Slovenia: Winding Wire Market 2024

Winding Wire Market Size in Slovenia

The Slovene winding wire market dropped to $X in 2022, which is down by -11.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then declined in the following year.

Winding Wire Exports

Exports from Slovenia

Winding wire exports from Slovenia surged to X tons in 2022, with an increase of 34% compared with the previous year. Overall, exports recorded prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, winding wire exports soared to $X in 2022. In general, exports showed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Bosnia and Herzegovina (X tons), Serbia (X tons) and Italy (X tons) were the main destinations of winding wire exports from Slovenia, with a combined 93% share of total exports. The Netherlands, Croatia and Slovakia lagged somewhat behind, together comprising a further 5.6%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +211.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bosnia and Herzegovina ($X), Serbia ($X) and Italy ($X) constituted the largest markets for winding wire exported from Slovenia worldwide, with a combined 93% share of total exports. The Netherlands, Croatia and Slovakia lagged somewhat behind, together comprising a further 5.1%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +135.6%, recorded the highest rates of growth with regard to 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 winding wire export price amounted to $X per ton, with an increase of 13% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2016 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Slovakia ($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 Serbia (+6.3%), while the prices for the other major destinations experienced mixed trend patterns.

Winding Wire Imports

Imports into Slovenia

In 2022, imports of winding wire for electrical purposes into Slovenia dropped to X tons, waning by -7.8% compared with the previous year's figure. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 26%. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, winding wire imports declined to $X in 2022. Over the period under review, imports, however, enjoyed a modest expansion. The growth pace was the most rapid in 2021 when imports increased by 66% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, Italy (X tons) constituted the largest winding wire supplier to Slovenia, with a 54% share of total imports. Moreover, winding wire imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was held by Austria (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.8% per year) and Austria (+22.7% per year).

In value terms, Italy ($X) constituted the largest supplier of winding wire for electrical purposes to Slovenia, comprising 53% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by Austria, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.8% per year) and Austria (+24.5% per year).

Import Prices by Country

The average winding wire import price stood at $X per ton in 2022, flattening at the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 32%. As a result, import price attained the peak level of $X per ton, and then dropped slightly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Austria ($X per ton) and Poland ($X per ton), while the price for Slovakia ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform