France: Market for Hydraulic Cylinders And Systems 2024

Market Size for Hydraulic Cylinders And Systems in France

The French hydraulic cylinder and system market surged to $X in 2022, picking up by 190% against the previous year. In general, consumption continues to indicate a remarkable increase. 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 France

In value terms, hydraulic cylinder and system production expanded sharply to $X in 2022 estimated in export price. In general, production, however, recorded a drastic downturn. Hydraulic cylinder and system production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Hydraulic Cylinders And Systems

Exports from France

In 2022, shipments abroad of hydraulic cylinders and systems increased by 8.1% to X units for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2015 with an increase of 16% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, hydraulic cylinder and system exports expanded rapidly to $X in 2022. Over the period under review, exports, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2018 with an increase of 22%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X units), Germany (X units) and Australia (X units) were the main destinations of hydraulic cylinder and system exports from France, together comprising 41% of total exports. China, the United States, Italy, Sweden, Spain, Canada, Morocco, Brazil, Indonesia and Slovenia lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +95.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Germany ($X) and the United States ($X) were the largest markets for hydraulic cylinder and system exported from France worldwide, with a combined 60% share of total exports. China, Australia, Italy, Spain, Brazil, Sweden, Canada, Morocco, Indonesia and Slovenia lagged somewhat behind, together accounting for a further 22%.

Indonesia, with a CAGR of +77.8%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hydraulic cylinder and system export price stood at $X per unit in 2022, with a decrease of -2.1% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible increase. The most prominent rate of growth was recorded in 2019 an increase of 44% against the previous year. The export price peaked at $X per unit in 2021, and then reduced modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Slovenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hydraulic Cylinders And Systems

Imports into France

In 2022, overseas purchases of hydraulic cylinders and systems increased by 44% to X units, rising for the second consecutive year after two years of decline. Overall, imports recorded a prominent increase. The growth pace was the most rapid in 2018 with an increase of 73%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, hydraulic cylinder and system imports surged to $X in 2022. Over the period under review, imports showed strong growth. The pace of growth was the most pronounced in 2018 with an increase of 88%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X units) constituted the largest hydraulic cylinder and system supplier to France, accounting for a 44% share of total imports. Moreover, hydraulic cylinder and system imports from Germany exceeded the figures recorded by the second-largest supplier, Bulgaria (X units), fourfold. China (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +22.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+10.0% per year) and China (+49.7% per year).

In value terms, the largest hydraulic cylinder and system suppliers to France were the United States ($X), Germany ($X) and China ($X), with a combined 60% share of total imports.

China, with a CAGR of +46.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average hydraulic cylinder and system import price amounted to $X per unit, flattening at the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hydraulic cylinder and system import price decreased by -23.9% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the average import price increased by 60%. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Bulgaria (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 United States (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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