EU: Hydraulic Jack Market 2024

Hydraulic Jack Market Size in the EU

In 2022, the EU hydraulic jack market increased by 12% to $X, rising for the sixth consecutive year after four years of decline. Overall, consumption recorded a modest increase. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Hydraulic Jack Production in the EU

In value terms, hydraulic jack production reduced to $X in 2022 estimated in export price. In general, production, however, recorded a slight curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Hydraulic Jack Exports

Exports in the EU

In 2022, shipments abroad of hydraulic jacks and hoists for raising vehicles decreased by -12% to X units, falling for the third consecutive year after three years of growth. Over the period under review, exports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 23% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, hydraulic jack exports fell modestly to $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 18%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

France was the key exporter of hydraulic jacks and hoists for raising vehicles in the European Union, with the volume of exports reaching X units, which was near 51% of total exports in 2022. It was distantly followed by the Netherlands (X units), Italy (X units) and Germany (X units), together generating a 27% share of total exports. Poland (X units), Austria (X units), Spain (X units), Belgium (X units), Romania (X units), Sweden (X units) and the Czech Republic (X units) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to hydraulic jack exports from France stood at +7.1%. At the same time, Romania (+46.4%), Austria (+16.3%), the Czech Republic (+9.8%), Germany (+9.8%), Sweden (+8.2%) and Italy (+4.9%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +46.4% from 2012-2022. Belgium experienced a relatively flat trend pattern. By contrast, Poland (-2.3%), Spain (-2.5%) and the Netherlands (-18.7%) illustrated a downward trend over the same period. While the share of France (+32 p.p.), Germany (+5.3 p.p.), Italy (+4.6 p.p.), Austria (+2.8 p.p.) and Romania (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Netherlands (-52.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest hydraulic jack supplying countries in the European Union were France ($X), Germany ($X) and Italy ($X), with a combined 68% share of total exports. The Netherlands, Poland, Austria, Romania, Spain, Sweden, Belgium and the Czech Republic lagged somewhat behind, together comprising a further 25%.

Austria, with a CAGR of +22.5%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, rising by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2014 an increase of 21% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per unit), while Belgium ($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 (+11.5%), while the other leaders experienced more modest paces of growth.

Hydraulic Jack Imports

Imports in the EU

Hydraulic jack imports fell to X units in 2022, which is down by -13.3% against 2021. Over the period under review, imports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 16%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, hydraulic jack imports reduced to $X in 2022. The total import value increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 31% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, Germany (X units) and France (X units) represented the main importers of hydraulic jacks and hoists for raising vehicles in the European Union, together amounting to near 39% of total imports. It was distantly followed by Poland (X units), the Netherlands (X units), Italy (X units) and Spain (X units), together achieving a 33% share of total imports. The following importers - Sweden (X units), Austria (X units), Belgium (X units), the Czech Republic (X units), Finland (X units), Romania (X units) and Denmark (X units) - together made up 20% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Poland (with a CAGR of +10.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hydraulic jack importing markets in the European Union were France ($X), Germany ($X) and Poland ($X), with a combined 50% share of total imports.

In terms of the main importing countries, Poland, with a CAGR of +12.5%, saw 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

The import price in the European Union stood at $X per unit in 2022, surging by 6.2% 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 2013 when the import price increased by 18% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+9.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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