Seals; Mechanical Price in Slovenia - 2023

Seals; Mechanical Price in Slovenia (CIF) - 2022

In 2022, the average seals; mechanical import price amounted to $20 per unit, with a decrease of -20.9% against the previous year. Overall, the import price saw a deep reduction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 73%. The import price peaked at $80 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($60 per unit), while the price for Belgium ($2.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Seals; Mechanical Price in Slovenia (FOB) - 2022

In 2022, the average seals; mechanical export price amounted to $17 per unit, surging by 51% against the previous year. Over the period under review, the export price, however, showed a pronounced reduction. The growth pace was the most rapid in 2013 when the average export price increased by 103%. The export price peaked at $52 per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($33 per unit), while the average price for exports to Israel ($2.3 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 Germany (-6.0%), while the prices for the other major destinations experienced a decline.

Seals; Mechanical Imports in Slovenia

For the fourth consecutive year, Slovenia recorded growth in supplies from abroad of seals; mechanicals, which increased by 8.8% to 150K units in 2022. Over the period under review, imports showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 128%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, seals; mechanical imports shrank to $3M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.4% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 56%. As a result, imports attained the peak of $3.4M, and then declined in the following year.

Import of Seals; Mechanical in Slovenia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	1,098	829	1,128	891	-6.7%
Poland	84.6	170	328	375	64.3%
Croatia	73.8	161	348	299	59.4%
Serbia	122	124	165	228	23.2%
China	118	76.8	138	143	6.6%
Slovakia	0.3	55.9	74.6	82.3	549.8%
Belgium	5.9	26.3	27.8	30.7	73.3%
Others	719	763	1,239	917	8.4%
Total	2,222	2,207	3,449	2,966	10.1%

Top Suppliers of Seals; Mechanical to Slovenia in 2022:

Poland (48.7K units)
China (17.3K units)
Germany (16.4K units)
Croatia (15.9K units)
Belgium (14.2K units)
Slovakia (9.5K units)
Serbia (7.9K units)

Seals; Mechanical Exports in Slovenia

In 2022, overseas shipments of seals; mechanicals decreased by -4.4% to 97K units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 181% against the previous year. As a result, the exports reached the peak of 102K units, and then reduced slightly in the following year.

In value terms, seals; mechanical exports soared to $1.6M in 2022. Over the period under review, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 53% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Seals; Mechanical in Slovenia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	30.3	33.0	152	387	133.8%
Serbia	90.0	72.4	154	337	55.3%
Hungary	3.5	84.7	55.3	194	281.3%
Croatia	167	147	213	188	4.0%
Spain	1.3	0.2	78.6	110	339.0%
Bosnia and Herzegovina	114	99.2	142	91.0	-7.2%
Germany	223	101	110	87.4	-26.8%
Romania	7.0	24.4	7.5	29.3	61.2%
Israel	1.7	0.2	2.1	17.2	116.3%
Bulgaria	238	13.3	12.0	2.0	-79.7%
Kosovo	N/A	2.2	2.3	0.5	-52.3%
Uzbekistan	N/A	6.2	N/A	N/A	0%
Libya	N/A	N/A	23.3	N/A	0%
Others	219	142	161	164	-9.2%
Total	1,095	726	1,112	1,608	13.7%