Italy: Jacks And Hoists Market 2024

Jacks And Hoists Market Size in Italy

In 2022, the Italian jacks and hoists market increased by 18% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, recorded a slight downturn. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Jacks And Hoists Production in Italy

In value terms, jacks and hoists production fell rapidly to $X in 2022 estimated in export price. Overall, production, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 1,941% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Jacks And Hoists Exports

Exports from Italy

In 2022, shipments abroad of jacks and hoists for raising vehicles increased by 1.5% to X units, rising for the second year in a row after four years of decline. In general, total exports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +8.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.9% against 2020 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 103%. Over the period under review, the exports attained the maximum at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, jacks and hoists exports expanded notably to $X in 2022. Overall, total exports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.5% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 63% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X units), the Czech Republic (X units) and Mexico (X units) were the main destinations of jacks and hoists exports from Italy, together accounting for 45% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +70.9%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Germany ($X) and the UK ($X) appeared to be the largest markets for jacks and hoists exported from Italy worldwide, together comprising 37% of total exports.

The Czech Republic, with a CAGR of +38.5%, saw the highest rates of growth with regard to 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 jacks and hoists export price stood at $X per unit in 2022, surging by 13% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt descent. The growth pace was the most rapid in 2017 when the average export price increased by 24%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Mexico ($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 France (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.

Jacks And Hoists Imports

Imports into Italy

In 2022, imports of jacks and hoists for raising vehicles into Italy reduced to X units, falling by -10.8% on 2021 figures. In general, imports recorded a pronounced decline. The growth pace was the most rapid in 2021 with an increase of 84%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, jacks and hoists imports soared to $X in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), France (X units) and Germany (X units) were the main suppliers of jacks and hoists imports to Italy, with a combined 83% share of total imports. Turkey and Austria lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +37.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest jacks and hoists suppliers to Italy were Germany ($X), France ($X) and China ($X), with a combined 74% share of total imports. Austria and Turkey lagged somewhat behind, together accounting for a further 15%.

Austria, with a CAGR of +41.8%, saw 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

The average jacks and hoists import price stood at $X per unit in 2022, surging by 38% against the previous year. In general, the import price posted a prominent expansion. The pace of growth was the most pronounced in 2013 when the average import price increased by 76%. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a 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 ($X per unit), while the price for Turkey ($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 (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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