Europe: Jacks And Hoists Market 2024

Jacks And Hoists Market Size in Europe

The Europe jacks and hoists market dropped slightly to $X in 2022, waning by -4.5% against the previous year. Over the period under review, consumption, however, showed a pronounced contraction. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Jacks And Hoists Production in Europe

In value terms, jacks and hoists production shrank to $X in 2022 estimated in export price. Overall, production, however, saw a noticeable contraction. The growth pace was the most rapid in 2018 with an increase of 54%. 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 Europe

In 2022, shipments abroad of jacks and hoists for raising vehicles decreased by -13.6% to X units, falling for the third year in a row after four years of growth. Overall, exports recorded a noticeable slump. The most prominent rate of growth was recorded in 2016 when exports increased by 15% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, jacks and hoists exports fell to $X in 2022. Over the period under review, exports showed a mild descent. The pace of growth appeared the most rapid in 2021 when exports increased by 13%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, France (X units) was the main exporter of jacks and hoists for raising vehicles, constituting 33% of total exports. Spain (X units) ranks second in terms of the total exports with a 17% share, followed by Germany (13%), the Czech Republic (11%) and Italy (8.6%). The following exporters - Poland (X units) and the Netherlands (X units) - each resulted at an 8.3% 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, the largest jacks and hoists supplying countries in Europe were Germany ($X), France ($X) and Italy ($X), together comprising 68% of total exports.

France, with a CAGR of +5.3%, saw the highest growth rate of 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 Europe amounted to $X per unit, increasing by 13% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by 19%. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 Europe

In 2022, the amount of jacks and hoists for raising vehicles imported in Europe fell to X units, declining by -9.7% against 2021. Over the period under review, imports saw a noticeable reduction. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, jacks and hoists imports declined to $X in 2022. Overall, imports showed a slight shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 12% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the six major importers of jacks and hoists for raising vehicles, namely Russia, Germany, France, Poland, the UK and the Czech Republic, represented more than two-thirds of total import. The following importers - Italy (X units), Spain (X units), the Netherlands (X units), Belgium (X units), Slovakia (X units), Romania (X units) and Hungary (X units) - together made up 20% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +9.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest jacks and hoists importing markets in Europe were Germany ($X), France ($X) and the UK ($X), with a combined 42% share of total imports. Poland, Russia, Italy, the Netherlands, Spain, the Czech Republic, Belgium, Romania, Hungary and Slovakia lagged somewhat behind, together accounting for a further 39%.

Spain, with a CAGR of +12.4%, recorded the highest growth rate of the value of imports, among 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

In 2022, the import price in Europe amounted to $X per unit, increasing by 4.6% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2019 when the import price increased by 14% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, 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 the Netherlands ($X per unit), while Slovakia ($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