Switzerland: Hydraulic Jack Market 2024

Hydraulic Jack Market Size in Switzerland

The Swiss hydraulic jack market reduced modestly to $X in 2022, shrinking by -2.5% against the previous year. Over the period under review, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +17.5% against 2020 indices. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Hydraulic Jack Production in Switzerland

In value terms, hydraulic jack production dropped to $X in 2022 estimated in export price. In general, production, however, continues to indicate moderate growth. The pace of growth was the most pronounced in 2014 when the production volume increased by 799% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Hydraulic Jack Exports

Exports from Switzerland

In 2022, shipments abroad of hydraulic jacks and hoists for raising vehicles increased by 48% to X units, rising for the second year in a row after three years of decline. In general, exports continue to indicate a mild expansion. The growth pace was the most rapid in 2014 with an increase of 70% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, hydraulic jack exports amounted to $X in 2022. Overall, exports, however, saw a noticeable decline. The growth pace was the most rapid in 2021 with an increase of 66% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X units) was the main destination for hydraulic jack exports from Switzerland, accounting for a 41% share of total exports. Moreover, hydraulic jack exports to the UK exceeded the volume sent to the second major destination, Germany (X units), fourfold. Italy (X units) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to +63.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+9.9% per year) and Italy (+10.1% per year).

In value terms, the largest markets for hydraulic jack exported from Switzerland were Germany ($X), France ($X) and the UK ($X), with a combined 33% share of total exports. The United Arab Emirates, Italy, the United States, the Netherlands, Belgium, Ireland, Taiwan (Chinese), Brazil, South Korea and China lagged somewhat behind, together comprising a further 24%.

Ireland, with a CAGR of +105.5%, recorded the highest growth rate of 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 hydraulic jack export price amounted to $X per unit, shrinking by -32% against the previous year. In general, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the average export price increased by 74% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to China ($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 Ireland (+23.3%), while the prices for the other major destinations experienced a decline.

Hydraulic Jack Imports

Imports into Switzerland

In 2022, supplies from abroad of hydraulic jacks and hoists for raising vehicles decreased by -1.1% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.9% against 2018 indices. The pace of growth was the most pronounced in 2016 when imports increased by 25% against the previous year. Over the period under review, imports attained the maximum at X units in 2021, and then declined modestly in the following year.

In value terms, hydraulic jack imports totaled $X in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by 26% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of hydraulic jack to Switzerland, accounting for a 56% share of total imports. Moreover, hydraulic jack imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. Italy (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.4% per year) and Italy (+7.5% per year).

In value terms, Germany ($X) constituted the largest supplier of hydraulic jacks and hoists for raising vehicles to Switzerland, comprising 44% of total imports. The second position in the ranking was taken by Italy ($X), with a 15% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.1% per year) and China (+11.0% per year).

Import Prices by Country

The average hydraulic jack import price stood at $X per unit in 2022, picking up by 5.6% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by 6.4%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :