Europe: Market for Hydraulic Cylinders And Systems 2024

Market Size for Hydraulic Cylinders And Systems in Europe

The Europe hydraulic cylinder and system market dropped modestly to $X in 2022, waning by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Hydraulic Cylinders And Systems in Europe

In value terms, hydraulic cylinder and system production reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Exports of Hydraulic Cylinders And Systems

Exports in Europe

In 2022, shipments abroad of hydraulic cylinders and systems increased by X% to X units, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, hydraulic cylinder and system exports reduced modestly to $X in 2022. Total exports indicated a tangible increase 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then declined in the following year.

Exports by Country

In 2022, Germany (X units), distantly followed by Ireland (X units), Bulgaria (X units), Italy (X units), Poland (X units), the Netherlands (X units) and Austria (X units) represented the key exporters of hydraulic cylinders and systems, together constituting X% of total exports. The following exporters - Russia (X units), Sweden (X units), Finland (X units), Belgium (X units), Romania (X units) and Belarus (X units) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Romania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest hydraulic cylinder and system supplier in Europe, comprising X% of total exports. The second position in the ranking was held by Bulgaria ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

In Germany, hydraulic cylinder and system exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bulgaria (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The export price in Europe stood at $X per unit in 2022, waning by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the export price increased by X%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 the Netherlands ($X per unit), while Ireland ($X per unit) was amongst the lowest.

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

Imports of Hydraulic Cylinders And Systems

Imports in Europe

In 2022, approx. X units of hydraulic cylinders and systems were imported in Europe; picking up by X% compared with 2021 figures. In general, imports posted a prominent increase. The growth pace was the most rapid in 2021 with an increase of X%. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, hydraulic cylinder and system imports expanded notably to $X in 2022. Total imports indicated a strong increase 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Russia (X units) and Germany (X units) represented roughly X% of total imports in 2022. Austria (X units) ranks next in terms of the total imports with a X% share, followed by the UK (X%), the Netherlands (X%), France (X%), Poland (X%) and Italy (X%). Finland (X units), Sweden (X units), Belgium (X units) and the Czech Republic (X units) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and Russia ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. France, Austria, the Netherlands, Italy, Belgium, Poland, Sweden, the Czech Republic and Finland lagged somewhat behind, together comprising a further X%.

France, 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

The import price in Europe stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the import price, however, showed a mild slump. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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