Middle East: Hydraulic Jack Market 2024

Hydraulic Jack Market Size in the Middle East

The Middle Eastern hydraulic jack market stood at $X in 2023, picking up by X% against the previous year. Overall, consumption, however, continues to indicate a prominent expansion. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Hydraulic Jack Production in the Middle East

In value terms, hydraulic jack production expanded remarkably to $X in 2023 estimated in export price. Overall, production enjoyed prominent growth. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Hydraulic Jack Exports

Exports in the Middle East

In 2023, shipments abroad of hydraulic jacks and hoists for raising vehicles was finally on the rise to reach X units for the first time since 2019, thus ending a three-year declining trend. In general, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, the exports reached the peak of X units. From 2017 to 2023, the growth of the exports remained at a lower figure.

In value terms, hydraulic jack exports skyrocketed to $X in 2023. Over the period under review, exports saw a resilient increase. The growth pace was the most rapid in 2019 with an increase of X%. The level of export peaked in 2023 and is expected to retain growth in the near future.

Exports by Country

In 2023, Turkey (X units) represented the key exporter of hydraulic jacks and hoists for raising vehicles, achieving X% of total exports. It was distantly followed by the United Arab Emirates (X units), mixing up a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Turkey (with a CAGR of X%).

In value terms, Turkey ($X) remains the largest hydraulic jack supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

In Turkey, hydraulic jack exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2023, rising by X% against the previous year. Over the period under review, the export price posted a modest increase. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. The level of export peaked in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the United Arab Emirates totaled $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%).

Hydraulic Jack Imports

Imports in the Middle East

In 2023, imports of hydraulic jacks and hoists for raising vehicles in the Middle East shrank to X units, reducing by X% against the year before. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of X%. The volume of import peaked at X units in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, hydraulic jack imports rose sharply to $X in 2023. Over the period under review, imports saw a noticeable decrease. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2023, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates represented the key importer of hydraulic jacks and hoists for raising vehicles in the Middle East, with the volume of imports resulting at X units, which was near X% of total imports in 2023. Iran (X units) held the second position in the ranking, followed by Iraq (X units) and Israel (X units). All these countries together took approx. X% share of total imports. Jordan (X units), Yemen (X units) and Kuwait (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Yemen (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported hydraulic jacks and hoists for raising vehicles in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Israel ($X), with an X% share of total imports. It was followed by Iran, with a X% share.

In the United Arab Emirates, hydraulic jack imports plunged by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Israel (X% per year) and Iran (X% per year).

Import Prices by Country

In 2023, the import price in the Middle East amounted to $X per unit, growing by X% against the previous year. Overall, the import price, however, saw a noticeable downturn. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Jordan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform