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Industry revenue of »manufacture of electric domestic appliances« in Slovenia 2011-2023

Revenues of the Slovenian electric domestic appliances manufacturing industry are projected to decline from 1.4 billion U.S. dollars in 2011 to 1.3 billion U.S. dollars by 2023. This can be attributed to the declining consumer expenditure on household appliances as a whole, which has reduced from 273.62 million euros in 2008 to 260.5 million euros in 2018. Further, the industry is facing stiff competition from overseas firms mainly in the Asia Pacific region, which are witnessing steady growth, owing to an increasing number of foreign enterprises setting establishments in the region. In fact, the market in most of the European countries including Czech Republic, Italy and Spain to name a few, is witnessing a decline as Asian imports are satisfying majority of the domestic demand. Unsurprisingly, three of the leading household appliance companies, namely, The Midea Group, Gree Electric Appliances and Qingdao Haier are all headquartered in the Asia-Pacific region.

Industry revenue of »manufacture of electric domestic appliances« in Slovenia from 2011 to 2023

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Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Slovenia. The industry “manufacture of electric domestic appliances“ has the code “C2751“.

Details on the methodology can be found here.

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