SADC: Hydraulic Jack Market 2024

Hydraulic Jack Market Size in SADC

In 2022, the SADC hydraulic jack market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Hydraulic Jack Production in SADC

In value terms, hydraulic jack production contracted slightly to $X in 2022 estimated in export price. The total production indicated a pronounced 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 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 SADC

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 two years of decline. Overall, exports, however, showed a deep downturn. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, hydraulic jack exports surged to $X in 2022. The total export value 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 in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

South Africa (X units) represented roughly X% of total exports in 2022.

South Africa was also the fastest-growing in terms of the hydraulic jacks and hoists for raising vehicles exports, with a CAGR of X% from 2012 to 2022. South Africa (X p.p.) significantly weakened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest hydraulic jack supplier in SADC.

In South Africa, hydraulic jack exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per unit, picking up by X% against the previous year. Overall, the export price posted a significant expansion. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to X% per year.

Hydraulic Jack Imports

Imports in SADC

Hydraulic jack imports dropped to X units in 2022, falling by X% on 2021. Total imports indicated a noticeable expansion from 2012 to 2022: its volume 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% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, hydraulic jack imports surged to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

South Africa prevails in imports structure, resulting at X units, which was approx. X% of total imports in 2022. Mozambique (X units) took the second position in the ranking, followed by Democratic Republic of the Congo (X units). All these countries together took approx. X% share of total imports. Angola (X units), Botswana (X units), Tanzania (X units) and Madagascar (X units) followed a long way behind the leaders.

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, Democratic Republic of the Congo (X%), Madagascar (X%), Botswana (X%), Mozambique (X%) and Tanzania (X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. Angola experienced a relatively flat trend pattern. While the share of Democratic Republic of the Congo (X p.p.), Mozambique (X p.p.) and Botswana (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Angola (X p.p.) and South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported hydraulic jacks and hoists for raising vehicles in SADC, comprising X% of total imports. The second position in the ranking was held by Madagascar ($X), with an X% share of total imports. It was followed by Angola, with a X% share.

In South Africa, hydraulic jack imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Madagascar (X% per year) and Angola (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per unit, surging by X% against the previous year. Overall, the import price, however, showed a perceptible slump. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 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 Madagascar ($X per unit), while South Africa ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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