Slovenia: Hydraulic Jack Market 2024

Hydraulic Jack Market Size in Slovenia

The Slovene hydraulic jack market surged to $X in 2022, jumping by 98% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Hydraulic Jack Exports

Exports from Slovenia

In 2022, overseas shipments of hydraulic jacks and hoists for raising vehicles decreased by -36.2% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 105%. Over the period under review, the exports attained the peak figure at X units in 2021, and then shrank rapidly in the following year.

In value terms, hydraulic jack exports reduced rapidly to $X in 2022. In general, exports, however, posted resilient growth. The growth pace was the most rapid in 2015 with an increase of 91%. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell remarkably in the following year.

Exports by Country

Germany (X units) was the main destination for hydraulic jack exports from Slovenia, with a 45% share of total exports. Moreover, hydraulic jack exports to Germany exceeded the volume sent to the second major destination, Switzerland (X units), fourfold. Austria (X units) ranked third in terms of total exports with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +45.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+108.5% per year) and Austria (-2.3% per year).

In value terms, the largest markets for hydraulic jack exported from Slovenia were Germany ($X), Austria ($X) and France ($X), together accounting for 74% of total exports. Switzerland, Croatia, Italy, Hungary, Serbia and Romania lagged somewhat behind, together comprising a further 16%.

Switzerland, with a CAGR of +120.3%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average hydraulic jack export price amounted to $X per unit, growing by 7.7% against the previous year. Overall, the export price, however, showed a pronounced curtailment. The growth pace was the most rapid in 2015 an increase of 80% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Hydraulic Jack Imports

Imports into Slovenia

In 2022, approx. X units of hydraulic jacks and hoists for raising vehicles were imported into Slovenia; picking up by 20% against the year before. Overall, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +9.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.1% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 47% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, hydraulic jack imports surged to $X in 2022. Over the period under review, imports enjoyed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), China (X units) and Italy (X units) were the main suppliers of hydraulic jack imports to Slovenia, together comprising 81% of total imports. Turkey, the Netherlands, Poland and Slovakia lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +140.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of hydraulic jacks and hoists for raising vehicles to Slovenia, comprising 46% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by China, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy amounted to +17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.2% per year) and China (+10.5% per year).

Import Prices by Country

The average hydraulic jack import price stood at $X per unit in 2022, surging by 44% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the average import price increased by 47% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform