Slovenia: Self-Propelled Boring Machinery Market 2024

Self-Propelled Boring Machinery Market Size in Slovenia

In 2022, the Slovene self-propelled boring machinery market was finally on the rise to reach $X after two years of decline. In general, consumption continues to indicate significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Self-Propelled Boring Machinery Production in Slovenia

In value terms, self-propelled boring machinery production shrank slightly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 18% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Self-Propelled Boring Machinery Exports

Exports from Slovenia

In 2022, shipments abroad of self-propelled boring or sinking machinery decreased by -85.7% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports saw a drastic downturn. The growth pace was the most rapid in 2019 when exports increased by 500%. The exports peaked at X units in 2021, and then reduced remarkably in the following year.

In value terms, self-propelled boring machinery exports plummeted to $X in 2022. Overall, exports faced a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 243% against the previous year. As a result, the exports attained the peak of $X, and then declined significantly in the following year.

Exports by Country

Serbia (X units), Albania (X units) and Tajikistan (X units) were the main destinations of self-propelled boring machinery exports from Slovenia. Moreover, self-propelled boring machinery exports in Serbia exceeded the figures recorded by the second-largest exporter, Albania, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Albania (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for self-propelled boring machinery exported from Slovenia were Serbia ($X), Albania ($X) and Tajikistan ($X).

Albania, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average self-propelled boring machinery export price amounted to $X per unit, dropping by -28.7% against the previous year. In general, the export price saw a abrupt decrease. The pace of growth appeared the most rapid in 2016 when the average export price increased by 162%. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Albania ($X per unit), while the average price for exports to Serbia ($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 Hungary (+50.3%), while the prices for the other major destinations experienced a decline.

Self-Propelled Boring Machinery Imports

Imports into Slovenia

In 2022, overseas purchases of self-propelled boring or sinking machinery decreased by -25% to X units, falling for the second consecutive year after four years of growth. Over the period under review, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 145% against the previous year. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, self-propelled boring machinery imports surged to $X in 2022. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 305% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

Italy (X units), Germany (X units) and Sweden (X units) were the main suppliers of self-propelled boring machinery imports to Slovenia, together accounting for 81% of total imports. Turkey, Poland and the UK lagged somewhat behind, together comprising a further 19%. Moreover, self-propelled boring machinery imports in Italy exceeded the figures recorded by the second-largest supplier, Germany, twofold.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +26.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Sweden ($X) were the largest self-propelled boring machinery suppliers to Slovenia, together comprising 93% of total imports.

Germany, with a CAGR of +136.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average self-propelled boring machinery import price amounted to $X per unit, surging by 82% against the previous year. In general, the import price showed a prominent expansion. The growth pace was the most rapid in 2017 an increase of 102%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+97.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform