Eastern Asia: Hydraulic Jack Market 2025

Hydraulic Jack Market Size in Eastern Asia

The East Asian hydraulic jack market reduced to $X in 2022, which is down by -4.3% against the previous year. The total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 -7.2% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Hydraulic Jack Production in Eastern Asia

In value terms, hydraulic jack production declined modestly to $X in 2022 estimated in export price. The total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.8% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 16%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Hydraulic Jack Exports

Exports in Eastern Asia

In 2022, the amount of hydraulic jacks and hoists for raising vehicles exported in Eastern Asia contracted to X units, reducing by -7.9% on 2021 figures. The total export volume increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 18%. As a result, the exports attained the peak of X units, and then reduced in the following year.

In value terms, hydraulic jack exports shrank to $X in 2022. Total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +90.6% against 2012 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. As a result, the exports reached the peak of $X, leveling off in the following year.

Exports by Country

In 2022, China (X units) was the largest exporter of hydraulic jacks and hoists for raising vehicles in Eastern Asia, achieving 98% of total export.

China was also the fastest-growing in terms of the hydraulic jacks and hoists for raising vehicles exports, with a CAGR of +2.5% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest hydraulic jack supplier in Eastern Asia.

In China, hydraulic jack exports expanded at an average annual rate of +6.9% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, picking up by 8.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2021 when the export price increased by 13%. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +4.3% per year.

Hydraulic Jack Imports

Imports in Eastern Asia

Hydraulic jack imports shrank modestly to X units in 2022, reducing by -3.9% against the previous year. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 49%. The volume of import peaked at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, hydraulic jack imports stood at $X in 2022. In general, imports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2014 with an increase of 50%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Japan (X units) and South Korea (X units) prevails in imports structure, together comprising 94% of total imports. Taiwan (Chinese) (X units) and China (X units) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +2.9%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Japan ($X), South Korea ($X) and China ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 89% of total imports. These countries were followed by Taiwan (Chinese), which accounted for a further 7.5%.

Taiwan (Chinese), with a CAGR of +6.8%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, picking up by 4.5% against the previous year. Over the period under review, the import price, however, recorded a noticeable contraction. The growth pace was the most rapid in 2020 an increase of 27%. Over the period under review, import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+18.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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