Overview of the Global Market for Hydraulic Cylinders And Systems

Market Size for Hydraulic Cylinders And Systems

The global hydraulic cylinder and system market expanded notably to $X in 2022, increasing by 13% against the previous year. In general, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +85.3% against 2012 indices. Over the period under review, the global market reached the peak level in 2022 and is likely to see gradual growth in years to come.

Production of Hydraulic Cylinders And Systems

In value terms, hydraulic cylinder and system production expanded slightly to $X in 2022 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.5% against 2020 indices. The growth pace was the most rapid in 2017 when the production volume increased by 13% against the previous year. Global production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Hydraulic Cylinders And Systems

Exports

In 2022, approx. X units of hydraulic cylinders and systems were exported worldwide; almost unchanged from 2021. Over the period under review, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2021 when exports increased by 37%. As a result, the exports attained the peak of X units, leveling off in the following year.

In value terms, hydraulic cylinder and system exports totaled $X in 2022. In general, total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 23%. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, China (X units) was the largest exporter of hydraulic cylinders and systems, generating 33% of total exports. Germany (X units) took the second position in the ranking, followed by the United States (X units), South Korea (X units) and Bulgaria (X units). All these countries together held near 29% share of total exports. The following exporters - Japan (X units), Ireland (X units), Italy (X units), the Netherlands (X units), Canada (X units), Turkey (X units), Poland (X units) and Austria (X units) - together made up 23% of total exports.

China was also the fastest-growing in terms of the hydraulic cylinders and systems exports, with a CAGR of +30.4% from 2012 to 2022. At the same time, Poland (+12.3%), Turkey (+8.5%), South Korea (+7.0%), the Netherlands (+6.9%), Italy (+6.7%), the United States (+6.3%), Austria (+5.2%), Bulgaria (+5.1%), Ireland (+4.7%), Canada (+4.5%) and Germany (+1.9%) displayed positive paces of growth. By contrast, Japan (-2.4%) illustrated a downward trend over the same period. While the share of China (+29 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Germany (-6.8 p.p.) and Japan (-6.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest hydraulic cylinder and system supplying countries worldwide were the United States ($X), China ($X) and Germany ($X), together accounting for 45% of global exports.

In terms of the main exporting countries, China, with a CAGR of +13.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average hydraulic cylinder and system export price amounted to $X per unit, with an increase of 6.4% against the previous year. Over the period under review, the export price, however, saw a pronounced decline. The global export price peaked at $X per unit in 2013; however, from 2014 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 the United States ($X per unit), while China (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+4.7%), while the other global leaders experienced more modest paces of growth.

Imports of Hydraulic Cylinders And Systems

Imports

In 2022, approx. X units of hydraulic cylinders and systems were imported worldwide; growing by 10% on 2021. Overall, total imports indicated a prominent 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 +43.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 30%. Over the period under review, global imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, hydraulic cylinder and system imports totaled $X in 2022. Over the period under review, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +36.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. Over the period under review, global imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X units), distantly followed by Germany (X units), Brazil (X units), Japan (X units), Russia (X units) and Canada (X units) were the major importers of hydraulic cylinders and systems, together constituting 49% of total imports. Austria (X units), China (X units), the UK (X units), France (X units), Poland (X units), Italy (X units) and Australia (X units) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to hydraulic cylinder and system imports into the United States stood at +7.5%. At the same time, Poland (+15.8%), Italy (+12.2%), Canada (+11.7%), Austria (+8.7%), France (+8.7%), Japan (+7.5%), the UK (+6.8%), Brazil (+6.7%), Germany (+4.4%), Russia (+3.2%) and Australia (+1.9%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the world, with a CAGR of +15.8% from 2012-2022. By contrast, China (-1.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Canada and the United States increased by +1.8 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported hydraulic cylinders and systems worldwide, comprising 21% of global imports. The second position in the ranking was taken by Germany ($X), with a 7.7% share of global imports. It was followed by China, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +4.7%. In the other countries, the average annual rates were as follows: Germany (+2.6% per year) and China (-2.9% per year).

Import Prices by Country

In 2022, the average hydraulic cylinder and system import price amounted to $X per unit, with an increase of 2.1% against the previous year. Overall, the import price, however, continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 7.6% against the previous year. Global import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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