Austria: Jacks And Hoists Market 2024

Jacks And Hoists Market Size in Austria

The Austrian jacks and hoists market fell markedly to $X in 2022, with a decrease of -34.6% against the previous year. Over the period under review, consumption recorded a perceptible setback. Jacks and hoists consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Jacks And Hoists Production in Austria

In value terms, jacks and hoists production dropped notably to $X in 2022 estimated in export price. Overall, production saw a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of 295% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Jacks And Hoists Exports

Exports from Austria

In 2022, the amount of jacks and hoists for raising vehicles exported from Austria shrank significantly to X units, which is down by -54.6% against the year before. In general, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 126%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, jacks and hoists exports contracted remarkably to $X in 2022. Over the period under review, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 54% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Hungary (X units) and Poland (X units) were the main destinations of jacks and hoists exports from Austria, with a combined 43% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +34.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for jacks and hoists exported from Austria were Switzerland ($X), China ($X) and Germany ($X), together comprising 45% of total exports. Italy, Poland, Hungary, France, the Czech Republic, the UK, Slovakia, Angola, Slovenia and Romania lagged somewhat behind, together accounting for a further 25%.

Among the main countries of destination, Hungary, with a CAGR of +34.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average jacks and hoists export price stood at $X per unit in 2022, picking up by 18% against the previous year. Over the period under review, the export price, however, saw a perceptible decrease. The growth pace was the most rapid in 2015 an increase of 72%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Romania ($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 the UK (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Jacks And Hoists Imports

Imports into Austria

After three years of growth, supplies from abroad of jacks and hoists for raising vehicles decreased by -51.8% to X units in 2022. Over the period under review, imports recorded a perceptible contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 45% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, jacks and hoists imports fell significantly to $X in 2022. Overall, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 24%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest jacks and hoists supplier to Austria, accounting for a 58% share of total imports. Moreover, jacks and hoists imports from Germany exceeded the figures recorded by the second-largest supplier, Slovakia (X units), fourfold. China (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+43.7% per year) and China (-14.1% per year).

In value terms, Germany ($X) constituted the largest supplier of jacks and hoists for raising vehicles to Austria, comprising 76% of total imports. The second position in the ranking was held by China ($X), with a 4.9% share of total imports. It was followed by Italy, with a 3.3% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.7% per year) and Italy (-16.1% per year).

Import Prices by Country

The average jacks and hoists import price stood at $X per unit in 2022, surging by 62% against the previous year. Overall, the import price, however, continues to indicate a pronounced decrease. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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