Slovenia: Steel Spring Market 2020

Steel Spring Market Size in Slovenia

The revenue of the steel spring market in Slovenia amounted to $X in 2018, increasing by X% against the previous year. Over the period under review, steel spring consumption continues to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2011 when the market value increased by X% against the previous year. Over the period under review, the steel spring market reached its maximum level at $X in 2013; however, from 2014 to 2018, consumption stood at a somewhat lower figure.

Steel Spring Production in Slovenia

In value terms, steel spring production stood at $X in 2018 estimated in export prices. In general, steel spring production, however, continues to indicate an abrupt shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. In that year, steel spring production attained its peak level of $X. From 2014 to 2018, steel spring production growth failed to regain its momentum.

Steel Spring Exports

Exports from Slovenia

In 2018, the exports of steel springs and leaves for springs from Slovenia amounted to X tons, reducing by -X% against the previous year. Over the period under review, steel spring exports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Slovenia exports peaked at X tons in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, steel spring exports totaled $X in 2018. In general, steel spring exports continue to indicate an abrupt reduction. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. Slovenia exports peaked at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

The exports of the four major exporters of steel springs and leaves for springs, namely Mexico, Germany, China and the U.S., represented more than half of total export. The following exporters - Turkey (X tons), the Czech Republic (X tons), Canada (X tons), Spain (X tons), Poland (X tons), Italy (X tons), France (X tons) and Japan (X tons) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Poland, while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest steel spring supplier from Slovenia, comprising X% of global exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global exports. It was followed by Mexico, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Germany totaled +X%. In the other countries, the average annual rates were as follows: the U.S. (+X% per year) and Mexico (+X% per year).

Export Prices by Country

In 2018, the steel spring export price in Slovenia amounted to $X per ton, jumping by X% against the previous year. Overall, the steel spring export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 when the export price increased by X% year-to-year. In that year, the export prices for steel springs and leaves for springs reached their peak level and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced more modest paces of growth.

Steel Spring Imports

Imports into Slovenia

In 2018, approx. X tons of steel springs and leaves for springs were imported into Slovenia; jumping by X% against the previous year. In general, steel spring imports, however, continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Slovenia imports peaked at X tons in 2008; however, from 2009 to 2018, imports remained at a lower figure.

In value terms, steel spring imports stood at $X in 2018. Over the period under review, steel spring imports, however, continue to indicate a slight slump. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Slovenia imports peaked at $X in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Germany (X tons), Mexico (X tons), China (X tons) and the UK (X tons) represented the major importers of steel springs and leaves for springs, together creating X% of total imports. Canada (X tons), Poland (X tons), France (X tons), Russia (X tons), the Czech Republic (X tons), the Netherlands (X tons) and Belgium (X tons) held a little share of total imports.

Imports into the U.S. decreased at an average annual rate of -X% from 2007 to 2018. At the same time, China (+X%), Russia (+X%), the Czech Republic (+X%), Poland (+X%), the UK (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Mexico and Belgium experienced a relatively flat trend pattern. By contrast, Germany (-X%), France (-X%) and Canada (-X%) illustrated a downward trend over the same period. China (+X p.p.) and the UK (+X p.p.) significantly strengthened its position in terms of the global imports, while Canada and the U.S. saw its share reduced by -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X), China ($X) and Germany ($X) were the countries with the highest levels of imports in 2018, together comprising X% of total imports.

In terms of the main importing countries, China experienced the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the steel spring import price in Slovenia amounted to $X per ton, falling by -X% against the previous year. Overall, the steel spring import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the import price increased by X% y-o-y. Slovenia import price peaked at $X per ton in 2013; however, from 2014 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per ton), while the UK ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Canada, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform