United Kingdom: Jacks And Hoists Market 2024

Jacks And Hoists Market Size in the UK

In 2022, the UK jacks and hoists market increased by 30% to $X, rising for the second year in a row after two years of decline. In general, consumption showed a pronounced slump. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Jacks And Hoists Production in the UK

In value terms, jacks and hoists production dropped to $X in 2022 estimated in export price. In general, production showed a deep contraction. The pace of growth was the most pronounced in 2015 with an increase of 40%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Jacks And Hoists Exports

Exports from the UK

In 2022, after two years of growth, there was significant decline in overseas shipments of jacks and hoists for raising vehicles, when their volume decreased by -16.8% to X units. Overall, exports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 79%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, jacks and hoists exports expanded to $X in 2022. Over the period under review, exports recorded a slight downturn. The growth pace was the most rapid in 2015 when exports increased by 44% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

France (X units) was the main destination for jacks and hoists exports from the UK, accounting for a 35% share of total exports. Moreover, jacks and hoists exports to France exceeded the volume sent to the second major destination, Ireland (X units), threefold. Germany (X units) ranked third in terms of total exports with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to +21.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+4.4% per year) and Germany (-7.2% per year).

In value terms, France ($X) emerged as the key foreign market for jacks and hoists for raising vehicles exports from the UK, comprising 19% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an 8.4% share of total exports. It was followed by Qatar, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value to France stood at +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+3.1% per year) and Qatar (+69.7% per year).

Export Prices by Country

The average jacks and hoists export price stood at $X per unit in 2022, with an increase of 23% against the previous year. Over the period under review, the export price, however, recorded a abrupt decrease. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Ireland ($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 Qatar (-0.5%), while the prices for the other major destinations experienced a decline.

Jacks And Hoists Imports

Imports into the UK

In 2022, approx. X units of jacks and hoists for raising vehicles were imported into the UK; which is down by -6.1% against the previous year. Overall, imports saw a abrupt setback. The growth pace was the most rapid in 2021 when imports increased by 58%. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, jacks and hoists imports soared to $X in 2022. In general, imports continue to indicate a slight decline. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), France (X units) and Germany (X units) were the main suppliers of jacks and hoists imports to the UK, together comprising 58% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +40.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest jacks and hoists suppliers to the UK were Germany ($X), France ($X) and China ($X), together comprising 63% of total imports.

France, with a CAGR of +4.9%, recorded the highest growth rate of 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.

Import Prices by Country

In 2022, the average jacks and hoists import price amounted to $X per unit, picking up by 57% against the previous year. In general, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+22.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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