Hong Kong SAR, China: Jacks And Hoists Market 2025

Jacks And Hoists Market Size in Hong Kong SAR, China

The Hong Kong jacks and hoists market totaled $X in 2022, picking up by 9.3% against the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Jacks and hoists consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Jacks And Hoists Production in Hong Kong SAR, China

In value terms, jacks and hoists production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 35%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Jacks And Hoists Exports

Exports from Hong Kong SAR, China

After two years of decline, shipments abroad of jacks and hoists for raising vehicles increased by 5.2% to X units in 2022. In general, exports, however, showed a abrupt setback. The growth pace was the most rapid in 2014 when exports increased by 596%. Over the period under review, the exports reached the peak figure at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, jacks and hoists exports surged to $X in 2022. Overall, exports showed a buoyant expansion. The growth pace was the most rapid in 2015 with an increase of 754%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for jacks and hoists exports from Hong Kong SAR, with a 66% share of total exports. Moreover, jacks and hoists exports to Germany exceeded the volume sent to the second major destination, Vietnam (X units), threefold. China (X units) ranked third in terms of total exports with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +18.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-6.5% per year) and China (-13.7% per year).

In value terms, Vietnam ($X) remains the key foreign market for jacks and hoists for raising vehicles exports from Hong Kong SAR, comprising 71% of total exports. The second position in the ranking was held by Germany ($X), with a 26% share of total exports. It was followed by China, with a 1.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam totaled +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+78.2% per year) and China (-22.6% per year).

Export Prices by Country

The average jacks and hoists export price stood at $X per unit in 2022, rising by 153% against the previous year. In general, the export price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 an increase of 274%. The export price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to South Africa ($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 Nigeria (+224.2%), while the prices for the other major destinations experienced more modest paces of growth.

Jacks And Hoists Imports

Imports into Hong Kong SAR, China

Jacks and hoists imports into Hong Kong SAR skyrocketed to X units in 2022, picking up by 63% compared with 2021. In general, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 683%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, jacks and hoists imports soared to $X in 2022. Over the period under review, imports posted a resilient increase. The most prominent rate of growth was recorded in 2014 when imports increased by 1,757%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest jacks and hoists supplier to Hong Kong SAR, accounting for a 85% share of total imports. Moreover, jacks and hoists imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. The third position in this ranking was taken by Japan (X units), with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+59.6% per year) and Japan (+62.2% per year).

In value terms, the largest jacks and hoists suppliers to Hong Kong SAR were China ($X), Japan ($X) and Germany ($X), with a combined 83% share of total imports.

In terms of the main suppliers, Japan, with a CAGR of +84.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average jacks and hoists import price stood at $X per unit in 2022, growing by 11% against the previous year. In general, the import price posted a prominent increase. The pace of growth appeared the most rapid in 2014 an increase of 367%. The import price peaked at $X per unit in 2017; however, from 2018 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+37.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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