Industry revenue of »forging, pressing, stamping and roll-forming of metal« in Slovenia 2011-2023

Mirroring the trend in countries such as Estonia, Finland, Bulgaria and Norway to name a few, revenues of the forging, pressing, stamping and roll-forming of metal industry in Slovenia have witnessed a massive decline, from 1 billion U.S. dollars in 2011 to 154 million U.S. dollars in 2019. This can be attributed to the decline in the country’s industrial and construction sector, lack of investments in the necessary machinery and production facilities, and the cost overruns, leading to the closure of many factories. With the outbreak of the corona virus pandemic, the short to medium term does not augur too well for the sector either. As the government has imposed a nationwide lockdown, majority of the factories have been shut for an indefinite period or are operating with a minimum workforce. The economy as a whole is expected to shrink by eight percent in 2020, whilst the sector is expected to be defunct in the short term.