Overview of the Global Market for Hydraulic Cylinders And Systems

Market Size for Hydraulic Cylinders And Systems

In 2022, the global hydraulic cylinder and system market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. The market 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 throughout the analyzed period. Global consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Hydraulic Cylinders And Systems

In value terms, hydraulic cylinder and system production stood at $X in 2022 estimated in export price. The total output 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 2017 with an increase of X%. Global production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Exports of Hydraulic Cylinders And Systems

Exports

In 2022, approx. X units of hydraulic cylinders and systems were exported worldwide; picking up by X% on 2021. Overall, exports enjoyed a prominent increase. The growth pace was the most rapid in 2021 when exports increased by X%. The global exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, hydraulic cylinder and system exports expanded sharply to $X in 2022. In general, total exports indicated buoyant growth 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 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the global exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

China represented the main exporting country with an export of about X units, which resulted at X% of total exports. It was distantly followed by the United States (X units), Germany (X units), South Korea (X units), Ireland (X units) and Bulgaria (X units), together making up a X% share of total exports. The following exporters - Japan (X units), Italy (X units), Canada (X units), Turkey (X units), Poland (X units), the Netherlands (X units) and Austria (X units) - together made up X% of total exports.

China was also the fastest-growing in terms of the hydraulic cylinders and systems exports, with a CAGR of X% from 2012 to 2022. At the same time, Poland (X%), the United States (X%), Ireland (X%), South Korea (X%), Turkey (X%), Bulgaria (X%), Italy (X%), the Netherlands (X%), Austria (X%), Canada (X%) and Germany (X%) displayed positive paces of growth. By contrast, Japan (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the global exports, while Japan and Germany saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest hydraulic cylinder and system supplying countries worldwide were the United States ($X), China ($X) and Germany ($X), with a combined X% share of global exports.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average hydraulic cylinder and system export price amounted to $X per unit, waning by X% against the previous year. In general, the export price showed a noticeable downturn. The growth pace was the most rapid in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

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 Canada ($X per unit), while Ireland ($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 Netherlands (X%), while the other global leaders experienced more modest paces of growth.

Imports of Hydraulic Cylinders And Systems

Imports

In 2022, global hydraulic cylinder and system imports was estimated at X units, surging by X% on 2021. Overall, imports enjoyed prominent growth. The growth pace was the most rapid in 2021 with an increase of X%. Global imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, hydraulic cylinder and system imports soared to $X in 2022. In general, total imports indicated noticeable growth 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Global imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

The United States was the main importer of hydraulic cylinders and systems in the world, with the volume of imports accounting for X units, which was near X% of total imports in 2022. Russia (X units) ranks second in terms of the total imports with a X% share, followed by Germany (X%), Brazil (X%) and Japan (X%). The following importers - China (X units), Austria (X units), the UK (X units), South Korea (X units), the Netherlands (X units), France (X units), Canada (X units) and Poland (X units) - together made up X% of total imports.

The United States was also the fastest-growing in terms of the hydraulic cylinders and systems imports, with a CAGR of X% from 2012 to 2022. At the same time, Poland (X%), South Korea (X%), the Netherlands (X%), Russia (X%), Austria (X%), France (X%), Japan (X%), the UK (X%), Brazil (X%), Germany (X%) and Canada (X%) displayed positive paces of growth. China experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United States increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported hydraulic cylinders and systems worldwide, comprising X% of global imports. The second position in the ranking was held by Germany ($X), with a X% share of global imports. It was followed by China, with a X% share.

In the United States, hydraulic cylinder and system imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (X% per year) and China (X% per year).

Import Prices by Country

The average hydraulic cylinder and system import price stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Global import price peaked 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 Canada ($X per unit), while the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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