EU: Jacks And Hoists Market 2024

Jacks And Hoists Market Size in the EU

The EU jacks and hoists market reduced to $X in 2022, declining by -5.6% against the previous year. Over the period under review, consumption, however, continues to indicate a perceptible slump. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Jacks And Hoists Production in the EU

In value terms, jacks and hoists production contracted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2018 with an increase of 171%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Jacks And Hoists Exports

Exports in the EU

In 2022, overseas shipments of jacks and hoists for raising vehicles decreased by -13.4% to X units, falling for the third year in a row after four years of growth. Overall, exports showed a slight decline. The most prominent rate of growth was recorded in 2016 when exports increased by 17%. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, jacks and hoists exports totaled $X in 2022. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 13% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

France represented the main exporter of jacks and hoists for raising vehicles in the European Union, with the volume of exports finishing at X units, which was approx. 34% of total exports in 2022. Spain (X units) took the second position in the ranking, followed by Germany (X units), the Czech Republic (X units), Italy (X units) and Poland (X units). All these countries together took near 55% share of total exports. The Netherlands (X units) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +12.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Italy ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 74% of total exports.

France, with a CAGR of +5.3%, 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 mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, surging by 17% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by 20%. Over the period under review, the export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 Germany ($X per unit), while Spain ($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 Czech Republic (+9.3%), while the other leaders experienced mixed trends in the export price figures.

Jacks And Hoists Imports

Imports in the EU

Jacks and hoists imports declined to X units in 2022, with a decrease of -10.5% compared with 2021. Overall, imports showed a pronounced reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 19% against the previous year. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, jacks and hoists imports dropped to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 16%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the four major importers of jacks and hoists for raising vehicles, namely Germany, France, Poland and the Czech Republic, represented more than half of total import. Italy (X units) ranks next in terms of the total imports with a 6.1% share, followed by Spain (5.5%). The following importers - the Netherlands (X units), Belgium (X units), Slovakia (X units), Romania (X units), Hungary (X units) and Austria (X units) - together made up 18% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main 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, Germany ($X), France ($X) and Poland ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 52% of total imports. Italy, the Netherlands, Spain, Austria, the Czech Republic, Belgium, Romania, Hungary and Slovakia lagged somewhat behind, together accounting for a further 37%.

Spain, with a CAGR of +12.4%, saw the highest rates of growth with regard to the value of imports, in terms of 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 the European Union stood at $X per unit in 2022, which is down by -1.8% against the previous year. Import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% 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 import price decreased by -4.2% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the import price increased by 13% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the import prices failed to regain momentum.

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 Austria ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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