Africa: Hydraulic Jack Market 2024

Hydraulic Jack Market Size in Africa

The African hydraulic jack market declined to $X in 2022, remaining stable against the previous year. The total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Hydraulic Jack Production in Africa

In value terms, hydraulic jack production contracted to $X in 2022 estimated in export price. The total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Hydraulic Jack Exports

Exports in Africa

In 2022, overseas shipments of hydraulic jacks and hoists for raising vehicles increased by X% to X units, rising for the second year in a row after three years of decline. Overall, exports, however, saw a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, hydraulic jack exports stood at $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

South Africa dominates exports structure, amounting to X units, which was approx. X% of total exports in 2022. Morocco (X units), Tunisia (X units) and Burkina Faso (X units) followed a long way behind the leaders.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Burkina Faso (X%), Tunisia (X%) and Morocco (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. While the share of Morocco (X p.p.), Tunisia (X p.p.) and Burkina Faso (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest hydraulic jack supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Morocco ($X), with a X% share of total exports. It was followed by Tunisia, with a X% share.

In South Africa, hydraulic jack exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Morocco (X% per year) and Tunisia (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, growing by X% against the previous year. In general, the export price showed a strong expansion. The pace of growth was the most pronounced in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Morocco ($X per unit), while South Africa ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the export price figures.

Hydraulic Jack Imports

Imports in Africa

In 2022, supplies from abroad of hydraulic jacks and hoists for raising vehicles decreased by X% to X units, falling for the third year in a row after three years of growth. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, hydraulic jack imports plummeted to $X in 2022. Overall, imports showed a pronounced reduction. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

South Africa represented the major importing country with an import of around X units, which reached X% of total imports. Nigeria (X units) ranks second in terms of the total imports with an X% share, followed by Ghana (X%), Libya (X%) and Algeria (X%). The following importers - Sudan (X units), Guinea (X units), Egypt (X units), Morocco (X units), Tunisia (X units), Mozambique (X units), Democratic Republic of the Congo (X units) and Kenya (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to hydraulic jack imports into South Africa stood at X%. At the same time, Sudan (X%), Democratic Republic of the Congo (X%), Libya (X%), Guinea (X%), Ghana (X%), Mozambique (X%) and Kenya (X%) displayed positive paces of growth. Moreover, Sudan emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Tunisia experienced a relatively flat trend pattern. By contrast, Algeria (X%), Morocco (X%), Egypt (X%) and Nigeria (X%) illustrated a downward trend over the same period. While the share of Libya (X p.p.), South Africa (X p.p.), Ghana (X p.p.), Sudan (X p.p.), Guinea (X p.p.) and Democratic Republic of the Congo (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Algeria (X p.p.), Egypt (X p.p.) and Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest hydraulic jack importing markets in Africa were Nigeria ($X), South Africa ($X) and Egypt ($X), together comprising X% of total imports. Morocco, Algeria, Libya, Ghana, Tunisia, Sudan, Kenya, Mozambique, Democratic Republic of the Congo and Guinea lagged somewhat behind, together comprising a further X%.

Sudan, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per unit, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a noticeable reduction. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per unit), while Ghana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :