Austria: Hydraulic Jack Market 2024

Hydraulic Jack Market Size in Austria

The Austrian hydraulic jack market fell rapidly to $X in 2022, shrinking by -53.7% against the previous year. In general, consumption, however, recorded a modest expansion. As a result, consumption reached the peak level of $X, and then reduced dramatically in the following year.

Hydraulic Jack Production in Austria

In value terms, hydraulic jack production declined notably to $X in 2022 estimated in export price. Overall, production, however, posted perceptible growth. The pace of growth was the most pronounced in 2015 when the production volume increased by 328% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Hydraulic Jack Exports

Exports from Austria

In 2022, overseas shipments of hydraulic jacks and hoists for raising vehicles increased by 26% to X units for the first time since 2019, thus ending a two-year declining trend. In general, exports saw strong growth. The growth pace was the most rapid in 2014 when exports increased by 230%. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, hydraulic jack exports reduced markedly to $X in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 236% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then declined markedly in the following year.

Exports by Country

Slovakia (X units), Germany (X units) and Romania (X units) were the main destinations of hydraulic jack exports from Austria, together accounting for 58% of total exports. Poland, Italy, the Czech Republic, Bulgaria, Hungary, Croatia, Russia and Greece lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +65.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hydraulic jack exported from Austria were Germany ($X), Slovakia ($X) and Poland ($X), with a combined 85% share of total exports. Italy, Russia, Romania, the Czech Republic, Hungary, Bulgaria, Croatia and Greece lagged somewhat behind, together comprising a further 10%.

Russia, with a CAGR of +43.6%, saw the highest growth rate of the value of exports, in terms of 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

The average hydraulic jack export price stood at $X per unit in 2022, with a decrease of -34.9% against the previous year. Over the period under review, the export price, however, recorded strong growth. The pace of growth appeared the most rapid in 2021 an increase of 61% against the previous year. As a result, the export price attained the peak level of $X per unit, and then reduced remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Bulgaria ($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 Slovakia (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Hydraulic Jack Imports

Imports into Austria

In 2022, supplies from abroad of hydraulic jacks and hoists for raising vehicles decreased by -10.4% to X units, falling for the third consecutive year after two years of growth. Over the period under review, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -25.3% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 58%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, hydraulic jack imports reduced sharply to $X in 2022. Overall, imports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of 60%. Imports peaked at $X in 2021, and then reduced dramatically in the following year.

Imports by Country

Turkey (X units), China (X units) and Germany (X units) were the main suppliers of hydraulic jack imports to Austria, together comprising 84% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +96.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of hydraulic jacks and hoists for raising vehicles to Austria, comprising 43% of total imports. The second position in the ranking was taken by Germany ($X), with a 17% share of total imports. It was followed by Italy, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey stood at +126.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.0% per year) and Italy (+7.0% per year).

Import Prices by Country

In 2022, the average hydraulic jack import price amounted to $X per unit, shrinking by -12.5% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hydraulic jack import price increased by +59.5% against 2012 indices. The growth pace was the most rapid in 2021 when the average import price increased by 68% against the previous year. As a result, import price reached the peak level of $X per unit, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 Turkey (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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