Thailand - Hydraulic Jacks And Hoists For Raising Vehicles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHydraulic Jack Price in Thailand - 2023
Contents:
- Hydraulic Jack Price in Thailand (CIF) - 2023
- Hydraulic Jack Price in Thailand (FOB) - 2023
- Hydraulic Jack Imports in Thailand
- Hydraulic Jack Exports in Thailand
Hydraulic Jack Price in Thailand (CIF) - 2023
In September 2023, the average hydraulic jack import price amounted to $28.0 per unit, dropping by -31.6% against the previous month. Over the period under review, the import price showed a perceptible shrinkage. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 122% month-to-month. The import price peaked at $51.5 per unit in November 2022; however, from December 2022 to September 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was China ($31.3 per unit), while the price for Japan stood at $8.6 per unit.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Japan (+0.4%).
Hydraulic Jack Price in Thailand (FOB) - 2023
In September 2023, the average hydraulic jack export price amounted to $20.5 per unit, approximately equating the previous month. Overall, the export price showed a mild decrease. The pace of growth appeared the most rapid in November 2022 an increase of 102% month-to-month. The export price peaked at $29.9 per unit in June 2023; however, from July 2023 to September 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the Philippines ($52.1 per unit), while the average price for exports to Egypt ($11.7 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.
Hydraulic Jack Imports in Thailand
After three years of growth, purchases abroad of hydraulic jacks and hoists for raising vehicles decreased by -3.4% to 393K units in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 52%. Over the period under review, imports reached the peak figure at 407K units in 2021, and then reduced modestly in the following year.
In value terms, hydraulic jack imports declined notably to $16M in 2022. In general, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. As a result, imports attained the peak of $20M, and then contracted markedly in the following year.
Import of Hydraulic Jack in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 9.5 | 10.2 | 13.3 | 10.4 | 3.1% |
Japan | 1.6 | 2.0 | 1.8 | 1.4 | -4.4% |
Others | 8.3 | 4.1 | 4.7 | 4.4 | -19.1% |
Total | 19.4 | 16.4 | 19.7 | 16.2 | -5.8% |
Top Suppliers of Hydraulic Jack to Thailand in 2022:
- China (336.0K units)
- Japan (50.7K units)
Hydraulic Jack Exports in Thailand
In 2022, after three years of growth, there was significant decline in overseas shipments of hydraulic jacks and hoists for raising vehicles, when their volume decreased by -12.2% to 95K units. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 102% against the previous year. As a result, the exports reached the peak of 108K units, and then reduced in the following year.
In value terms, hydraulic jack exports reduced markedly to $7.5M in 2022. In general, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2021 when exports increased by 29%. Over the period under review, the exports reached the peak figure at $10M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Hydraulic Jack in Thailand (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Africa | 1,664 | 1,370 | 2,048 | 1,396 | -5.7% |
Indonesia | 1,839 | 843 | 1,328 | 1,116 | -15.3% |
Philippines | 833 | 790 | 951 | 1,086 | 9.2% |
India | 582 | 196 | 431 | 636 | 3.0% |
Malaysia | 701 | 321 | 489 | 464 | -12.9% |
Australia | 351 | 474 | 631 | 409 | 5.2% |
United States | 284 | 306 | 1,166 | 331 | 5.2% |
Vietnam | 699 | 466 | 351 | 285 | -25.8% |
Lao People's Democratic Republic | 388 | 235 | 191 | 239 | -14.9% |
Pakistan | 77.1 | 123 | 222 | 223 | 42.5% |
Egypt | 233 | 289 | 394 | 180 | -8.2% |
Ecuador | 111 | 43.5 | 66.3 | 100 | -3.4% |
Others | 2,655 | 1,828 | 1,149 | 992 | -28.0% |
Total | 10,417 | 7,284 | 9,418 | 7,458 | -10.5% |
Top Export Markets for Hydraulic Jack from Thailand in 2022:
- Philippines (26.8K units)
- South Africa (14.2K units)
- Indonesia (11.5K units)
- Vietnam (7.3K units)
- India (6.5K units)
- Malaysia (4.6K units)
- Egypt (4.0K units)
- Australia (2.8K units)
- Lao People's Democratic Republic (2.3K units)
- Ecuador (2.3K units)
- Pakistan (1.9K units)
- United States (1.9K units)
This report provides an in-depth analysis of the hydraulic jack market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28221350 - Hydraulic jacks and hoists for raising vehicles (excluding those for use in garages)
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In May 2023, the hydraulic jack price stood at $36.7 per unit (CIF, Thailand), which is down by -19.7% against the previous month.
Global demand for hydraulic jacks and hoists for raising vehicles is expected to continue growing over the next seven years, with market performance forecasted to decelerate but still show positive growth. By 2030, the market volume is projected to reach 73M units with a value of $10.6B. China is the largest consumer and producer of hydraulic jacks, with the United States and India following closely behind. The United States is the largest importer and France is the largest exporter of hydraulic jacks. Overall, the market is expected to see steady growth in the coming years.
In May 2023, the hydraulic jack price stood at $36.7 per unit (CIF, Thailand), which is down by -19.7% against the previous month.
Global demand for hydraulic jacks and hoists for raising vehicles is expected to continue growing over the next seven years, with market performance forecasted to decelerate but still show positive growth. By 2030, the market volume is projected to reach 73M units with a value of $10.6B. China is the largest consumer and producer of hydraulic jacks, with the United States and India following closely behind. The United States is the largest importer and France is the largest exporter of hydraulic jacks. Overall, the market is expected to see steady growth in the coming years.