Spain: Jacks And Hoists Market 2024

Jacks And Hoists Market Size in Spain

In 2022, the Spanish jacks and hoists market increased by 11% to $X, rising for the second consecutive year after three years of decline. Overall, consumption, however, showed a perceptible decline. Jacks and hoists consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Jacks And Hoists Production in Spain

In value terms, jacks and hoists production reduced to $X in 2022 estimated in export price. Overall, production, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2013 with an increase of 27% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Jacks And Hoists Exports

Exports from Spain

In 2022, the amount of jacks and hoists for raising vehicles exported from Spain declined to X units, which is down by -8.7% against the previous year's figure. Overall, exports continue to indicate a perceptible decline. The growth pace was the most rapid in 2014 when exports increased by 54%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, jacks and hoists exports dropped to $X in 2022. In general, exports showed a perceptible slump. The most prominent rate of growth was recorded in 2013 with an increase of 57%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Czech Republic (X units), Germany (X units) and Slovakia (X units) were the main destinations of jacks and hoists exports from Spain, with a combined 86% share 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 Slovakia (with a CAGR of +82.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for jacks and hoists exported from Spain were the Czech Republic ($X), Germany ($X) and Slovakia ($X), with a combined 60% share of total exports.

Slovakia, with a CAGR of +85.9%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average jacks and hoists export price amounted to $X per unit, picking up by 2.6% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 68% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to the Czech Republic ($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 Sweden (+22.3%), while the prices for the other major destinations experienced more modest paces of growth.

Jacks And Hoists Imports

Imports into Spain

In 2022, purchases abroad of jacks and hoists for raising vehicles decreased by -5.6% to X units, falling for the fifth year in a row after six years of growth. Over the period under review, imports, however, showed a noticeable increase. The most prominent rate of growth was recorded in 2013 with an increase of 101% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, jacks and hoists imports expanded rapidly to $X in 2022. In general, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 81% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

Turkey (X units), China (X units) and France (X units) were the main suppliers of jacks and hoists imports to Spain, together comprising 72% of total imports. Germany, the United States, the Czech Republic, Japan and Serbia lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +27.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of jacks and hoists for raising vehicles to Spain, comprising 44% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by France, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.1% per year) and France (+19.3% per year).

Import Prices by Country

In 2022, the average jacks and hoists import price amounted to $X per unit, rising by 15% against the previous year. Overall, the import price showed buoyant growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 67% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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