CIS: Hydraulic Jack Market 2022

Hydraulic Jack Market Size in CIS

The CIS hydraulic jack market dropped slightly to $X in 2021, remaining constant against the previous year. The total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +35.4% against 2019 indices. As a result, consumption attained the peak level of $X, leveling off in the following year.

Hydraulic Jack Production in CIS

In value terms, hydraulic jack production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2014 when the production volume increased by 176% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Hydraulic Jack Exports

Exports in CIS

In 2021, exports of hydraulic jacks and hoists for raising vehicles in the CIS skyrocketed to X units, jumping by 40% compared with the year before. Overall, exports posted a resilient expansion. The pace of growth appeared the most rapid in 2016 with an increase of 75% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, hydraulic jack exports surged to $X in 2021. In general, exports recorded modest growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belarus was the main exporting country with an export of about X units, which reached 68% of total exports. It was distantly followed by Russia (X units), making up a 31% share of total exports.

Belarus was also the fastest-growing in terms of the hydraulic jacks and hoists for raising vehicles exports, with a CAGR of +21.3% from 2012 to 2021. At the same time, Russia (+2.4%) displayed positive paces of growth. While the share of Belarus (+39 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Russia (-30.5 p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest hydraulic jack supplier in the CIS, comprising 75% of total exports. The second position in the ranking was held by Belarus ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Russia amounted to +9.6%.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2021, jumping by 43% against the previous year. Overall, the export price, however, showed a abrupt descent. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Russia ($X per unit), while Belarus stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+7.0%).

Hydraulic Jack Imports

Imports in CIS

Hydraulic jack imports reached X units in 2021, remaining constant against 2020 figures. Total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +2.3% 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 +129.7% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of 64% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, hydraulic jack imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a mild reduction. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Russia prevails in imports structure, recording X units, which was near 86% of total imports in 2021. Kazakhstan (X units) held a 6.4% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (5.3%).

Imports into Russia increased at an average annual rate of +1.4% from 2012 to 2021. At the same time, Belarus (+15.3%) and Kazakhstan (+6.1%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the CIS, with a CAGR of +15.3% from 2012-2021. Belarus (+3.5 p.p.) and Kazakhstan (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -6.8% from 2012 to 2021, respectively.

In value terms, Russia ($X) constitutes the largest market for imported hydraulic jacks and hoists for raising vehicles in the CIS, comprising 80% of total imports. The second position in the ranking was held by Kazakhstan ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Russia amounted to -2.0%. In the other countries, the average annual rates were as follows: Kazakhstan (+4.1% per year) and Belarus (+3.5% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2021, surging by 42% against the previous year. Overall, the import price, however, showed a noticeable curtailment. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Kazakhstan ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (-1.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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