Ireland: Jacks And Hoists Market 2024

Jacks And Hoists Market Size in Ireland

The Irish jacks and hoists market shrank dramatically to $X in 2022, waning by -34.8% 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, continues to indicate a buoyant expansion. Over the period under review, the market attained the peak level at $X in 2021, and then contracted rapidly in the following year.

Jacks And Hoists Exports

Exports from Ireland

In 2022, shipments abroad of jacks and hoists for raising vehicles decreased by 0% to X units, falling for the third year in a row after two years of growth. In general, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 258% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, jacks and hoists exports totaled $X in 2022. Overall, exports posted resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by 174%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

The UK (X units) was the main destination for jacks and hoists exports from Ireland, with a 55% share of total exports. Moreover, jacks and hoists exports to the UK exceeded the volume sent to the second major destination, Iceland (X units), twofold. The third position in this ranking was held by Australia (X units), with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK totaled +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (0.0% per year) and Australia (+555.7% per year).

It was followed by Iceland, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK totaled +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+454.7% per year) and Iceland (0.0% per year).

Export Prices by Country

In 2022, the average jacks and hoists export price amounted to $X per unit, standing approx. at the previous year. Over the period under review, the export price continues to indicate a mild slump. The pace of growth appeared the most rapid in 2020 an increase of 39% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Norway ($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 Japan (+35.8%), while the prices for the other major destinations experienced mixed trend patterns.

Jacks And Hoists Imports

Imports into Ireland

In 2022, the amount of jacks and hoists for raising vehicles imported into Ireland dropped rapidly to X units, with a decrease of -51.4% against 2021. In general, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 201% against the previous year. Imports peaked at X units in 2021, and then contracted markedly in the following year.

In value terms, jacks and hoists imports surged to $X in 2022. Over the period under review, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 109%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

China (X units), the UK (X units) and Germany (X units) were the main suppliers of jacks and hoists imports to Ireland, together accounting for 84% of total imports. France, Turkey, Norway and the United States lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +111.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the UK ($X) were the largest jacks and hoists suppliers to Ireland, with a combined 93% share of total imports. The United States, Norway, France and Turkey lagged somewhat behind, together accounting for a further 4.2%.

Among the main suppliers, Norway, with a CAGR of +114.0%, saw the highest growth rate of 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, jumping by 206% against the previous year. Overall, the import price enjoyed a buoyant expansion. 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 the United States ($X per unit), while the price for France ($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 United States (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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