Ireland: Hydraulic Jack Market 2024

Hydraulic Jack Market Size in Ireland

The Irish hydraulic jack market contracted sharply to $X in 2022, which is down by -32.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, posted prominent growth. As a result, consumption reached the peak level of $X, and then fell rapidly in the following year.

Hydraulic Jack Exports

Exports from Ireland

In 2022, overseas shipments of hydraulic jacks and hoists for raising vehicles increased by 45% to X units, rising for the second consecutive year after three years of decline. Overall, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2014 when exports increased by 236% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, hydraulic jack exports reached $X in 2022. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2014 with an increase of 217% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The UK (X units) was the main destination for hydraulic jack exports from Ireland, accounting for a 91% share of total exports. Moreover, hydraulic jack exports to the UK exceeded the volume sent to the second major destination, the Netherlands (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to +94.5%.

In value terms, the UK ($X) emerged as the key foreign market for hydraulic jacks and hoists for raising vehicles exports from Ireland, comprising 90% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 4.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK totaled +98.1%.

Export Prices by Country

In 2022, the average hydraulic jack export price amounted to $X per unit, reducing by -30.9% against the previous year. In general, the export price, however, showed a prominent increase. The growth pace was the most rapid in 2018 an increase of 79%. The export price peaked at $X per unit in 2021, and then dropped significantly in the following year.

There were significant differences in the average prices for the major foreign 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 the Netherlands stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+27.9%), while the prices for the other major destinations experienced more modest paces of growth.

Hydraulic Jack Imports

Imports into Ireland

In 2022, the amount of hydraulic jacks and hoists for raising vehicles imported into Ireland shrank sharply to X units, declining by -43.7% against 2021. Overall, imports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 96%. As a result, imports attained the peak of X units, and then shrank dramatically in the following year.

In value terms, hydraulic jack imports contracted to $X in 2022. Over the period under review, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 103%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of hydraulic jack to Ireland, accounting for a 63% share of total imports. Moreover, hydraulic jack imports from China exceeded the figures recorded by the second-largest supplier, France (X units), fivefold. The third position in this ranking was taken by the UK (X units), with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+3.3% per year) and the UK (-4.6% per year).

In value terms, China ($X) constituted the largest supplier of hydraulic jacks and hoists for raising vehicles to Ireland, comprising 59% of total imports. The second position in the ranking was held by the UK ($X), with a 17% share of total imports. It was followed by France, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+9.5% per year) and France (+5.9% per year).

Import Prices by Country

The average hydraulic jack import price stood at $X per unit in 2022, growing by 53% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.0% 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 +61.2% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 UK ($X per unit), while the price for Germany ($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 UK (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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