Finland: Hydraulic Jack Market 2024

Hydraulic Jack Market Size in Finland

The Finnish hydraulic jack market shrank to $X in 2022, falling by X% against the previous year. Over the period under review, 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 increased by X% against 2020 indices. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Hydraulic Jack Production in Finland

In value terms, hydraulic jack production dropped to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Hydraulic Jack Exports

Exports from Finland

In 2022, overseas shipments of hydraulic jacks and hoists for raising vehicles increased by X% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, continue to indicate a noticeable descent. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, hydraulic jack exports plummeted to $X in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then contracted significantly in the following year.

Exports by Country

Estonia (X units) was the main destination for hydraulic jack exports from Finland, with a X% share of total exports. Moreover, hydraulic jack exports to Estonia exceeded the volume sent to the second major destination, Sweden (X units), twofold. Russia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Estonia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Russia (X% per year).

In value terms, Estonia ($X) remains the key foreign market for hydraulic jacks and hoists for raising vehicles exports from Finland, comprising X% of total exports. The second position in the ranking was taken by Sweden ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Estonia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Russia (X% per year).

Export Prices by Country

The average hydraulic jack export price stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the export price, however, continues to indicate a notable increase. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit, and then fell remarkably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Latvia ($X 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 Latvia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hydraulic Jack Imports

Imports into Finland

In 2022, purchases abroad of hydraulic jacks and hoists for raising vehicles increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, imports, however, continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, hydraulic jack imports fell rapidly to $X in 2022. Over the period under review, imports showed a moderate expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then dropped dramatically in the following year.

Imports by Country

In 2022, China (X units) constituted the largest hydraulic jack supplier to Finland, accounting for a X% share of total imports. Moreover, hydraulic jack imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), sevenfold. Sweden (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Sweden (X% per year).

In value terms, China ($X) constituted the largest supplier of hydraulic jacks and hoists for raising vehicles to Finland, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by the Netherlands, with an X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average hydraulic jack import price amounted to $X per unit, falling by X% against the previous year. Over the period under review, the import price, however, posted a prominent increase. The growth pace was the most rapid in 2016 an increase of X%. The import price peaked at $X per unit in 2021, and then contracted markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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