France: Jacks And Hoists Market 2024

Jacks And Hoists Market Size in France

In 2022, the French jacks and hoists market increased by 27% to $X, rising for the third year in a row after two years of decline. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Jacks And Hoists Production in France

In value terms, jacks and hoists production expanded sharply to $X in 2022 estimated in export price. Over the period under review, the total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +27.0% against 2019 indices. The growth pace was the most rapid in 2017 when the production volume increased by 62% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Jacks And Hoists Exports

Exports from France

In 2022, overseas shipments of jacks and hoists for raising vehicles decreased by -30.2% to X units, falling for the third year in a row after four years of growth. Overall, exports, however, showed slight growth. The pace of growth was the most pronounced in 2016 with an increase of 39%. Over the period under review, the exports hit record highs 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 slightly to $X in 2022. Over the period under review, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +7.1% against 2020 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 30%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for jacks and hoists exports from France, with a 32% share of total exports. Moreover, jacks and hoists exports to Germany exceeded the volume sent to the second major destination, Portugal (X units), threefold. Brazil (X units) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+37.0% per year) and Brazil (+2.4% per year).

In value terms, Germany ($X), Italy ($X) and Spain ($X) appeared to be the largest markets for jacks and hoists exported from France worldwide, together accounting for 44% of total exports. The UK, the Netherlands, Belgium, Poland, the Czech Republic, Brazil, Austria, Denmark, Portugal and Morocco lagged somewhat behind, together accounting for a further 21%.

In terms of the main countries of destination, Portugal, with a CAGR of +18.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average jacks and hoists export price amounted to $X per unit, picking up by 38% against the previous year. In general, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% 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 export price increased by +84.2% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Portugal ($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 Austria (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Jacks And Hoists Imports

Imports into France

In 2022, approx. X units of jacks and hoists for raising vehicles were imported into France; remaining stable against 2021. Overall, imports, however, saw a deep setback. The growth pace was the most rapid in 2018 when imports increased by 49% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, jacks and hoists imports fell markedly to $X in 2022. In general, imports, however, continue to indicate a noticeable decrease. The pace of growth was the most pronounced in 2018 with an increase of 41%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Turkey (X units) and Italy (X units) were the main suppliers of jacks and hoists imports to France, with a combined 76% share of total imports. Germany, Spain, Belgium, Romania and Portugal lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +51.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Italy ($X) constituted the largest jacks and hoists suppliers to France, with a combined 49% share of total imports. Romania, Spain, Turkey, Belgium and Portugal lagged somewhat behind, together comprising a further 20%.

Romania, with a CAGR of +92.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average jacks and hoists import price amounted to $X per unit, waning by -45.7% against the previous year. Over the period under review, the import price, however, continues to indicate mild growth. The most prominent rate of growth was recorded in 2017 an increase of 66% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 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 Romania ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+26.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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