Heat exchangers and gas liquefaction market in Slovenia

Earlier Report Observations

The market size for heat exchangers and gas liquefaction equipment in Slovenia showed notable fluctuations between 2018 and 2021. It increased from 21.9 million USD in 2018 to 26.2 million USD in 2019, then declined to 22.7 million USD in 2020 before rising again to 25.0 million USD in 2021.

By 2023, significant investments by major players began shaping the market. Danfoss expanded its brazed-plate heat exchanger production capacity in Slovenia and launched new microplate technologies using natural refrigerants like R290. The following year, Danfoss further increased local production, while Kelvion invested in European manufacturing expansions and Alfa Laval introduced the energy-efficient TS25 semi-welded plate heat exchanger. Concurrent regulatory shifts across Europe, emphasizing energy efficiency and sustainability, supported demand for advanced heat exchange solutions.

Production heat exchangers and gas liquefaction in Slovenia

In value, 2017-2020, K $ US

In Slovenia, the production value of heat exchangers and gas liquefaction reached 40 915 K $ US in 2020, showing a modest year-over-year increase of 2.2%. Over the period from 2017 to 2020, production grew by 22.1%, which translates to an annualized growth rate of 6.9%. The highest production value was recorded in 2018 at 46 847 K $ US. In 2019, production experienced its largest decline of 14.5%, while the largest increase occurred in 2018 with a 39.9% rise.

Annual dynamics of production in Slovenia in value, 2017-2020, K $ US

Exports heat exchangers and gas liquefaction from Slovenia

Exports in kind, t

Exports of heat exchangers and gas liquefaction from Slovenia declined for the second consecutive year. In 2020, exports amounted to 3 104 t, showing little change compared to 2019. Over the 2017-2020 period, exports increased by 16%, with a compound annual growth rate of 5.1%. The peak export volume was recorded in 2018 at 3 247 t. The largest decline occurred in 2019 with a 4.1% drop, while the largest increase was in 2018 with a 21.3% rise.

Annual dynamics of product's exports from Slovenia in kind, 2017-2020, t

From 2017 to 2020, Germany, Denmark, and Austria were the leading destinations for Slovenia's exports of heat exchangers and gas liquefaction in kind. Germany accounted for 35.8% of exports, Denmark for 33.2%, and Austria for 5.2%, collectively representing 74.3% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Slovenia in kind, 2017-2020

Exports in value, K $ US

In 2020, the value of heat exchangers and gas liquefaction exports from Slovenia totaled 41 440 K $ US, remaining largely unchanged from 2019. Over the 2017-2020 period, export value increased by 15.1%, with a compound annual growth rate of 4.8%. The highest export value was recorded in 2018 at 48 002 K $ US. The largest decline occurred in 2019 with a 13.8% drop, while the largest increase was in 2018 with a 33.3% rise.

Annual dynamics of product's exports from Slovenia in value, 2017-2020, K $ US

From 2017 to 2020, Denmark, Germany, and Austria were the primary markets for Slovenia's exports of heat exchangers and gas liquefaction in value terms. Denmark accounted for 37.8% of export value, Germany for 26.7%, and Austria for 7.4%, together making up 71.9% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Slovenia in value, 2017-2020

Imports heat exchangers and gas liquefaction to Slovenia

Imports in kind, t

After a two-year increase, imports of heat exchangers and gas liquefaction into Slovenia declined. In 2020, imports totaled 2 056 t, which was 25.9% lower than in 2019. Over the 2017-2020 period, imports grew by 9.5%, with a compound annual growth rate of 3.1%. The peak import volume was recorded in 2019 at 2 775 t, which also saw the largest increase of 35.1%.

Annual dynamics of product's imports to Slovenia in kind, 2017-2020, t

From 2017 to 2020, Italy, Germany, and Austria were the main sources for Slovenia's imports of heat exchangers and gas liquefaction in kind. Italy accounted for 20.0% of imports, Germany for 19.3%, and Austria for 18.1%, collectively representing 57.4% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Slovenia in kind, 2017-2020

Imports in value, K $ US

After a two-year increase, imports of heat exchangers and gas liquefaction into Slovenia declined. In 2020, imports amounted to 27 545 K $ US, representing a 15.6% decrease from the previous year. Over the 2017-2020 period, import value increased by 5.6%, with a compound annual growth rate of 1.8%. The highest import value was recorded in 2019 at 27 545 K $ US, which also saw the largest increase of 19.6%.

Annual dynamics of product's imports to Slovenia in value, 2017-2020, K $ US

Data from 2017 to 2020 show that imports of heat exchangers and gas liquefaction into Slovenia in value terms were not heavily concentrated on a few key sources. Italy accounted for 24.4% of import value, Germany for 14.5%, and Sweden for 8.3%, together representing 47.2% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Slovenia in value, 2017-2020