Czech Republic: Jacks And Hoists Market 2024

Jacks And Hoists Market Size in the Czech Republic

In 2022, the Czech jacks and hoists market increased by 73% to $X, rising for the third consecutive year after four years of decline. Overall, consumption posted buoyant growth. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Jacks And Hoists Production in the Czech Republic

In value terms, jacks and hoists production reduced remarkably to $X in 2022 estimated in export price. In general, production showed a strong increase. The growth pace was the most rapid in 2018 with an increase of 291%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Jacks And Hoists Exports

Exports from the Czech Republic

In 2022, exports of jacks and hoists for raising vehicles from the Czech Republic reduced to X units, declining by -10% compared with the year before. Over the period under review, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 10%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, jacks and hoists exports expanded markedly to $X in 2022. Overall, exports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 33% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for jacks and hoists exports from the Czech Republic, with a 50% share of total exports. Moreover, jacks and hoists exports to Germany exceeded the volume sent to the second major destination, Portugal (X units), threefold. The third position in this ranking was held by Slovakia (X units), with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled -13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+14.4% per year) and Slovakia (+27.9% per year).

In value terms, Germany ($X) remains the key foreign market for jacks and hoists for raising vehicles exports from the Czech Republic, comprising 61% of total exports. The second position in the ranking was held by Portugal ($X), with an 8.6% share of total exports. It was followed by the Netherlands, with a 7% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to -3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+13.1% per year) and the Netherlands (+7.3% per year).

Export Prices by Country

The average jacks and hoists export price stood at $X per unit in 2022, growing by 17% against the previous year. Overall, the export price enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 an increase of 21% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Russia ($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 (+31.4%), while the prices for the other major destinations experienced more modest paces of growth.

Jacks And Hoists Imports

Imports into the Czech Republic

In 2022, the amount of jacks and hoists for raising vehicles imported into the Czech Republic dropped to X units, which is down by -9.1% compared with the year before. Over the period under review, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 74% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, jacks and hoists imports contracted remarkably to $X in 2022. Overall, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.5% 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 +17.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 42%. As a result, imports attained the peak of $X, and then declined remarkably in the following year.

Imports by Country

In 2022, Spain (X units) constituted the largest jacks and hoists supplier to the Czech Republic, accounting for a 58% share of total imports. Moreover, jacks and hoists imports from Spain exceeded the figures recorded by the second-largest supplier, China (X units), threefold. South Korea (X units) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at +50.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+29.3% per year) and South Korea (-11.7% per year).

In value terms, Spain ($X), China ($X) and Germany ($X) were the largest jacks and hoists suppliers to the Czech Republic, with a combined 63% share of total imports.

In terms of the main suppliers, Spain, with a CAGR of +50.0%, recorded the highest rates of growth with regard to the value of imports, 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 jacks and hoists import price amounted to $X per unit, reducing by -9.4% against the previous year. Overall, the import price recorded a pronounced setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by 39%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for South Korea ($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 (+1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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