Jacks and Hoists Market
Jacks and hoists market: get recently published statistics powered by an Ai-driven business intelligence platform. Datasets cover production, exports, market prices, consumption, market size, companies, imports, and trade. Here is a breakdown by region, including Russia, the U.K., Latin America, China, Africa, the Middle East, the U.S., and EU. Market insights and forecast to 2030 are also featured in the reports.
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Jacks and Hoists - World's Largest Markets
Rating | Country |
---|---|
1 | India |
2 | United States |
3 | China |
4 | Ethiopia |
5 | Brazil |
In value terms, India led the market, alone. The second position in the ranking was occupied by the United States. It was followed by China.
From 2018 to 2020, the average annual rate of growth in terms of value in India amounted to +2.6%. In the other countries, the average annual rates were as follows: the United States (-8.1% per year) and China (+0.2% per year).
Jacks And Hoists Prices
Lowest Prices - FOB - Top Exporters
COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
---|---|---|---|---|
USD per unit | ||||
South Korea | 14 | 17 | 7.9 | -24.7% |
Spain | 12 | 12 | 12 | 1.5% |
China | 13 | 13 | 13 | -0.8% |
Turkey | 14 | 14 | 16 | 5.9% |
Czech Republic | 14 | 16 | 16 | 8.1% |
India | 30 | 23 | 17 | -24.6% |
Mexico | 22 | 22 | 22 | -0.4% |
United States | 24 | 25 | 27 | 6.6% |
France | 40 | 36 | 31 | -12.1% |
Canada | 176 | 87 | 66 | -38.8% |
Germany | 123 | 120 | 102 | -9.1% |
Average | 25 | 25 | 24 | -2.0% |
There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Germany ($102 per unit), while South Korea ($7.9 per unit) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the Czech Republic, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
---|---|---|---|---|
USD per unit | ||||
Germany | 33 | 24 | 37 | 6.6% |
Canada | 24 | 27 | 34 | 18.8% |
France | 52 | 46 | 30 | -24.4% |
Mexico | 14 | 15 | 21 | 20.9% |
Poland | 18 | 20 | 19 | 4.9% |
United States | 17 | 17 | 17 | 0.3% |
Russia | 16 | 17 | 16 | -0.7% |
Turkey | 19 | 13 | 14 | -13.8% |
Czech Republic | 9.6 | 9.1 | 11 | 5.4% |
Brazil | 11 | 11 | 9 | -9.4% |
Japan | 10 | 8.7 | 8.5 | -9.7% |
El Salvador | 0.3 | 0.4 | 0.3 | -5.6% |
Paraguay | 0.2 | 0.1 | 0.1 | -9.6% |
Average | 21 | 21 | 21 | 0.9% |
Prices varied noticeably by the country of destination; the country with the highest price was Germany ($37 per unit), while Paraguay ($0.1 per unit) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Mexico, while the other global leaders experienced more modest paces of growth.
Jacks and Hoists - Top Importers
COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
---|---|---|---|---|
million USD | ||||
United States | 349 | 301 | 289 | -9.0% |
France | 29 | 29 | 72 | 58.2% |
Canada | 45 | 46 | 51 | 7.0% |
Germany | 86 | 73 | 49 | -24.4% |
Mexico | 33 | 34 | 24 | -14.2% |
In value terms, the United States ($289M) constitutes the largest market for imported jacks and hoists for raising vehicles worldwide, comprising 31% of global imports. The second position in the ranking was occupied by France ($72M), with a 7.9% share of global imports. It was followed by Canada, with a 5.6% share.
In the United States, jacks and hoists imports plunged by an average annual rate of -9.0% over the period from 2018-2020. The remaining importing countries recorded the following average annual rates of imports growth: France (+58.2% per year) and Canada (+7.0% per year).
Jacks and Hoists - Top Exporters
COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
---|---|---|---|---|
million USD | ||||
China | 318 | 287 | 292 | -4.3% |
Germany | 137 | 135 | 129 | -3.0% |
United States | 90 | 80 | 76 | -7.8% |
France | 83 | 87 | 74 | -5.7% |
Canada | 81 | 78 | 74 | -4.7% |
In value terms, China ($292M) remains the largest jacks and hoists supplier worldwide, comprising 32% of global exports. The second position in the ranking was occupied by Germany ($129M), with a 14% share of global exports. It was followed by the United States, with a 8.4% share.
In China, jacks and hoists exports shrank by an average annual rate of -4.3% over the period from 2018-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-3.0% per year) and the United States (-7.8% per year).
Jacks and Hoists - Market Forecast
Driven by rising demand for jacks and hoists worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Jacks and Hoists - Product Coverage
- HS 842549 - Jacks and hoists; (other than hydraulic), of a kind used for raising vehicles
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