Slovenia: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Slovenia

In 2022, after two years of growth, there was significant decline in the Slovene market for turbo, rotary and reciporating displacement compressors, when its value decreased by -27.5% to $X. In general, consumption, however, recorded a strong expansion. Consumption of peaked at $X in 2021, and then fell remarkably in the following year.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from Slovenia

In 2022, after two years of growth, there was significant decline in overseas shipments of turbo, rotary and reciporating displacement compressors, when their volume decreased by -84.8% to X units. Overall, exports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 34%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of turbo, rotary and reciporating displacement compressors reduced sharply to $X in 2022. Over the period under review, exports showed a abrupt downturn. The growth pace was the most rapid in 2017 with an increase of 25%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Austria (X units) was the main destination for exports of turbo, rotary and reciporating displacement compressors from Slovenia, accounting for a 62% share of total exports. Moreover, exports of turbo, rotary and reciporating displacement compressors to Austria exceeded the volume sent to the second major destination, Croatia (X units), fourfold. Italy (X units) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2022, the average annual growth rate of volume to Austria amounted to -30.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+13.4% per year) and Italy (-15.5% per year).

In value terms, Croatia ($X), Austria ($X) and Bosnia and Herzegovina ($X) were the largest markets for turbo, rotary and reciporating displacement compressor exported from Slovenia worldwide, together comprising 64% of total exports. Serbia, North Macedonia, Italy and Hungary lagged somewhat behind, together comprising a further 14%.

Hungary, with a CAGR of +11.4%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average export price for turbo, rotary and reciporating displacement compressors amounted to $X per unit, growing by 126% against the previous year. Over the period under review, the export price saw a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per unit), while the average price for exports to Austria ($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 Bosnia and Herzegovina (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into Slovenia

In 2022, imports of turbo, rotary and reciporating displacement compressors into Slovenia fell sharply to X units, shrinking by -19.4% against the previous year's figure. In general, imports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 51%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of turbo, rotary and reciporating displacement compressors fell remarkably to $X in 2022. Over the period under review, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 26%. Over the period under review, imports of hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X units), China (X units) and Italy (X units) were the main suppliers of imports of turbo, rotary and reciporating displacement compressors to Slovenia, with a combined 94% share of total imports. Ukraine, France and Austria lagged somewhat behind, together comprising a further 2%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of +66.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Italy ($X) appeared to be the largest turbo, rotary and reciporating displacement compressor suppliers to Slovenia, with a combined 64% share of total imports. Ukraine, France and Austria lagged somewhat behind, together comprising a further 7.5%.

Among the main suppliers, Ukraine, with a CAGR of +75.1%, recorded the highest rates of growth with regard to the value of imports, 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 import price for turbo, rotary and reciporating displacement compressors amounted to $X per unit, reducing by -2.7% against the previous year. In general, the import price showed a mild decline. The most prominent rate of growth was recorded in 2013 when the average import price increased by 45%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+51.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform