Report Update Nov 1, 2024

Saudi Arabia - Hydraulic Cylinders and Systems - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Market for Hydraulic Cylinders And Systems 2024

Market Size for Hydraulic Cylinders And Systems in Saudi Arabia

The Saudi hydraulic cylinder and system market rose notably to $X in 2022, with an increase of 11% against the previous year. Overall, consumption enjoyed a buoyant expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Hydraulic Cylinders And Systems in Saudi Arabia

In value terms, hydraulic cylinder and system production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 84% against the previous year. Hydraulic cylinder and system production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Hydraulic Cylinders And Systems

Exports from Saudi Arabia

In 2022, approx. X units of hydraulic cylinders and systems were exported from Saudi Arabia; with a decrease of -44.8% against the previous year. In general, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 857%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, hydraulic cylinder and system exports dropped dramatically to $X in 2022. Overall, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 657% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for hydraulic cylinder and system exports from Saudi Arabia, with a less than 0.1% share of total exports. Moreover, hydraulic cylinder and system exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X units), fourfold. The third position in this ranking was taken by the UK (X units), with less than 0.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to -13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+48.3% per year) and the UK (-5.9% per year).

In value terms, Germany ($X) remains the key foreign market for hydraulic cylinders and systems exports from Saudi Arabia, comprising 31% of total exports. The second position in the ranking was held by the UK ($X), with a 6.5% share of total exports. It was followed by the Netherlands, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at -17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-11.2% per year) and the Netherlands (+61.2% per year).

Export Prices by Country

In 2022, the average hydraulic cylinder and system export price amounted to $X per unit, surging by 12% against the previous year. In general, the export price showed a noticeable increase. The growth pace was the most rapid in 2018 an increase of 105% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to the Netherlands ($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 United States (+10.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Hydraulic Cylinders And Systems

Imports into Saudi Arabia

In 2022, approx. less than X units of hydraulic cylinders and systems were imported into Saudi Arabia; approximately reflecting 2021. In general, imports continue to indicate a relatively flat trend pattern.

In value terms, hydraulic cylinder and system imports expanded rapidly to $X in 2022. Overall, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -6.6% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 58% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

From 2012 to 2022, the average annual rate of growth in terms of volume from No country was relatively modest.

In value terms, the largest hydraulic cylinder and system suppliers to Saudi Arabia were the United States ($X), Germany ($X) and the United Arab Emirates ($X), together comprising 56% of total imports.

The United Arab Emirates, with a CAGR of +31.9%, 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.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hydraulic cylinders and systems in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 30% share of global consumption. These countries were followed by Japan, Pakistan, Indonesia, Mexico, Russia, Brazil, Bangladesh, Germany, the UK and France, which together accounted for a further 36%.

What are the largest producers of hydraulic cylinders and systems in the world?

China constituted the country with the largest volume of hydraulic cylinder and system production, comprising approx. 24% of total volume. Moreover, hydraulic cylinder and system production in China exceeded the figures recorded by the second-largest producer, India, threefold. The United States ranked third in terms of total production with a 4.3% share.

What are the leading importers of hydraulic cylinders and systems from Saudi Arabia?

In value terms, the largest markets for hydraulic cylinder and system exported from Saudi Arabia were Bahrain, Germany and Austria, together accounting for 56% of total exports.

What is the average export price for hydraulic cylinders and systems in Saudi Arabia?

In 2021, the average hydraulic cylinder and system export price amounted to $2,139 per unit, growing by 39% against the previous year.

This report provides an in-depth analysis of the market for hydraulic cylinder and system in Saudi Arabia. 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 28121130 - Hydraulic cylinders
Prodcom 28121630 - Hydraulic systems (power packs with actuators)

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
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