Middle East: Hydraulic Jack Market 2024

Hydraulic Jack Market Size in the Middle East

In 2022, the Middle Eastern hydraulic jack market decreased by X% to $X, falling for the fourth year in a row after five years of growth. Overall, consumption continues to indicate a noticeable decline. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Hydraulic Jack Production in the Middle East

In value terms, hydraulic jack production expanded to $X in 2022 estimated in export price. In general, production showed a abrupt decrease. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

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Hydraulic Jack Exports

Exports in the Middle East

In 2022, the amount of hydraulic jacks and hoists for raising vehicles exported in the Middle East skyrocketed to X units, jumping by X% on the previous year. Over the period under review, exports posted strong growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, hydraulic jack exports surged to $X in 2022. In general, exports showed a strong increase. As a result, the exports attained 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) dominates exports structure, together generating X% of total exports. Kuwait (X units) and Oman (X units) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key 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 the Middle East were the United Arab Emirates ($X), Turkey ($X) and Kuwait ($X), together comprising X% of total exports.

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

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, stabilizing at the previous year. Over the period under review, the export price showed a perceptible decline. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 the Middle East

In 2022, supplies from abroad of hydraulic jacks and hoists for raising vehicles increased by X% to X units, rising for the third consecutive year after six years of decline. Overall, imports showed a relatively flat trend pattern. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, hydraulic jack imports reduced to $X in 2022. Over the period under review, imports, however, continue to indicate a noticeable decline. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X units) and Iraq (X units) represented the largest importers of hydraulic jacks and hoists for raising vehicles in 2022, accounting for near X% and X% of total imports, respectively. Kuwait (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Iran (X%), Yemen (X%) and Israel (X%). Turkey (X units) followed a long way behind the leaders.

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

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

From 2012 to 2022, the average annual growth rate 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 the Middle East stood at $X per unit in 2022, dropping by X% against the previous year. In general, the import price recorded a perceptible decline. The growth pace was the most rapid in 2019 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per unit), while Yemen ($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 more modest paces of growth.

Source: IndexBox Platform

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