Industry revenue of »manufacture of electric motors, generators« in Slovenia 2011-2023

In most of the European nations, including Italy, Sweden, Czech Republic, Norway and Finland to name a few, revenues of the electric motors and manufacturing industry are declining, owing to the high industrial costs and labor wages, and the high cost of raw materials. Majority of the domestic demand is fulfilled through cheaper imports, mostly origination from countries in the Asia-Pacific region such as China, India, Malaysia and Japan, where most of the work is outsourced. However, Slovenia is one of the few countries not mirroring the European trend, with industry revenues projected to grow from 950 million U.S. dollars in 2011 to 1.2 billion U.S. dollars by 2023. Amongst key reasons include the favorable government investments in the sector, which have led to the development of advanced production facilities and the availability of a skilled workforce. In 2018, it was the thirteenth largest exporter of electric mortars and generators, as per data from wits.com.

Industry revenue of »manufacture of electric motors, generators« 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 motors, generators, transformers and electricity distribution and control apparatus“ has the code “C271“.

Details on the methodology can be found here.

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