Slovenia: Jacks And Hoists Market 2024

Jacks And Hoists Market Size in Slovenia

In 2022, the Slovene jacks and hoists market decreased by -6.2% to $X, falling for the second year in a row after four years of growth. Over the period under review, consumption, however, saw resilient growth. Jacks and hoists consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Jacks And Hoists Production in Slovenia

In value terms, jacks and hoists production declined modestly to $X in 2022 estimated in export price. Overall, production recorded a noticeable reduction. The pace of growth appeared the most rapid in 2021 when the production volume increased by 13%. Jacks and hoists production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Jacks And Hoists Exports

Exports from Slovenia

In 2022, the amount of jacks and hoists for raising vehicles exported from Slovenia plummeted to X units, reducing by -37.6% compared with the previous year. In general, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 446% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, jacks and hoists exports fell remarkably to $X in 2022. Overall, exports, however, showed buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of 678%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for jacks and hoists exports from Slovenia, with a 64% share of total exports. Moreover, jacks and hoists exports to the United States exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X units), fourfold. The third position in this ranking was taken by Lithuania (X units), with a 3.7% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +319.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+43.7% per year) and Lithuania (0.0% per year).

In value terms, the United States ($X) emerged as the key foreign market for jacks and hoists for raising vehicles exports from Slovenia, comprising 61% of total exports. The second position in the ranking was taken by Croatia ($X), with a 7.2% share of total exports. It was followed by Austria, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +164.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (-3.7% per year) and Austria (-11.3% per year).

Export Prices by Country

In 2022, the average jacks and hoists export price amounted to $X per unit, reducing by -20.3% against the previous year. Overall, the export price continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 an increase of 117% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Lithuania ($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 (-3.6%), while the prices for the other major destinations experienced a decline.

Jacks And Hoists Imports

Imports into Slovenia

In 2022, overseas purchases of jacks and hoists for raising vehicles decreased by -22.6% to X units, falling for the second year in a row after five years of growth. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 173%. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, jacks and hoists imports fell significantly to $X in 2022. In general, imports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 245%. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Spain (X units), China (X units) and Italy (X units) were the main suppliers of jacks and hoists imports to Slovenia, with a combined 91% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +81.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), China ($X) and Germany ($X) appeared to be the largest jacks and hoists suppliers to Slovenia, together comprising 72% of total imports. Spain, Estonia, France, Poland and Croatia lagged somewhat behind, together comprising a further 18%.

Spain, with a CAGR of +40.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average jacks and hoists import price amounted to $X per unit, shrinking by -3.2% against the previous year. In general, the import price faced a abrupt decrease. The growth pace was the most rapid in 2013 when the average import price increased by 110% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (-1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform