Czech Republic: Hydraulic Jack Market 2024

Hydraulic Jack Market Size in the Czech Republic

The Czech hydraulic jack market dropped markedly to $X in 2022, with a decrease of -23.9% against the previous year. Overall, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -36.2% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Hydraulic Jack Production in the Czech Republic

In value terms, hydraulic jack production reduced to $X in 2022 estimated in export price. Overall, production, however, enjoyed a measured increase. The most prominent rate of growth was recorded in 2017 with an increase of 134%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Hydraulic Jack Exports

Exports from the Czech Republic

In 2022, exports of hydraulic jacks and hoists for raising vehicles from the Czech Republic surged to X units, rising by 84% on 2021 figures. Overall, exports recorded resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hydraulic jack exports surged to $X in 2022. Over the period under review, exports, however, saw a abrupt decline. The growth pace was the most rapid in 2021 when exports increased by 67% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X units), Germany (X units) and Slovakia (X units) were the main destinations of hydraulic jack exports from the Czech Republic, together comprising 66% of total exports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +114.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Germany ($X) and Slovakia ($X) constituted the largest markets for hydraulic jack exported from the Czech Republic worldwide, with a combined 48% share of total exports. Kazakhstan, Poland, China and Belgium lagged somewhat behind, together comprising a further 30%.

Belgium, with a CAGR of +44.5%, recorded the highest rates of growth with regard to the value of exports, among 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, dropping by -18% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2017 when the average export price increased by 16%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Belgium ($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 Algeria (+18.4%), while the prices for the other major destinations experienced mixed trend patterns.

Hydraulic Jack Imports

Imports into the Czech Republic

In 2022, the amount of hydraulic jacks and hoists for raising vehicles imported into the Czech Republic expanded significantly to X units, increasing by 9.8% against the previous year's figure. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +26.0% against 2020 indices. The pace of growth was the most pronounced in 2013 when imports increased by 27%. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, hydraulic jack imports expanded significantly to $X in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +8.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.1% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 34% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of hydraulic jack to the Czech Republic, accounting for a 65% share of total imports. Moreover, hydraulic jack imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), fourfold. The third position in this ranking was taken by Germany (X units), with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+15.1% per year) and Germany (+1.9% per year).

In value terms, the largest hydraulic jack suppliers to the Czech Republic were China ($X), Italy ($X) and Germany ($X), together accounting for 70% of total imports. Poland, the Netherlands and Turkey lagged somewhat behind, together comprising a further 17%.

Turkey, with a CAGR of +35.1%, recorded the highest rates of growth with regard to the value of imports, in terms of 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, declining by -2.9% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.5% 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 +61.2% against 2015 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 37%. The import price peaked at $X per unit in 2021, and then contracted slightly 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 Germany (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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