Portugal: Hydraulic Jack Market 2024

Hydraulic Jack Market Size in Portugal

In 2022, after four years of decline, there was significant growth in the Portuguese hydraulic jack market, when its value increased by 22% to $X. Overall, consumption saw a strong increase. Hydraulic jack consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Hydraulic Jack Exports

Exports from Portugal

In 2022, the amount of hydraulic jacks and hoists for raising vehicles exported from Portugal reduced to X units, which is down by -6% against the year before. In general, exports, however, showed a mild increase. The pace of growth appeared the most rapid in 2013 when exports increased by 125% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, hydraulic jack exports shrank slightly to $X in 2022. Overall, total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +12.1% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 86% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X units) was the main destination for hydraulic jack exports from Portugal, accounting for a 62% share of total exports. Moreover, hydraulic jack exports to Spain exceeded the volume sent to the second major destination, Angola (X units), threefold. The third position in this ranking was held by France (X units), with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain stood at +41.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-12.2% per year) and France (-10.8% per year).

In value terms, Spain ($X) remains the key foreign market for hydraulic jacks and hoists for raising vehicles exports from Portugal, comprising 48% of total exports. The second position in the ranking was taken by Brazil ($X), with a 21% share of total exports. It was followed by Angola, with a 16% share.

From 2012 to 2022, the average annual growth rate of value to Spain amounted to +51.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+25.8% per year) and Angola (-9.8% per year).

Export Prices by Country

In 2022, the average hydraulic jack export price amounted to $X per unit, growing by 4.9% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hydraulic jack export price decreased by -33.0% against 2016 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 66% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to Cabo Verde ($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 Brazil (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Hydraulic Jack Imports

Imports into Portugal

After four years of decline, purchases abroad of hydraulic jacks and hoists for raising vehicles increased by 10% to X units in 2022. In general, total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 38%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, hydraulic jack imports surged to $X in 2022. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by 35% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X units), China (X units) and the Netherlands (X units) were the main suppliers of hydraulic jack imports to Portugal, with a combined 61% share of total imports. France, Spain, Italy and Japan lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +35.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Spain ($X) and China ($X) constituted the largest hydraulic jack suppliers to Portugal, with a combined 72% share of total imports. The Netherlands, Italy, Germany and Japan lagged somewhat behind, together accounting for a further 21%.

Japan, with a CAGR of +31.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average hydraulic jack import price amounted to $X per unit, increasing by 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2013 an increase of 11% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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