Bahrain: Hydraulic Jack Market 2024

Hydraulic Jack Market Size in Bahrain

In 2022, the Bahraini hydraulic jack market increased by 203% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption enjoyed a significant expansion. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Hydraulic Jack Exports

Exports from Bahrain

In 2022, exports of hydraulic jacks and hoists for raising vehicles from Bahrain surged to X units, picking up by 126% compared with the year before. In general, exports posted tangible growth. The pace of growth appeared the most rapid in 2014 with an increase of 1,993% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, hydraulic jack exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2014 when exports increased by 502% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for hydraulic jack exports from Bahrain, accounting for a 93% share of total exports. Moreover, hydraulic jack exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at +108.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-14.7% per year) and Germany (-53.7% per year).

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Germany ($X) appeared to be the largest markets for hydraulic jack exported from Bahrain worldwide, with a combined 92% share of total exports.

The United Arab Emirates, with a CAGR of +59.5%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average hydraulic jack export price amounted to $X per unit, falling by -39.8% against the previous year. Overall, the export price saw a deep downturn. The pace of growth appeared the most rapid in 2013 when the average export price increased by 248% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to the United Arab Emirates ($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 Italy (+8.6%), while the prices for the other major destinations experienced mixed trend patterns.

Hydraulic Jack Imports

Imports into Bahrain

In 2022, supplies from abroad of hydraulic jacks and hoists for raising vehicles increased by 206% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports showed a significant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 757% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, hydraulic jack imports skyrocketed to $X in 2022. Overall, imports enjoyed a moderate increase. The pace of growth was the most pronounced in 2014 with an increase of 1,480%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Canada (X units), China (X units) and Japan (X units) were the main suppliers of hydraulic jack imports to Bahrain, together accounting for 90% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +48.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hydraulic jack suppliers to Bahrain were China ($X), the United States ($X) and Canada ($X), together comprising 75% of total imports. The UK, the United Arab Emirates, Japan, Spain and India lagged somewhat behind, together accounting for a further 15%.

Spain, with a CAGR of +25.5%, saw 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 hydraulic jack import price amounted to $X per unit, waning by -51.5% against the previous year. In general, the import price saw a abrupt downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 336%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average 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 the United States ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+14.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform