United Arab Emirates: Hydraulic Jack Market 2024

Hydraulic Jack Market Size in the United Arab Emirates

The hydraulic jack market in the United Arab Emirates expanded significantly to $X in 2022, rising by 9.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a noticeable slump. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Hydraulic Jack Exports

Exports from the United Arab Emirates

In 2022, approx. X units of hydraulic jacks and hoists for raising vehicles were exported from the United Arab Emirates; rising by 97% on 2021 figures. Over the period under review, exports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 191%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, hydraulic jack exports skyrocketed to $X in 2022. In general, exports posted measured growth. The most prominent rate of growth was recorded in 2013 with an increase of 72% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa (X units), Switzerland (X units) and Egypt (X units) were the main destinations of hydraulic jack exports from the United Arab Emirates, with a combined 72% 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 South Africa (with a CAGR of +122.6%), while the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) remains the key foreign market for hydraulic jacks and hoists for raising vehicles exports from the United Arab Emirates, comprising 42% of total exports. The second position in the ranking was held by Egypt ($X), with a 17% share of total exports. It was followed by Germany, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value to Switzerland totaled +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+67.8% per year) and Germany (+47.5% per year).

Export Prices by Country

The average hydraulic jack export price stood at $X per unit in 2022, waning by -16.4% against the previous year. Overall, the export price, however, showed a strong increase. The pace of growth was the most pronounced in 2021 when the average export price increased by 85% against the previous year. As a result, the export price attained the peak level of $X per unit, and then dropped remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Burundi ($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 Democratic Republic of the Congo (+25.0%), while the prices for the other major destinations experienced more modest paces of growth.

Hydraulic Jack Imports

Imports into the United Arab Emirates

In 2022, purchases abroad of hydraulic jacks and hoists for raising vehicles increased by 11% to X units, rising for the second consecutive year after five years of decline. Over the period under review, imports, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 35% against the previous year. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, hydraulic jack imports expanded markedly to $X in 2022. In general, imports, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 61%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main supplier of hydraulic jack to the United Arab Emirates, accounting for a 92% share of total imports. It was followed by the UK (X units), with a 1.4% share of total imports. Spain (X units) ranked third in terms of total imports with a 0.9% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-16.8% per year) and Spain (-32.4% per year).

In value terms, China ($X) constituted the largest supplier of hydraulic jacks and hoists for raising vehicles to the United Arab Emirates, comprising 53% of total imports. The second position in the ranking was held by the UK ($X), with a 5.9% share of total imports. It was followed by Spain, with a 2.3% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-15.4% per year) and Spain (-8.6% per year).

Import Prices by Country

The average hydraulic jack import price stood at $X per unit in 2022, approximately mirroring the previous year. Over the period under review, the import price enjoyed temperate growth. The growth pace was the most rapid in 2019 when the average import price increased by 74%. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+35.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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