Germany: Hydraulic Jack Market 2024

Hydraulic Jack Market Size in Germany

In 2022, the German hydraulic jack market decreased by -3.1% to $X, falling for the fourth year in a row after three years of growth. Overall, consumption showed a mild descent. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Hydraulic Jack Production in Germany

In value terms, hydraulic jack production fell to $X in 2022 estimated in export price. Overall, production recorded a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of 7.6% against the previous year. Hydraulic jack production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Hydraulic Jack Exports

Exports from Germany

In 2022, approx. X units of hydraulic jacks and hoists for raising vehicles were exported from Germany; dropping by -2.8% against 2021. Over the period under review, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 33%. Over the period under review, the exports reached the maximum at X units in 2021, and then reduced modestly in the following year.

In value terms, hydraulic jack exports amounted to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 16%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Poland (X units), Austria (X units) and the United States (X units) were the main destinations of hydraulic jack exports from Germany, with a combined 51% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +34.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), France ($X) and Austria ($X) constituted the largest markets for hydraulic jack exported from Germany worldwide, together accounting for 32% of total exports. Switzerland, the UK, Poland, Italy, Spain, the Netherlands, Turkey, the Czech Republic, Hungary and Luxembourg lagged somewhat behind, together comprising a further 38%.

Italy, with a CAGR of +10.8%, recorded the highest growth rate of the value of exports, in terms of 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 jack export price stood at $X per unit in 2022, surging by 10% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt shrinkage. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Luxembourg ($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 Hungary (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.

Hydraulic Jack Imports

Imports into Germany

For the third year in a row, Germany recorded decline in purchases abroad of hydraulic jacks and hoists for raising vehicles, which decreased by -6.1% to X units in 2022. In general, imports showed a perceptible curtailment. The pace of growth was the most pronounced in 2019 with an increase of 21% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, hydraulic jack imports reduced modestly to $X in 2022. The total import value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 14% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of hydraulic jack to Germany, accounting for a 91% share of total imports. It was followed by Italy (X units), with a 2.2% share of total imports. The third position in this ranking was held by France (X units), with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.3% per year) and France (+0.2% per year).

In value terms, China ($X) constituted the largest supplier of hydraulic jacks and hoists for raising vehicles to Germany, comprising 63% of total imports. The second position in the ranking was taken by Italy ($X), with an 11% share of total imports. It was followed by France, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.8% per year) and France (+1.8% per year).

Import Prices by Country

In 2022, the average hydraulic jack import price amounted to $X per unit, growing by 5.6% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2022: its price 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, hydraulic jack import price increased by +12.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 24% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($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 (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :