Report Update Nov 1, 2024

Peru - Hydraulic Jacks and Hoists for Raising Vehicles - Market Analysis, Forecast, Size, Trends and Insights

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Peru: Hydraulic Jack Market 2024

Hydraulic Jack Market Size in Peru

The Peruvian hydraulic jack market declined to $X in 2022, reducing by -13.4% 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). In general, consumption, however, enjoyed a resilient increase. Over the period under review, the market hit record highs at $X in 2021, and then reduced in the following year.

Hydraulic Jack Exports

Exports from Peru

In 2022, overseas shipments of hydraulic jacks and hoists for raising vehicles increased by 23% to X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of 3,926%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, hydraulic jack exports dropped significantly to $X in 2022. In general, exports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2015 when exports increased by 1,247% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Chile (X units), the United States (X units) and Bolivia (X units) were the main destinations of hydraulic jack exports from Peru, together accounting for 92% 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 Bolivia (with a CAGR of +17.5%), while the other leaders experienced a decline.

In value terms, Bolivia ($X) remains the key foreign market for hydraulic jacks and hoists for raising vehicles exports from Peru, comprising 52% of total exports. The second position in the ranking was held by the United States ($X), with a 21% share of total exports. It was followed by Chile, with a 17% share.

From 2012 to 2022, the average annual growth rate of value to Bolivia totaled +56.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-12.5% per year) and Chile (-15.3% per year).

Export Prices by Country

The average hydraulic jack export price stood at $X per unit in 2022, declining by -36.6% against the previous year. In general, the export price, however, showed a remarkable increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 132%. The export price peaked at $X per unit in 2021, and then declined sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per unit), while the average price for exports to Chile ($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 Bolivia (+33.6%), while the prices for the other major destinations experienced mixed trend patterns.

Hydraulic Jack Imports

Imports into Peru

In 2022, overseas purchases of hydraulic jacks and hoists for raising vehicles decreased by -15% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 45%. As a result, imports attained the peak of X units, and then shrank in the following year.

In value terms, hydraulic jack imports fell to $X in 2022. In general, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +14.8% against 2020 indices. The growth pace was the most rapid in 2013 when imports increased by 67% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, China (X units) was the main hydraulic jack supplier to Peru, with a 97% share of total imports. It was followed by Mexico (X units), with a 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at +14.3%.

In value terms, China ($X) constituted the largest supplier of hydraulic jacks and hoists for raising vehicles to Peru, comprising 57% of total imports. The second position in the ranking was taken by Mexico ($X), with a 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +7.9%.

Import Prices by Country

The average hydraulic jack import price stood at $X per unit in 2022, rising by 4.2% against the previous year. Overall, the import price, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2013 when the average import price increased by 32% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average 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 Mexico ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+3.8%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hydraulic jacks and hoists for raising vehicles in the world?

The countries with the highest volumes of in 2021 were China, the United States and Nigeria, together accounting for 44% of global consumption.

What are the largest producers of hydraulic jacks and hoists for raising vehicles in the world?

China constituted the country with the largest volume of hydraulic jack production, accounting for 65% of total volume. Moreover, hydraulic jack production in China exceeded the figures recorded by the second-largest producer, India, eightfold. Japan ranked third in terms of total production with a 4.2% share.

What are the leading suppliers of hydraulic jacks and hoists for raising vehicles to Peru?

In value terms, China constituted the largest supplier of hydraulic jack to Peru.

What are the leading importers of hydraulic jacks and hoists for raising vehicles from Peru?

In value terms, Panama remains the key foreign market for hydraulic jack exports from Peru.

What is the average export price for hydraulic jacks and hoists for raising vehicles in Peru?

The average hydraulic jack export price stood at $4.5 per unit in 2021, with a decrease of -10.2% against the previous year.

What is the average import price for hydraulic jacks and hoists for raising vehicles in Peru?

In 2021, the average hydraulic jack import price amounted to $22 per unit, rising by 16% against the previous year.

This report provides an in-depth analysis of the hydraulic jack market in Peru. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28221350 - Hydraulic jacks and hoists for raising vehicles (excluding those for use in garages)

Country coverage:

Peru

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Peru
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023