Benelux: Hydraulic Jack Market 2022

Hydraulic Jack Market Size in Benelux

In 2021, the Benelux hydraulic jack market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption enjoyed resilient growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Hydraulic Jack Production in Benelux

In value terms, hydraulic jack production fell to $X in 2021 estimated in export price. Over the period under review, production faced a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 37%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Hydraulic Jack Exports

Exports in Benelux

In 2021, the amount of hydraulic jacks and hoists for raising vehicles exported in Benelux shrank rapidly to X units, dropping by -40.2% on the year before. In general, exports showed a deep setback. The pace of growth appeared the most rapid in 2020 when exports increased by 151%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, hydraulic jack exports dropped to $X in 2021. Over the period under review, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 15%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands prevails in exports structure, resulting at X units, which was approx. 90% of total exports in 2021. It was distantly followed by Belgium (X units), achieving a 9.5% share of total exports.

Exports from the Netherlands decreased at an average annual rate of -10.7% from 2012 to 2021. At the same time, Belgium (+5.2%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +5.2% from 2012-2021. While the share of Belgium (+7.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the Netherlands (-7.7 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) remains the largest hydraulic jack supplier in Benelux, comprising 81% of total exports. The second position in the ranking was taken by Belgium ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the Netherlands stood at -9.8%.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2021, surging by 44% against the previous year. Overall, the export price saw slight growth. The growth pace was the most rapid in 2014 an increase of 53% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Belgium ($X per unit), while the Netherlands stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.0%).

Hydraulic Jack Imports

Imports in Benelux

In 2021, approx. X units of hydraulic jacks and hoists for raising vehicles were imported in Benelux; surging by 21% compared with the previous year. In general, imports saw strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by 155% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, hydraulic jack imports surged to $X in 2021. Total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +59.4% against 2017 indices. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X units) was the key importer of hydraulic jacks and hoists for raising vehicles, mixing up 75% of total imports. It was distantly followed by Belgium (X units), creating a 25% share of total imports.

The Netherlands was also the fastest-growing in terms of the hydraulic jacks and hoists for raising vehicles imports, with a CAGR of +10.1% from 2012 to 2021. At the same time, Belgium (+5.0%) displayed positive paces of growth. The Netherlands (+8.7 p.p.) significantly strengthened its position in terms of the total imports, while Belgium saw its share reduced by -8.8% from 2012 to 2021, respectively.

In value terms, the Netherlands ($X) and Belgium ($X) appeared to be the countries with the highest levels of imports in 2021.

In terms of the main importing countries, the Netherlands, with a CAGR of +4.6%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per unit, rising by 15% against the previous year. In general, the import price, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2013 an increase of 32%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per unit), while the Netherlands stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-3.9%).

Source: IndexBox Platform