China: Hydraulic Jack Market 2024

Hydraulic Jack Market Size in China

The Chinese hydraulic jack market rose significantly to $X in 2023, increasing by X% against the previous year. In general, consumption recorded resilient growth. Hydraulic jack consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Hydraulic Jack Production in China

In value terms, hydraulic jack production rose notably to $X in 2023 estimated in export price. Overall, the total production indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X; afterwards, it flattened through to 2023.

Hydraulic Jack Exports

Exports from China

In 2023, approx. X units of hydraulic jacks and hoists for raising vehicles were exported from China; remaining relatively unchanged against the previous year. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X units. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, hydraulic jack exports shrank to $X in 2023. Overall, total exports indicated a resilient expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at $X in 2022, and then fell in the following year.

Exports by Country

The United States (X units) was the main destination for hydraulic jack exports from China, accounting for a X% share of total exports. Moreover, hydraulic jack exports to the United States exceeded the volume sent to the second major destination, Russia (X units), threefold. The third position in this ranking was taken by Germany (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Germany (X% per year).

In value terms, the United States ($X) remains the key foreign market for hydraulic jacks and hoists for raising vehicles exports from China, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

From 2012 to 2023, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Russia (X% per year).

Export Prices by Country

In 2023, the average hydraulic jack export price amounted to $X per unit, shrinking by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The export price peaked at $X per unit in 2022, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hydraulic Jack Imports

Imports into China

Hydraulic jack imports into China soared to X units in 2023, growing by X% on 2022. Over the period under review, total imports indicated a modest increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of X units. From 2021 to 2023, the growth of imports failed to regain momentum.

In value terms, hydraulic jack imports stood at $X in 2023. Overall, imports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, the Netherlands (X units) constituted the largest hydraulic jack supplier to China, with a X% share of total imports. Moreover, hydraulic jack imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), sixfold. The third position in this ranking was taken by Japan (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Japan (X% per year).

In value terms, Germany ($X) constituted the largest supplier of hydraulic jacks and hoists for raising vehicles to China, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports. It was followed by Sweden, with an X% share.

From 2012 to 2023, the average annual growth rate of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Sweden (X% per year).

Import Prices by Country

The average hydraulic jack import price stood at $X per unit in 2023, growing by X% against the previous year. In general, the import price, however, showed a abrupt slump. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2015 to 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform