South Africa: Hydraulic Jack Market 2024

Hydraulic Jack Market Size in South Africa

The South African hydraulic jack market declined to $X in 2022, reducing by X% against the previous year. Over the period under review, the total consumption 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, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Hydraulic Jack Production in South Africa

In value terms, hydraulic jack production reduced remarkably to $X in 2022 estimated in export price. In general, production, however, posted a noticeable increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Hydraulic Jack Exports

Exports from South Africa

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, faced a deep contraction. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, hydraulic jack exports skyrocketed to $X in 2022. Over the period under review, total exports indicated a notable 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, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 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

Zimbabwe (X units), Namibia (X units) and Zambia (X units) were the main destinations of hydraulic jack exports from South Africa, together comprising X% of total exports. Mozambique, Botswana, Australia, Swaziland, Tanzania, Lesotho, Switzerland, Democratic Republic of the Congo and Angola lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Namibia ($X) remains the key foreign market for hydraulic jacks and hoists for raising vehicles exports from South Africa, comprising X% of total exports. The second position in the ranking was held by Zimbabwe ($X), with a X% share of total exports. It was followed by Botswana, with an X% share.

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

Export Prices by Country

In 2022, the average hydraulic jack export price amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

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 Democratic Republic of the Congo ($X per unit), while the average price for exports to Switzerland ($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 Botswana (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hydraulic Jack Imports

Imports into South Africa

Hydraulic jack imports into South Africa reduced remarkably to X units in 2022, with a decrease of X% against the previous year. The total import 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 growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X units, and then reduced remarkably in the following year.

In value terms, hydraulic jack imports dropped modestly to $X in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of hydraulic jack to South Africa, with a X% share of total imports. It was followed by Taiwan (Chinese) (X units), with a X% share of total imports.

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

In value terms, China ($X) constituted the largest supplier of hydraulic jacks and hoists for raising vehicles to South Africa, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The average hydraulic jack import price stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the import price, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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