Europe: Market for Hydraulic Cylinders And Systems 2024

Market Size for Hydraulic Cylinders And Systems in Europe

The Europe hydraulic cylinder and system market skyrocketed to $X in 2022, increasing by 19% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 -4.0% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Hydraulic Cylinders And Systems in Europe

In value terms, hydraulic cylinder and system production declined to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 13%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Hydraulic Cylinders And Systems

Exports in Europe

Hydraulic cylinder and system exports dropped to X units in 2022, with a decrease of -8.4% on the year before. The total export volume increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 27%. 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 slightly to $X in 2022. Total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 +11.9% against 2020 indices. The pace of growth was the most pronounced in 2018 when exports increased by 23%. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced slightly 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) represented the key exporters of hydraulic cylinders and systems, together mixing up 75% of total exports. Sweden (X units), Finland (X units), Romania (X units), Spain (X units), France (X units) and the UK (X units) followed a long way behind the leaders.

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, Romania (+45.9%), Poland (+12.3%), the Netherlands (+6.9%), Italy (+6.7%), Spain (+6.2%), Austria (+5.2%), Bulgaria (+5.1%), the UK (+4.8%), Ireland (+4.7%) and Finland (+1.4%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Europe, with a CAGR of +45.9% from 2012-2022. Sweden experienced a relatively flat trend pattern. By contrast, France (-6.3%) illustrated a downward trend over the same period. Poland (+3.3 p.p.), Italy (+2.6 p.p.), Romania (+2.4 p.p.), Bulgaria (+2.1 p.p.) and the Netherlands (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while Germany and France saw its share reduced by -3.4% and -3.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest hydraulic cylinder and system supplier in Europe, comprising 28% of total exports. The second position in the ranking was taken by the UK ($X), with a 10% share of total exports. It was followed by Bulgaria, with a 7.5% share.

In Germany, hydraulic cylinder and system exports increased at an average annual rate of +1.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the UK (+9.0% per year) and Bulgaria (+10.0% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per unit, increasing by 5.9% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the export price increased by 9.6%. Over the period under review, the export prices attained the peak figure 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 UK ($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 Europe

In 2022, the amount of hydraulic cylinders and systems imported in Europe expanded to X units, increasing by 2% on the year before. Total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.8% 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 +33.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 30%. The volume of import peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, hydraulic cylinder and system imports totaled $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +33.8% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 29%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X units), distantly followed by Russia (X units), Austria (X units), the UK (X units), France (X units), Poland (X units), Italy (X units), Finland (X units) and the Netherlands (X units) represented the main importers of hydraulic cylinders and systems, together achieving 79% of total imports. Sweden (X units), the Czech Republic (X units) and Belgium (X units) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +29.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and Russia ($X) were the countries with the highest levels of imports in 2022, with a combined 42% share of total imports. France, Austria, the Netherlands, Italy, Poland, Sweden, the Czech Republic, Belgium and Finland lagged somewhat behind, together accounting for a further 42%.

Among the main importing countries, France, with a CAGR of +13.4%, saw the highest rates of growth with regard to 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 Europe amounted to $X per unit, increasing by 4.5% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the import price increased by 9.1% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($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 more modest paces of growth.

Source: IndexBox Platform