Mexico - Hydraulic Jacks And Hoists For Raising Vehicles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHydraulic Jack Price in Mexico - 2023
Contents:
- Hydraulic Jack Price in Mexico (CIF) - 2022
- Hydraulic Jack Price in Mexico (FOB) - 2023
- Hydraulic Jack Imports in Mexico
- Hydraulic Jack Exports in Mexico
Hydraulic Jack Price in Mexico (CIF) - 2022
In 2022, the average hydraulic jack import price amounted to $48 per unit, dropping by -40.4% against the previous year. In general, the import price, however, continues to indicate noticeable growth. The pace of growth was the most pronounced in 2015 when the average import price increased by 978% against the previous year. Over the period under review, average import prices hit record highs at $850 per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($58 per unit), while the price for China amounted to $43 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.1%).
Hydraulic Jack Price in Mexico (FOB) - 2023
In August 2023, the average hydraulic jack export price amounted to $26.2 per unit, waning by -95.7% against the previous month. In general, the export price saw a noticeable slump. The most prominent rate of growth was recorded in July 2023 an increase of 2,003% against the previous month. As a result, the export price attained the peak level of $608 per unit, and then shrank dramatically in the following month.
Average prices varied somewhat for the major export markets. In August 2023, the country with the highest price was Colombia ($30.5 per unit), while the average price for exports to El Salvador ($22.2 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+30.3%), while the prices for the other major destinations experienced more modest paces of growth.
Hydraulic Jack Imports in Mexico
For the fourth consecutive year, Mexico recorded growth in overseas purchases of hydraulic jacks and hoists for raising vehicles, which increased by 90% to 660K units in 2022. Over the period under review, imports showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 106% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, hydraulic jack imports expanded remarkably to $32M in 2022. The total import value increased at an average annual rate of +10.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 26% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Hydraulic Jack in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.9 | 15.2 | 23.0 | 25.7 | 17.4% |
| United States | 3.9 | 4.9 | 3.9 | 3.1 | -7.4% |
| Others | 3.4 | 2.1 | 1.0 | 3.0 | -4.1% |
| Total | 23.3 | 22.3 | 27.9 | 31.7 | 10.8% |
Top Suppliers of Hydraulic Jack to Mexico in 2022:
- China (602.4K units)
- United States (52.6K units)
Hydraulic Jack Exports in Mexico
In 2022, overseas shipments of hydraulic jacks and hoists for raising vehicles decreased by -33.1% to 32K units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 151%. Over the period under review, the exports hit record highs at 48K units in 2021, and then declined rapidly in the following year.
In value terms, hydraulic jack exports declined significantly to $1.1M in 2022. Over the period under review, exports showed a dramatic decrease. The growth pace was the most rapid in 2020 when exports increased by 78%. As a result, the exports reached the peak of $5M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Hydraulic Jack in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 304 | 248 | 426 | 343 | 4.1% |
| United States | 322 | 2,515 | 223 | 248 | -8.3% |
| Guatemala | 371 | 238 | 287 | 124 | -30.6% |
| Colombia | 188 | 267 | 257 | 112 | -15.9% |
| Honduras | 176 | 192 | 176 | 106 | -15.6% |
| Dominican Republic | 195 | 152 | N/A | 79.0 | -26.0% |
| Costa Rica | 65.5 | 87.6 | 49.3 | 45.2 | -11.6% |
| Peru | 731 | 903 | 46.9 | N/A | -74.7% |
| Others | 432 | 363 | 49.3 | 84.0 | -42.1% |
| Total | 2,783 | 4,967 | 1,514 | 1,140 | -25.7% |
Top Export Markets for Hydraulic Jack from Mexico in 2022:
- El Salvador (14.6K units)
- Colombia (4.6K units)
- Honduras (4.2K units)
- Guatemala (3.0K units)
- Dominican Republic (1.5K units)
- Costa Rica (1.4K units)
- United States (1.2K units)
This report provides an in-depth analysis of the hydraulic jack market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28221350 - Hydraulic jacks and hoists for raising vehicles (excluding those for use in garages)
Country coverage:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Imports of Jacks and Hoists reached its highest point at 839K units in June 2023. However, starting from July 2023 to October 2023, imports were unable to regain momentum. In terms of value, imports of Jacks and Hoists saw a significant expansion, totaling $3.6M in October 2023.
76
Global demand for hydraulic jacks and hoists for raising vehicles is expected to continue growing over the next seven years, with market performance forecasted to decelerate but still show positive growth. By 2030, the market volume is projected to reach 73M units with a value of $10.6B. China is the largest consumer and producer of hydraulic jacks, with the United States and India following closely behind. The United States is the largest importer and France is the largest exporter of hydraulic jacks. Overall, the market is expected to see steady growth in the coming years.
181
Imports of Jacks and Hoists reached its highest point at 839K units in June 2023. However, starting from July 2023 to October 2023, imports were unable to regain momentum. In terms of value, imports of Jacks and Hoists saw a significant expansion, totaling $3.6M in October 2023.
76
Global demand for hydraulic jacks and hoists for raising vehicles is expected to continue growing over the next seven years, with market performance forecasted to decelerate but still show positive growth. By 2030, the market volume is projected to reach 73M units with a value of $10.6B. China is the largest consumer and producer of hydraulic jacks, with the United States and India following closely behind. The United States is the largest importer and France is the largest exporter of hydraulic jacks. Overall, the market is expected to see steady growth in the coming years.
