Slovenia: Market for Steering Wheels, Steering Columns And Steering Boxes 2024

Market Size for Steering Wheels, Steering Columns And Steering Boxes in Slovenia

The Slovene steering wheels and columns market shrank sharply to $X in 2022, reducing by -75% against the previous year. Overall, consumption faced a abrupt curtailment. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Steering Wheels, Steering Columns And Steering Boxes in Slovenia

In value terms, steering wheels and columns production declined modestly to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 14% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Steering Wheels, Steering Columns And Steering Boxes

Exports from Slovenia

In 2022, approx. X tons of steering wheels, steering columns and steering boxes were exported from Slovenia; dropping by -4.2% on the previous year. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by 11% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, steering wheels and columns exports fell to $X in 2022. The total export value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 17%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons), France (X tons) and Slovakia (X tons) were the main destinations of steering wheels and columns exports from Slovenia, together comprising 56% of total exports. Poland, Spain, the United States, the Czech Republic and Hungary lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +30.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Poland ($X) appeared to be the largest markets for steering wheels and columns exported from Slovenia worldwide, together comprising 54% of total exports. Hungary, the United States, Slovakia, Spain and the Czech Republic lagged somewhat behind, together comprising a further 33%.

In terms of the main countries of destination, Spain, with a CAGR of +27.4%, recorded the highest growth rate of the value of exports, 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 steering wheels and columns export price amounted to $X per ton, shrinking by -5.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 13%. The export price peaked at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Slovakia ($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 Germany (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Steering Wheels, Steering Columns And Steering Boxes

Imports into Slovenia

Steering wheels and columns imports into Slovenia dropped sharply to X tons in 2022, waning by -35.7% on 2021. In general, imports showed a mild contraction. The pace of growth was the most pronounced in 2018 with an increase of 22%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, steering wheels and columns imports dropped sharply to $X in 2022. Overall, imports recorded a noticeable reduction. The growth pace was the most rapid in 2017 with an increase of 31% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Croatia (X tons) constituted the largest supplier of steering wheels and columns to Slovenia, accounting for a 67% share of total imports. Moreover, steering wheels and columns imports from Croatia exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), fivefold. The third position in this ranking was taken by France (X tons), with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Croatia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+89.4% per year) and France (-19.7% per year).

In value terms, the largest steering wheels and columns suppliers to Slovenia were Croatia ($X), the Czech Republic ($X) and Hungary ($X), together accounting for 71% of total imports. Romania, France and North Macedonia lagged somewhat behind, together accounting for a further 18%.

North Macedonia, with a CAGR of +269.2%, saw the highest growth rate of 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 steering wheels and columns import price stood at $X per ton in 2022, shrinking by -9.3% against the previous year. Overall, the import price recorded a slight curtailment. The growth pace was the most rapid in 2017 an increase of 20% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Romania ($X per ton), while the price for Croatia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform