EU: Market for Hydraulic Cylinders And Systems 2024

Market Size for Hydraulic Cylinders And Systems in the EU

The EU hydraulic cylinder and system market soared to $X in 2022, jumping by 23% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Hydraulic Cylinders And Systems in the EU

In value terms, hydraulic cylinder and system production declined to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 14%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Hydraulic Cylinders And Systems

Exports in the EU

In 2022, the amount of hydraulic cylinders and systems exported in the European Union fell to X units, declining by -6.7% compared with the previous year's figure. The total export volume increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 28% against the previous year. As a result, the exports reached the peak of X units, and then dropped in the following year.

In value terms, hydraulic cylinder and system exports reduced to $X in 2022. Total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 +9.3% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 24% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then dropped in the following year.

Exports by Country

In 2022, Germany (X units), distantly followed by Bulgaria (X units), Ireland (X units), Italy (X units), the Netherlands (X units), Poland (X units) and Austria (X units) were the largest exporters of hydraulic cylinders and systems, together comprising 80% of total exports.

From 2012 to 2022, average annual rates of growth with regard to hydraulic cylinder and system exports from Germany stood at +1.9%. At the same time, Poland (+12.3%), the Netherlands (+6.9%), Italy (+6.7%), Austria (+5.2%), Bulgaria (+5.1%) and Ireland (+4.7%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +12.3% from 2012-2022. While the share of Poland (+3.5 p.p.), Italy (+2.5 p.p.), the Netherlands (+1.8 p.p.) and Bulgaria (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Germany (-4.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest hydraulic cylinder and system supplier in the European Union, comprising 33% of total exports. The second position in the ranking was held by Bulgaria ($X), with an 8.9% share of total exports. It was followed by the Netherlands, with an 8.7% share.

In Germany, hydraulic cylinder and system exports expanded at an average annual rate of +1.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bulgaria (+10.0% per year) and the Netherlands (+10.4% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, surging by 1.8% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 8.1% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while Ireland (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+4.7%), while the other leaders experienced more modest paces of growth.

Imports of Hydraulic Cylinders And Systems

Imports in the EU

In 2022, purchases abroad of hydraulic cylinders and systems increased by 11% to X units, rising for the second year in a row after two years of decline. Total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +6.8% 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 +44.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 29% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, hydraulic cylinder and system imports expanded remarkably to $X in 2022. Total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% 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 +37.6% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 29%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Germany (X units), distantly followed by Austria (X units), France (X units), Poland (X units), Italy (X units), Finland (X units), the Netherlands (X units), Sweden (X units) and the Czech Republic (X units) were the major importers of hydraulic cylinders and systems, together mixing up 87% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Finland (with a CAGR of +29.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported hydraulic cylinders and systems in the European Union, comprising 28% of total imports. The second position in the ranking was held by France ($X), with a 14% share of total imports. It was followed by Austria, with an 11% share.

In Germany, hydraulic cylinder and system imports expanded at an average annual rate of +2.6% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: France (+13.4% per year) and Austria (+6.0% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, with a decrease of -2% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 8.9% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per unit), while Finland (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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