Slovenia: Vulcanised Rubber Seal Market 2024

Vulcanised Rubber Seal Market Size in Slovenia

The Slovene vulcanised rubber seal market rose remarkably to $X in 2022, growing by 9.9% against the previous year. Overall, consumption enjoyed a buoyant expansion. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Vulcanised Rubber Seal Production in Slovenia

In value terms, vulcanised rubber seal production surged to $X in 2022 estimated in export price. Over the period under review, production, however, saw a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 109% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Vulcanised Rubber Seal Exports

Exports from Slovenia

In 2022, the amount of seals of vulcanised rubber exported from Slovenia shrank significantly to X tons, declining by -37.1% on the previous year's figure. In general, total exports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when exports increased by 28%. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank markedly in the following year.

In value terms, vulcanised rubber seal exports shrank remarkably to $X in 2022. Overall, total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 24%. As a result, the exports attained the peak of $X, and then reduced notably in the following year.

Exports by Country

Germany (X tons) was the main destination for vulcanised rubber seal exports from Slovenia, accounting for a 45% share of total exports. Moreover, vulcanised rubber seal exports to Germany exceeded the volume sent to the second major destination, Austria (X tons), fourfold. The Czech Republic (X tons) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-8.4% per year) and the Czech Republic (-0.7% per year).

In value terms, Germany ($X) remains the key foreign market for seals of vulcanised rubber exports from Slovenia, comprising 46% of total exports. The second position in the ranking was held by Austria ($X), with a 9.6% share of total exports. It was followed by the Czech Republic, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-5.5% per year) and the Czech Republic (+0.8% per year).

Export Prices by Country

In 2022, the average vulcanised rubber seal export price amounted to $X per ton, rising by 8.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 16%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Denmark ($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 Romania (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Seal Imports

Imports into Slovenia

In 2022, supplies from abroad of seals of vulcanised rubber decreased by -34.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 43% against the previous year. As a result, imports attained the peak of X tons, and then shrank notably in the following year.

In value terms, vulcanised rubber seal imports dropped significantly to $X in 2022. In general, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 47% against the previous year. As a result, imports attained the peak of $X, and then declined markedly in the following year.

Imports by Country

Serbia (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of vulcanised rubber seal imports to Slovenia, with a combined 65% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of +69.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Serbia ($X) were the largest vulcanised rubber seal suppliers to Slovenia, together comprising 57% of total imports.

Serbia, with a CAGR of +51.2%, saw the highest rates of growth with regard to 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

The average vulcanised rubber seal import price stood at $X per ton in 2022, surging by 13% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 15%. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform