Slovenia: Ride-On Compaction Equipment Market 2024

Ride-On Compaction Equipment Market Size in Slovenia

After three years of decline, the Slovene ride-on compaction equipment market increased by 131% to $X in 2022. In general, consumption recorded prominent growth. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Ride-On Compaction Equipment Production in Slovenia

In value terms, ride-on compaction equipment production shrank markedly to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 155% against the previous year. Ride-on compaction equipment production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Ride-On Compaction Equipment Exports

Exports from Slovenia

In 2022, after seven years of growth, there was significant decline in overseas shipments of ride-on compaction equipment, when their volume decreased by -67.2% to X units. Over the period under review, exports, however, showed a pronounced increase. The pace of growth was the most pronounced in 2016 when exports increased by 86% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2021, and then reduced remarkably in the following year.

In value terms, ride-on compaction equipment exports declined sharply to $X in 2022. Overall, exports saw a mild descent. The most prominent rate of growth was recorded in 2016 with an increase of 94% against the previous year. The exports peaked at $X in 2021, and then contracted significantly in the following year.

Exports by Country

Croatia (X units), Montenegro (X units) and Serbia (X units) were the main destinations of ride-on compaction equipment exports from Slovenia, together accounting for 73% 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 Montenegro (with a CAGR of +38.7%), while the other leaders experienced more modest paces of growth.

In value terms, Croatia ($X), Serbia ($X) and Romania ($X) appeared to be the largest markets for ride-on compaction equipment exported from Slovenia worldwide, together comprising 58% of total exports. Montenegro, the Netherlands, Hungary, Bosnia and Herzegovina and Austria lagged somewhat behind, together accounting for a further 35%.

Montenegro, with a CAGR of +32.1%, 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 ride-on compaction equipment export price amounted to $X per unit, with a decrease of -2.3% against the previous year. In general, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 64%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 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 the Netherlands ($X per unit), while the average price for exports to Austria ($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 the Netherlands (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Ride-On Compaction Equipment Imports

Imports into Slovenia

For the third year in a row, Slovenia recorded growth in supplies from abroad of ride-on compaction equipment, which increased by 22% to X units in 2022. In general, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 155% against the previous year. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, ride-on compaction equipment imports shrank notably to $X in 2022. Overall, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2018 with an increase of 89% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Germany (X units), Bulgaria (X units) and the UK (X units) were the main suppliers of ride-on compaction equipment imports to Slovenia, with a combined 72% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +55.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of ride-on compaction equipment to Slovenia, comprising 35% of total imports. The second position in the ranking was taken by the UK ($X), with a 15% share of total imports. It was followed by the Czech Republic, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+13.7% per year) and the Czech Republic (+31.2% per year).

Import Prices by Country

In 2022, the average ride-on compaction equipment import price amounted to $X per unit, falling by -35.3% against the previous year. Overall, the import price recorded a perceptible decrease. The growth pace was the most rapid in 2016 when the average import price increased by 55% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform