Slovenia: Suspension System Market 2025

Suspension System Market Size in Slovenia

In 2022, the Slovene suspension system market decreased by -8.9% to $X for the first time since 2019, thus ending a two-year rising trend. In general, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +19.3% against 2016 indices. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Suspension System Production in Slovenia

In value terms, suspension system production stood at $X in 2022 estimated in export price. Overall, production saw significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 1,711%. Suspension system production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Suspension System Exports

Exports from Slovenia

In 2022, shipments abroad of suspension systems decreased by -3.7% to X tons for the first time since 2016, thus ending a five-year rising trend. Overall, exports, however, saw a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 268%. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted in the following year.

In value terms, suspension system exports contracted to $X in 2022. Over the period under review, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 129% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then shrank in the following year.

Exports by Country

Germany (X tons) was the main destination for suspension system exports from Slovenia, accounting for a 94% share of total exports. It was followed by the United States (X tons), with a 2.5% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +45.4%.

In value terms, Germany ($X) remains the key foreign market for suspension systems exports from Slovenia, comprising 93% of total exports. The second position in the ranking was taken by the United States ($X), with a 1.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +37.9%.

Export Prices by Country

In 2022, the average suspension system export price amounted to $X per ton, with a decrease of -6.4% against the previous year. Over the period under review, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2015 when the average export price increased by 71%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.7%).

Suspension System Imports

Imports into Slovenia

In 2022, the amount of suspension systems imported into Slovenia dropped sharply to X tons, reducing by -24.5% against the year before. In general, imports, however, recorded perceptible growth. The pace of growth appeared the most rapid in 2018 with an increase of 33% against the previous year. Imports peaked at X tons in 2021, and then declined rapidly in the following year.

In value terms, suspension system imports fell remarkably to $X in 2022. Overall, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 40% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then shrank remarkably in the following year.

Imports by Country

Turkey (X tons), Bosnia and Herzegovina (X tons) and Germany (X tons) were the main suppliers of suspension system imports to Slovenia, together comprising 54% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bosnia and Herzegovina (with a CAGR of +171.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of suspension systems to Slovenia, comprising 30% of total imports. The second position in the ranking was held by Turkey ($X), with a 13% share of total imports. It was followed by the Czech Republic, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+33.2% per year) and the Czech Republic (-10.5% per year).

Import Prices by Country

The average suspension system import price stood at $X per ton in 2022, with an increase of 8.6% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 14%. The import price peaked at $X per ton in 2013; however, from 2014 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 Hungary ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform