Report Update Nov 1, 2024

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

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Saudi Arabia: Hydraulic Jack Market 2024

Hydraulic Jack Market Size in Saudi Arabia

The Saudi hydraulic jack market rose markedly to $X in 2022, picking up by 11% against the previous year. Over the period under review, consumption enjoyed a strong increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Hydraulic Jack Production in Saudi Arabia

In value terms, hydraulic jack production totaled $X in 2022 estimated in export price. In general, production recorded strong growth. The pace of growth appeared the most rapid in 2020 with an increase of 63% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Hydraulic Jack Exports

Exports from Saudi Arabia

Hydraulic jack exports from Saudi Arabia contracted to X units in 2022, waning by -7.7% against the previous year. In general, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2019 with an increase of 727% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, hydraulic jack exports expanded rapidly to $X in 2022. Overall, exports recorded a deep reduction. The pace of growth was the most pronounced in 2019 when exports increased by 525%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Switzerland (X units) was the main destination for hydraulic jack exports from Saudi Arabia, accounting for a 85% share of total exports. Moreover, hydraulic jack exports to Switzerland exceeded the volume sent to the second major destination, India (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Switzerland amounted to +17.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+3.9% per year) and Germany (-8.3% per year).

In value terms, Switzerland ($X) emerged as the key foreign market for hydraulic jacks and hoists for raising vehicles exports from Saudi Arabia, comprising 76% of total exports. The second position in the ranking was taken by Germany ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Switzerland totaled -10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+3.3% per year) and India (+49.8% per year).

Export Prices by Country

The average hydraulic jack export price stood at $X per unit in 2022, picking up by 23% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 131%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to India ($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 Kuwait (+78.6%), while the prices for the other major destinations experienced more modest paces of growth.

Hydraulic Jack Imports

Imports into Saudi Arabia

In value terms, hydraulic jack imports soared to $X in 2021. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 106% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In value terms, China ($X), the United States ($X) and Italy ($X) constituted the largest hydraulic jack suppliers to Saudi Arabia, with a combined 73% share of total imports. Germany, Japan, the United Arab Emirates and Romania lagged somewhat behind, together accounting for a further 16%.

Romania, with a CAGR of +57.2%, 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.

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 comprising 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, comprising approx. 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 importers of hydraulic jacks and hoists for raising vehicles from Saudi Arabia?

In value terms, the largest markets for hydraulic jack exported from Saudi Arabia were Spain, the United Arab Emirates and Italy, together comprising 56% of total exports. Yemen, Bahrain, Egypt and China lagged somewhat behind, together accounting for a further 17%.

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

In 2021, the average hydraulic jack export price amounted to $583 per unit, jumping by 91% against the previous year.

This report provides an in-depth analysis of the hydraulic jack market 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 28221350 - Hydraulic jacks and hoists for raising vehicles (excluding those for use in garages)

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