Germany: Market for Hydraulic Cylinders And Systems 2024

Market Size for Hydraulic Cylinders And Systems in Germany

The German hydraulic cylinder and system market amounted to $X in 2022, picking up by 12% against the previous year. Overall, consumption showed resilient growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Production of Hydraulic Cylinders And Systems in Germany

In value terms, hydraulic cylinder and system production reduced to $X in 2022 estimated in export price. In general, production, however, showed a slight curtailment. The pace of growth appeared the most rapid in 2018 when the production volume increased by 18% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Hydraulic Cylinders And Systems

Exports from Germany

In 2022, shipments abroad of hydraulic cylinders and systems increased by 3% to X units, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 when exports increased by 20% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, hydraulic cylinder and system exports stood at $X in 2022. The total export value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when exports increased by 25% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

France (X units), the United States (X units) and Sweden (X units) were the main destinations of hydraulic cylinder and system exports from Germany, with a combined 30% share of total exports. Austria, Poland, China, Belgium, the Czech Republic, the Netherlands, the UK, Italy, Indonesia and Turkey lagged somewhat behind, together accounting for a further 51%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +44.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hydraulic cylinder and system exported from Germany were the United States ($X), China ($X) and France ($X), with a combined 31% share of total exports. Austria, Sweden, the UK, the Netherlands, Belgium, Poland, Italy, the Czech Republic, Turkey and Indonesia lagged somewhat behind, together comprising a further 39%.

Indonesia, with a CAGR of +28.0%, recorded 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 -1.8% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 13%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Poland ($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 Netherlands (+8.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Hydraulic Cylinders And Systems

Imports into Germany

In 2022, purchases abroad of hydraulic cylinders and systems increased by 5.9% to X units, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated moderate growth from 2012 to 2022: its volume 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, imports increased by +26.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 19%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, hydraulic cylinder and system imports totaled $X in 2022. Overall, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% 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 +28.0% against 2020 indices. The pace of growth was the most pronounced in 2018 when imports increased by 32%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

Poland (X units), Italy (X units) and China (X units) were the main suppliers of hydraulic cylinder and system imports to Germany, together comprising 38% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +25.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Poland ($X) appeared to be the largest hydraulic cylinder and system suppliers to Germany, together accounting for 26% of total imports. China, Ireland, Austria, the Netherlands, Bulgaria, Turkey, the Czech Republic, Japan, South Korea and Russia lagged somewhat behind, together comprising a further 39%.

China, with a CAGR of +22.3%, recorded the highest growth rate of the value of imports, among 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, with an increase of 5.9% against the previous year. Overall, the import price, however, continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by 13%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for South Korea ($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 (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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