South-Eastern Asia: Jacks And Hoists Market 2024

Jacks And Hoists Market Size in South-Eastern Asia

The Southeast Asian jacks and hoists market contracted slightly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption saw a drastic downturn. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Jacks And Hoists Production in South-Eastern Asia

In value terms, jacks and hoists production contracted to $X in 2022 estimated in export price. Overall, production recorded a deep downturn. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Jacks And Hoists Exports

Exports in South-Eastern Asia

In 2022, after three years of growth, there was decline in overseas shipments of jacks and hoists for raising vehicles, when their volume decreased by X% to X units. Overall, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, jacks and hoists exports dropped to $X in 2022. In general, exports showed a mild slump. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Thailand was the main exporting country with an export of around X units, which recorded X% of total exports. Singapore (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (X%). Malaysia (X units) and Indonesia (X units) took a little share of total exports.

Thailand was also the fastest-growing in terms of the jacks and hoists for raising vehicles exports, with a CAGR of X% from 2012 to 2022. At the same time, Malaysia (X%) and Singapore (X%) displayed positive paces of growth. By contrast, Vietnam (X%) and Indonesia (X%) illustrated a downward trend over the same period. Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore, Indonesia and Vietnam saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X), Thailand ($X) and Vietnam ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Malaysia and Indonesia lagged somewhat behind, together comprising a further X%.

Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. The level of export peaked at $X per unit in 2013; however, from 2014 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 Vietnam ($X per unit), while Thailand ($X per unit) was amongst the lowest.

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

Jacks And Hoists Imports

Imports in South-Eastern Asia

For the third consecutive year, South-Eastern Asia recorded growth in supplies from abroad of jacks and hoists for raising vehicles, which increased by X% to X units in 2022. Total imports indicated a measured 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 2018 indices. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, jacks and hoists imports expanded rapidly to $X in 2022. Overall, imports, however, recorded a pronounced contraction. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X units) was the major importer of jacks and hoists for raising vehicles, comprising X% of total imports. Malaysia (X units) held the second position in the ranking, followed by Vietnam (X units), Indonesia (X units), Singapore (X units) and the Philippines (X units). All these countries together took near X% share of total imports.

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

In value terms, Singapore ($X), Thailand ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Vietnam, Malaysia and the Philippines lagged somewhat behind, together comprising a further X%.

Among the main importing countries, the Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price showed a abrupt curtailment. The growth pace was the most rapid in 2013 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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