Report Update: Apr 1, 2024

China - Jacks And Hoists For Raising Vehicles - Market Analysis, Forecast, Size, Trends And Insights

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Jacks and Hoists Price in China - 2023

Jacks and Hoists Price in China (FOB) - 2023

In September 2023, the average jacks and hoists export price amounted to $16.6 per unit, dropping by -2.8% against the previous month. Overall, the export price saw a slight contraction. The growth pace was the most rapid in March 2023 an increase of 23% month-to-month. As a result, the export price attained the peak level of $22.2 per unit. From April 2023 to September 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Australia ($31.2 per unit), while the average price for exports to South Korea ($6.8 per unit) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

Jacks and Hoists Price in China (CIF) - 2022

The average jacks and hoists import price stood at $434 per unit in 2022, with an increase of 10% against the previous year. Overall, the import price recorded a strong expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 137% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,870 per unit), while the price for Canada ($56 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+33.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Jacks and Hoists Exports in China

Jacks and hoists exports from China dropped to 22M units in 2022, declining by -5.9% on the previous year. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 14%. As a result, the exports reached the peak of 23M units, and then declined in the following year.

In value terms, jacks and hoists exports rose slightly to $419M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +13.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 38% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Jacks and Hoists in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	150	162	222	217	13.1%
Canada	12.3	13.6	17.6	23.6	24.3%
Australia	12.7	15.3	20.5	23.6	22.9%
Germany	13.8	11.7	17.1	17.8	8.9%
Mexico	7.2	5.5	7.9	14.6	26.6%
Japan	10.9	9.1	11.6	9.9	-3.2%
Netherlands	4.6	5.7	7.5	7.0	15.0%
Russia	4.1	3.7	5.9	6.2	14.8%
South Korea	2.7	3.4	5.3	6.1	31.2%
Poland	3.8	4.8	6.0	5.7	14.5%
South Africa	4.5	2.6	4.6	4.8	2.2%
Brazil	4.2	2.7	2.4	4.4	1.6%
Others	55.9	51.2	74.0	78.7	12.1%
Total	287	292	402	419	13.4%

Top Export Markets for Jacks and Hoists from China in 2022:

United States (10.2M units)
Japan (1.3M units)
Mexico (1.2M units)
Germany (1.1M units)
Canada (0.8M units)
Australia (0.7M units)
South Korea (0.7M units)
Brazil (0.4M units)
Netherlands (0.4M units)
Russia (0.4M units)
Poland (0.3M units)
South Africa (0.3M units)

Jacks and Hoists Imports in China

In 2022, overseas purchases of jacks and hoists for raising vehicles decreased by -2% to 33K units, falling for the second consecutive year after two years of growth. In general, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by 49%. As a result, imports attained the peak of 82K units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, jacks and hoists imports totaled $14M in 2022. The total import value increased at an average annual rate of +14.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 42%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

Import of Jacks and Hoists in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	2.0	3.2	3.4	3.6	21.6%
United States	0.7	1.0	1.4	1.9	39.5%
Japan	1.9	3.1	1.5	1.7	-3.6%
Spain	1.1	1.7	1.8	1.6	13.3%
Bulgaria	N/A	N/A	N/A	1.1	0%
Czech Republic	N/A	N/A	N/A	0.3	0%
Taiwan (Chinese)	0.2	0.2	0.6	0.2	0.0%
South Korea	0.5	0.2	0.4	0.2	-26.3%
Canada	0.2	0.2	0.2	0.1	-20.6%
Others	3.1	3.8	3.7	3.6	5.1%
Total	9.6	13.6	13.2	14.2	13.9%

Top Suppliers of Jacks and Hoists to China in 2022:

Japan (5.4K units)
Spain (4.9K units)
Czech Republic (3.7K units)
United States (3.1K units)
Taiwan (Chinese) (2.8K units)
Bulgaria (2.8K units)
Canada (2.3K units)
South Korea (2.0K units)
Germany (1.9K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the jacks and hoists market in China. 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 28221370 - Jacks and hoists of a kind used for raising vehicles (excluding built-in jacking systems of a kind used in garages, hydraulic jacks and hoists)

Country coverage:

China

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in China
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023