Romania: Hydraulic Jack Market 2024

Hydraulic Jack Market Size in Romania

The Romanian hydraulic jack market fell to $X in 2022, dropping by -6.3% against the previous year. Overall, consumption continues to indicate a perceptible decline. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Hydraulic Jack Production in Romania

In value terms, hydraulic jack production fell to $X in 2022 estimated in export price. Overall, production, however, enjoyed significant growth. The growth pace was the most rapid in 2013 with an increase of 8,319,510,800% against the previous year. Hydraulic jack production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Hydraulic Jack Exports

Exports from Romania

In 2022, after ten years of growth, there was significant decline in shipments abroad of hydraulic jacks and hoists for raising vehicles, when their volume decreased by -7.4% to X units. In general, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 177%. The exports peaked at X units in 2021, and then declined in the following year.

In value terms, hydraulic jack exports stood at $X in 2022. Over the period under review, exports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 142% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units), the Czech Republic (X units) and France (X units) were the main destinations of hydraulic jack exports from Romania, together accounting for 86% 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 the Czech Republic (with a CAGR of +332.7%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Czech Republic ($X) constituted the largest markets for hydraulic jack exported from Romania worldwide, together accounting for 86% of total exports.

Among the main countries of destination, the Czech Republic, with a CAGR of +320.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hydraulic jack export price stood at $X per unit in 2022, with an increase of 11% against the previous year. In general, the export price, however, recorded a sharp decrease. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Moldova ($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 the UK (+20.9%), while the prices for the other major destinations experienced a decline.

Hydraulic Jack Imports

Imports into Romania

In 2022, approx. X units of hydraulic jacks and hoists for raising vehicles were imported into Romania; declining by -2.7% on the previous year's figure. Over the period under review, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 30%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, hydraulic jack imports declined to $X in 2022. In general, imports recorded a noticeable descent. The most prominent rate of growth was recorded in 2019 when imports increased by 57% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Germany (X units) and Canada (X units) were the main suppliers of hydraulic jack imports to Romania, together comprising 76% of total imports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +225.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), France ($X) and China ($X) constituted the largest hydraulic jack suppliers to Romania, together comprising 67% of total imports. Germany, Italy, Canada, Hungary, Norway and Turkey lagged somewhat behind, together accounting for a further 25%.

In terms of the main suppliers, Canada, with a CAGR of +127.7%, recorded 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

In 2022, the average hydraulic jack import price amounted to $X per unit, dropping by -7.3% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% 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 +47.9% against 2018 indices. The pace of growth was the most pronounced in 2019 an increase of 59%. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then fell in the following year.

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 Norway ($X per unit), while the price for Canada ($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 (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :