South-Eastern Asia: Hydraulic Jack Market 2025

Hydraulic Jack Market Size in South-Eastern Asia

The Southeast Asian hydraulic jack market rose slightly to $X in 2022, with an increase of 2% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Hydraulic Jack Production in South-Eastern Asia

In value terms, hydraulic jack production rose sharply to $X in 2022 estimated in export price. In general, production continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by 3,349% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Hydraulic Jack Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of hydraulic jacks and hoists for raising vehicles increased by 18% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports posted a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 60%. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, hydraulic jack exports expanded remarkably to $X in 2022. In general, exports, however, saw a slight setback. The pace of growth was the most pronounced in 2017 when exports increased by 39% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Singapore was the main exporting country with an export of around X units, which accounted for 79% of total exports. It was distantly followed by Thailand (X units), committing a 16% share of total exports. Vietnam (X units) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to hydraulic jack exports from Singapore stood at +13.1%. At the same time, Vietnam (+25.2%) and Thailand (+12.4%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +25.2% from 2012-2022. Vietnam (+1.8 p.p.) and Singapore (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X), Thailand ($X) and Vietnam ($X) were the countries with the highest levels of exports in 2022, together comprising 81% of total exports.

In terms of the main exporting countries, Vietnam, with a CAGR of +27.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, falling by -8.2% against the previous year. Overall, the export price faced a deep downturn. The most prominent rate of growth was recorded in 2019 an increase of 24% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+1.8%), while the other leaders experienced a decline in the export price figures.

Hydraulic Jack Imports

Imports in South-Eastern Asia

In 2022, imports of hydraulic jacks and hoists for raising vehicles in South-Eastern Asia skyrocketed to X units, rising by 19% compared with the previous year's figure. The total import volume increased at an average annual rate of +4.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 24% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, hydraulic jack imports soared to $X in 2022. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Indonesia (X units), Thailand (X units), the Philippines (X units), Vietnam (X units) and Malaysia (X units) represented roughly 90% of total imports in 2022. It was distantly followed by Myanmar (X units), creating a 4.8% share of total imports. Cambodia (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Cambodia (with a CAGR of +26.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constitutes the largest market for imported hydraulic jacks and hoists for raising vehicles in South-Eastern Asia, comprising 41% of total imports. The second position in the ranking was held by Vietnam ($X), with a 16% share of total imports. It was followed by Thailand, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Indonesia totaled +7.7%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (+5.3% per year) and Thailand (-1.0% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, growing by 3.7% against the previous year. Over the period under review, the import price, however, recorded a noticeable decrease. The pace of growth was the most pronounced in 2018 when the import price increased by 42%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+2.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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