South Africa - Hydraulic Jacks And Hoists For Raising Vehicles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHydraulic Jack Price in South Africa - 2023
Contents:
- Hydraulic Jack Price in South Africa (CIF) - 2023
- Hydraulic Jack Price in South Africa (FOB) - 2022
- Hydraulic Jack Imports in South Africa
- Hydraulic Jack Exports in South Africa
Hydraulic Jack Price in South Africa (CIF) - 2023
In September 2023, the average hydraulic jack import price amounted to $33.1 per unit, falling by -4.2% against the previous month. In general, the import price, however, showed a prominent expansion. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 310% m-o-m. As a result, import price reached the peak level of $158 per unit. From March 2023 to September 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From September 2022 to September 2023, the rate of growth in terms of prices for China amounted to +6.8% per month.
Hydraulic Jack Price in South Africa (FOB) - 2022
In 2022, the average hydraulic jack export price amounted to $89 per unit, growing by 13% against the previous year. In general, the export price recorded a significant expansion. The most prominent rate of growth was recorded in 2016 an increase of 62% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($409 per unit), while the average price for exports to Switzerland ($10 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 Botswana (+38.7%), while the prices for the other major destinations experienced more modest paces of growth.
Hydraulic Jack Imports in South Africa
In 2022, approx. 406K units of hydraulic jacks and hoists for raising vehicles were imported into South Africa; falling by -15.6% on the year before. Overall, total imports indicated a slight increase from 2019 to 2022: its volume increased at an average annual rate of +1.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +31.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 56%. As a result, imports attained the peak of 481K units, and then reduced dramatically in the following year.
In value terms, hydraulic jack imports contracted to $9.9M in 2022. The total import value increased at an average annual rate of +2.4% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 28%. As a result, imports attained the peak of $10M, and then dropped in the following year.
| Import of Hydraulic Jack in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.6 | 4.3 | 7.2 | 7.4 | 9.7% |
| Others | 3.6 | 3.6 | 2.9 | 2.5 | -11.4% |
| Total | 9.2 | 7.9 | 10.1 | 9.9 | 2.5% |
Top Suppliers of Hydraulic Jack to South Africa in 2022:
- China (387.2K units)
Hydraulic Jack Exports in South Africa
Hydraulic jack exports from South Africa rose rapidly to 63K units in 2022, picking up by 9.3% compared with the previous year. The total export volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 9.3%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, hydraulic jack exports soared to $5.6M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.9% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Hydraulic Jack in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 511 | 1,428 | 1,850 | 2,316 | 65.5% |
| Zimbabwe | 367 | 401 | 486 | 672 | 22.3% |
| Botswana | 492 | 238 | 533 | 613 | 7.6% |
| Mozambique | 356 | 331 | 469 | 451 | 8.2% |
| Democratic Republic of the Congo | 103 | 99.4 | 86.3 | 408 | 58.2% |
| Zambia | 444 | 545 | 201 | 335 | -9.0% |
| Australia | 27.9 | 24.0 | 2.2 | 139 | 70.8% |
| Swaziland | 110 | 104 | 110 | 129 | 5.5% |
| Angola | 188 | 22.6 | 36.5 | 69.1 | -28.4% |
| Tanzania | 18.0 | 26.0 | 83.5 | 66.4 | 54.5% |
| Lesotho | 61.9 | 46.9 | 37.0 | 49.8 | -7.0% |
| Switzerland | N/A | N/A | N/A | 11.0 | 0% |
| Others | 1,114 | 871 | 671 | 354 | -31.8% |
| Total | 3,795 | 4,137 | 4,565 | 5,613 | 13.9% |
Top Export Markets for Hydraulic Jack from South Africa in 2022:
- Zimbabwe (15.5K units)
- Namibia (10.4K units)
- Zambia (9.8K units)
- Mozambique (8.9K units)
- Botswana (3.3K units)
- Australia (2.7K units)
- Swaziland (2.4K units)
- Tanzania (1.8K units)
- Lesotho (1.1K units)
- Switzerland (1.1K units)
- Angola (1.0K units)
- Democratic Republic of the Congo (1.0K units)
This report provides an in-depth analysis of the hydraulic jack market in South Africa. 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:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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
-
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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Hydraulic Jack imports reached a peak of 43K units in November 2023 but significantly declined in the following month. The value of hydraulic jack imports also reduced to $668K in December 2023.
270
In June 2023, the price of the Hydraulic Jack was $34.1 per unit (CIF, South Africa), experiencing a decrease of -24.6% compared to the previous month.
82
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.
124
Hydraulic Jack imports reached a peak of 43K units in November 2023 but significantly declined in the following month. The value of hydraulic jack imports also reduced to $668K in December 2023.
270
In June 2023, the price of the Hydraulic Jack was $34.1 per unit (CIF, South Africa), experiencing a decrease of -24.6% compared to the previous month.
82
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.
