MENA: Hydraulic Jack Market 2024

Hydraulic Jack Market Size in MENA

In 2022, the MENA's hydraulic jack market decreased by X% to $X, falling for the fourth consecutive year after five years of growth. Over the period under review, consumption showed a noticeable decline. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Hydraulic Jack Production in MENA

In value terms, hydraulic jack production expanded modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a drastic downturn. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Hydraulic Jack Exports

Exports in MENA

Hydraulic jack exports surged to X units in 2022, rising by X% against 2021 figures. Overall, exports saw a strong expansion. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, hydraulic jack exports surged to $X in 2022. In general, exports continue to indicate a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X units) and Turkey (X units) prevails in exports structure, together achieving X% of total exports. The following exporters - Kuwait (X units) and Oman (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 leading exporting countries, was attained by Kuwait (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest hydraulic jack supplying countries in MENA were the United Arab Emirates ($X), Turkey ($X) and Kuwait ($X), with a combined X% share of total exports.

Among the main exporting countries, Kuwait, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, flattening at the previous year. Overall, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 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 Oman ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

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

Hydraulic Jack Imports

Imports in MENA

In 2022, overseas purchases of hydraulic jacks and hoists for raising vehicles increased by X% to X units, rising for the third year in a row after two years of decline. In general, imports recorded a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, hydraulic jack imports shrank to $X in 2022. Overall, imports, however, recorded a perceptible decline. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X units) and Iraq (X units) represented roughly X% of total imports in 2022. Kuwait (X units) held the next position in the ranking, followed by Libya (X units), Algeria (X units), Iran (X units), Yemen (X units) and Israel (X units). All these countries together took approx. X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Yemen (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported hydraulic jacks and hoists for raising vehicles in MENA, comprising X% of total imports. The second position in the ranking was taken by Israel ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates was relatively modest. In the other countries, the average annual rates were as follows: Israel (X% per year) and Kuwait (X% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, falling by X% against the previous year. In general, the import price showed a pronounced setback. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per unit), while Yemen ($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 United Arab Emirates (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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