Non-domestic heat exchange units market in Slovenia

Earlier Report Observations

The market size for non-domestic heat exchange units in Slovenia, measured in value terms, increased from 20.9 million USD in 2018 to 25.8 million USD in 2019, then contracted to 22.7 million USD in 2020 before recovering to 24.9 million USD in 2021.

Import and export values exhibited overall growth from 2018 to 2023, with imports rising from 22.1 million USD to 30.0 million USD and exports from 48.0 million USD to 60.9 million USD over the period. In 2022, the market saw increased segmentation with air-to-water and water-to-water heat pumps gaining prominence, supporting trade activity. Both import and export values declined in 2024, to 24.3 million USD and 52.3 million USD respectively, amidst the introduction of key legislative measures such as the ban on new natural gas and heating oil boilers in residential buildings.

State-owned electricity market operator Borzen implemented support schemes for renewable energy installations, including a 20 million euro fund for heat pumps and solar thermal collectors, while rising electricity prices affected consumer payback periods. These regulatory and policy shifts, aligned with Slovenia's National Energy and Climate Plan, are reshaping the operating environment for non-domestic heat exchange units.

Production non-domestic heat exchangers in Slovenia

In value, 2017-2020, K $ US

In Slovenia, the output value of non-domestic heat exchange units reached 40 915 K $ US in 2020, showing a slight increase of 2.2% compared to the previous year. Over the period from 2017 to 2020, production grew by 22.1%, with a compound annual growth rate of 6.9%. The highest value was recorded in 2018 at 46 847 K $ US, which also saw the largest increase of 39.9%. In contrast, 2019 experienced the largest decline of 14.5%.

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

Exports non-domestic heat exchangers from Slovenia

Exports in kind, K unit

Slovenia's export volume of non-domestic heat exchange units declined for the second consecutive year. In 2020, exports totaled 3 101 K units, showing no significant change compared to 2019. Between 2017 and 2020, exports increased by 15.9%, equating to an annualized growth rate of 5.0%. The peak was in 2018 with 3 246 K units, which also saw the largest increase of 21.3%. The largest decline occurred in 2019 at 4.1%.

Annual dynamics of product's exports from Slovenia in kind, 2017-2020, K unit

From 2017 to 2020, Germany, Denmark, and Austria remained the top buyers of non-domestic heat exchange units from Slovenia in terms of volume. Germany accounted for 35.8% of exports, Denmark for 33.2%, and Austria for 5.2%, collectively representing 74.3% of total exports in kind.

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

The value of non-domestic heat exchange units exported from Slovenia declined for the second year in a row. In 2020, export value came to 41 312 K $ US, with no significant change compared to 2019. Over the period from 2017 to 2020, exports increased by 14.7%, with a compound annual growth rate of 4.7%. The highest value was recorded in 2018 at 47 972 K $ US, which also saw the largest increase of 33.2%. The largest decline occurred in 2019 at 13.8%.

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

From 2017 to 2020, Denmark, Germany, and Austria continued to be the main buyers of non-domestic heat exchange units from Slovenia in value terms. Denmark accounted for 37.8% of exports, Germany for 26.8%, and Austria for 7.4%, together forming 72.0% of total exports in value.

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

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

Imports non-domestic heat exchangers to Slovenia

Imports in kind, K unit

After two years of growth, Slovenia's import volume of non-domestic heat exchange units declined. In 2020, imports amounted to 2 050 K units, marking a sharp decrease of 25.3% year-over-year. Over the period from 2017 to 2020, imports increased by 18.6%, with a compound annual growth rate of 5.9%. The peak was in 2019 with 2 744 K units, which also saw the largest increase of 37.8%.

Annual dynamics of product's imports to Slovenia in kind, 2017-2020, K unit

From 2017 to 2020, Germany, Italy, and Austria remained the leading sources in Slovenia's import structure for non-domestic heat exchange units in terms of volume. Germany accounted for 19.9% of imports, Italy for 18.9%, and Austria for 18.2%, with a combined share of 57.0% of total imports in kind.

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 two years of growth, Slovenia's import value of foreign non-domestic heat exchange units declined. In 2020, imports totaled 23 141 K $ US, showing a robust decrease of 14.6% from the previous year. Between 2017 and 2020, imports increased by 26.5%, equating to an annualized growth rate of 8.2%. The highest value was recorded in 2019 at 27 108 K $ US, which also saw the largest increase of 22.9%.

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

From 2017 to 2020, Italy, Germany, and Sweden were the largest suppliers of non-domestic heat exchange units to Slovenia in value terms, though not dominant. Italy accounted for 22.5% of imports, Germany for 15.3%, and Sweden for 8.8%, together representing 46.5% of total imports in value against a backdrop of numerous smaller partners.

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

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