Eastern Europe: Jacks And Hoists Market 2024

Jacks And Hoists Market Size in Eastern Europe

The East European jacks and hoists market declined slightly to $X in 2022, which is down by -4.3% against the previous year. Overall, consumption showed a pronounced downturn. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Jacks And Hoists Production in Eastern Europe

In value terms, jacks and hoists production declined to $X in 2022 estimated in export price. Over the period under review, production, however, saw a deep slump. The growth pace was the most rapid in 2021 when the production volume increased by 28% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Jacks And Hoists Exports

Exports in Eastern Europe

In 2022, overseas shipments of jacks and hoists for raising vehicles increased by 7.8% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, saw a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, jacks and hoists exports soared to $X in 2022. In general, exports, however, recorded a perceptible reduction. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic was the main exporting country with an export of around X units, which recorded 56% of total exports. Poland (X units) held the second position in the ranking, distantly followed by Romania (X units) and Slovakia (X units). All these countries together took near 32% share of total exports. The following exporters - Belarus (X units), Bulgaria (X units) and Hungary (X units) - each finished at a 9.2% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to jacks and hoists exports from the Czech Republic stood at -10.7%. At the same time, Bulgaria (+88.0%), Romania (+44.6%), Slovakia (+16.5%) and Poland (+12.9%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +88.0% from 2012-2022. Belarus experienced a relatively flat trend pattern. By contrast, Hungary (-17.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland, Romania, Slovakia, Bulgaria and Belarus increased by +19, +5.3, +4.4, +3.3 and +1.8 percentage points, respectively.

In value terms, the largest jacks and hoists supplying countries in Eastern Europe were the Czech Republic ($X), Bulgaria ($X) and Poland ($X), together comprising 78% of total exports.

Bulgaria, with a CAGR of +109.5%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per unit, increasing by 13% against the previous year. Export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, jacks and hoists export price increased by +13.1% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the export price increased by 30%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bulgaria ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+14.4%), while the other leaders experienced more modest paces of growth.

Jacks And Hoists Imports

Imports in Eastern Europe

Jacks and hoists imports contracted to X units in 2022, reducing by -11% on the previous year's figure. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 21% against the previous year. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, jacks and hoists imports dropped modestly to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 25%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Russia (X units), Poland (X units) and the Czech Republic (X units) represented the major importer of jacks and hoists for raising vehicles in Eastern Europe, generating 81% of total import. It was distantly followed by Slovakia (X units), comprising a 5.3% share of total imports. Romania (X units), Hungary (X units) and Ukraine (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Czech Republic (with a CAGR of +9.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and the Czech Republic ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 79% of total imports.

In terms of the main importing countries, Poland, with a CAGR of +10.7%, recorded the highest growth rate of 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 import price in Eastern Europe amounted to $X per unit, increasing by 8.5% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by 10% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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 Romania ($X per unit), while Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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