Slovenia: Relay Market 2024

Relay Market Size in Slovenia

After three years of growth, the Slovene relay market decreased by -31.7% to $X in 2022. In general, consumption saw a mild shrinkage. Over the period under review, the market hit record highs at $X in 2021, and then shrank markedly in the following year.

Relay Production in Slovenia

In value terms, relay production rose markedly to $X in 2022 estimated in export price. In general, production recorded a perceptible reduction. The most prominent rate of growth was recorded in 2018 with an increase of 44%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Relay Exports

Exports from Slovenia

In 2022, overseas shipments of relays increased by 13% to X units, rising for the second year in a row after two years of decline. In general, exports recorded a prominent expansion. The growth pace was the most rapid in 2021 when exports increased by 38% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, relay exports soared to $X in 2022. Overall, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 33% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Italy (X units), the Czech Republic (X units) and Germany (X units) were the main destinations of relay exports from Slovenia, together comprising 65% of total exports. The UK, Ukraine, Serbia, Poland and Romania lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +48.6%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the Czech Republic ($X) and Germany ($X) were the largest markets for relay exported from Slovenia worldwide, with a combined 49% share of total exports. Ukraine, Serbia, the UK, Poland and Romania lagged somewhat behind, together accounting for a further 21%.

Romania, with a CAGR of +33.1%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the average relay export price amounted to $X per unit, picking up by 2.9% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 23%. Over the period under review, the average export prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per unit), while the average price for exports to Germany ($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 Serbia (+7.3%), while the prices for the other major destinations experienced mixed trend patterns.

Relay Imports

Imports into Slovenia

Relay imports into Slovenia amounted to X units in 2022, rising by 3.2% on the year before. Over the period under review, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 55% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, relay imports contracted to $X in 2022. Overall, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 38%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

China (X units), Tunisia (X units) and Italy (X units) were the main suppliers of relay imports to Slovenia, with a combined 58% share of total imports. Thailand, France, Germany, South Korea, Austria, Spain, Brazil, Romania, the Czech Republic and Portugal lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +61.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Tunisia ($X), China ($X) and Italy ($X) constituted the largest relay suppliers to Slovenia, with a combined 49% share of total imports. Germany, Austria, the Czech Republic, Thailand, France, Brazil, South Korea, Romania, Spain and Portugal lagged somewhat behind, together accounting for a further 35%.

Among the main suppliers, Thailand, with a CAGR of +42.1%, saw the highest growth rate of 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 relay import price stood at $X per unit in 2022, shrinking by -8.6% against the previous year. Overall, the import price showed a slight reduction. The pace of growth appeared the most rapid in 2020 when the average import price increased by 32%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, 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 the Czech Republic ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform