilling, boring or milling metal to Slovenia, comprising 52% of total imports. The second position in the ranking was taken by Italy ($X), with a 12% share of total imports. It was followed by China, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-8.1% per year) and China (+5.8% per year).

Import Prices by Country

The average machine-tool for drilling import price stood at $X per unit in 2022, rising by 48% against the previous year. Over the period under review, the import price showed measured growth. The pace of growth appeared the most rapid in 2016 when the average import price increased by 80%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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 Croatia ($X per unit), while the price for Austria ($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 (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform