United Kingdom: Market for Hydraulic Cylinders And Systems 2024

Market Size for Hydraulic Cylinders And Systems in the UK

The UK hydraulic cylinder and system market fell sharply to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption, however, showed noticeable growth. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Hydraulic Cylinders And Systems in the UK

In value terms, hydraulic cylinder and system production reached $X in 2022 estimated in export price. Overall, the total production indicated a perceptible 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 2018 with an increase of X%. Hydraulic cylinder and system production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Hydraulic Cylinders And Systems

Exports from the UK

Hydraulic cylinder and system exports from the UK skyrocketed to X units in 2022, increasing by X% against the previous year. Overall, total exports 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, exports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2018 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, hydraulic cylinder and system exports surged to $X in 2022. In general, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X units), China (X units) and India (X units) were the main destinations of hydraulic cylinder and system exports from the UK, with a combined X% share of total exports. The United States, Saudi Arabia, Ireland, the Netherlands, the United Arab Emirates, Brazil, Spain, Canada, Nicaragua and Norway lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for hydraulic cylinders and systems exports from the UK, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

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

Export Prices by Country

In 2022, the average hydraulic cylinder and system export price amounted to $X per unit, shrinking by X% against the previous year. In general, the export price, however, showed a tangible increase. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Nicaragua ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hydraulic Cylinders And Systems

Imports into the UK

In 2022, imports of hydraulic cylinders and systems into the UK dropped significantly to X units, waning by X% on the previous year's figure. In general, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, hydraulic cylinder and system imports rose rapidly to $X in 2022. Overall, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

India (X units), Italy (X units) and Japan (X units) were the main suppliers of hydraulic cylinder and system imports to the UK, together accounting for X% of total imports. Ireland, China, Germany, Romania, South Korea, Turkey, France, Poland, Sweden and the Czech Republic lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest hydraulic cylinder and system suppliers to the UK were Germany ($X), France ($X) and India ($X), together accounting for X% of total imports. Italy, Ireland, Japan, China, Sweden, Romania, the Czech Republic, Turkey, South Korea and Poland lagged somewhat behind, together accounting for a further X%.

The Czech Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average hydraulic cylinder and system import price amounted to $X per unit, rising by X% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price 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. The import price peaked at $X per unit in 2013; however, from 2014 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 France ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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