Global Hydraulic Automatic Regulators Market 2024

Hydraulic Automatic Regulators Market Size

In 2021, the global hydraulic automatic regulators market increased by 2.9% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the global market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Hydraulic Automatic Regulators Production

In value terms, hydraulic automatic regulators production expanded slightly to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 22% against the previous year. Over the period under review, global production reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Hydraulic Automatic Regulators Exports

Exports

In 2021, overseas shipments of hydraulic or pneumatic automatic regulating instruments increased by 22% to X units for the first time since 2017, thus ending a three-year declining trend. Overall, total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 28%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the global exports remained at a somewhat lower figure.

In value terms, hydraulic automatic regulators exports soared to $X in 2021. The total export value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when exports increased by 20%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the global exports remained at a somewhat lower figure.

Exports by Country

In 2021, Germany (X units) was the main exporter of hydraulic or pneumatic automatic regulating instruments, constituting 64% of total exports. It was distantly followed by France (X units), mixing up an 18% share of total exports. The following exporters - South Korea (X units), Italy (X units), China (X units) and the Netherlands (X units) - together made up 11% of total exports.

From 2012 to 2021, average annual rates of growth with regard to hydraulic automatic regulators exports from Germany stood at +6.7%. At the same time, South Korea (+15.1%), France (+9.3%), the Netherlands (+7.1%) and China (+2.3%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in the world, with a CAGR of +15.1% from 2012-2021. Italy experienced a relatively flat trend pattern. From 2012 to 2021, the share of France, Germany and South Korea increased by +4.3, +3.5 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest hydraulic automatic regulators supplier worldwide, comprising 55% of global exports. The second position in the ranking was held by France ($X), with a 13% share of global exports. It was followed by China, with a 7% share.

In Germany, hydraulic automatic regulators exports expanded at an average annual rate of +4.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: France (+6.8% per year) and China (+3.7% per year).

Export Prices by Country

The average hydraulic automatic regulators export price stood at $X per unit in 2021, reducing by -2.2% against the previous year. Overall, the export price continues to indicate a noticeable slump. The growth pace was the most rapid in 2013 when the average export price increased by 4.4%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was China ($X per unit), while Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+5.3%), while the other global leaders experienced mixed trends in the export price figures.

Hydraulic Automatic Regulators Imports

Imports

In 2021, supplies from abroad of hydraulic or pneumatic automatic regulating instruments was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global imports peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, hydraulic automatic regulators imports surged to $X in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 19% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of global imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units), Turkey (X units), Spain (X units), Italy (X units), Indonesia (X units), Nigeria (X units), the UK (X units) and France (X units) was the key importer of hydraulic or pneumatic automatic regulating instruments in the world, mixing up 74% of total import. The following importers - the Netherlands (X units), Romania (X units) and Japan (X units) - each recorded an 8.4% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Nigeria (with a CAGR of +40.7%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X), Turkey ($X) and Italy ($X) were the countries with the highest levels of imports in 2021, together comprising 29% of global imports. Spain, France, the UK, Japan, the Netherlands, Indonesia, Romania and Nigeria lagged somewhat behind, together accounting for a further 23%.

Romania, with a CAGR of +24.6%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average hydraulic automatic regulators import price amounted to $X per unit, reducing by -7.5% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 16%. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then dropped in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+11.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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