Overview of the Global Market for Hydraulic Cylinders And Systems

Market Size for Hydraulic Cylinders And Systems

In 2023, the global hydraulic cylinder and system market decreased by X% to $X, falling for the third consecutive year after six years of growth. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Production of Hydraulic Cylinders And Systems

In value terms, hydraulic cylinder and system production rose modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of X%. Global production peaked at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Exports of Hydraulic Cylinders And Systems

Exports

After two years of growth, overseas shipments of hydraulic cylinders and systems decreased by X% to X units in 2023. Overall, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of X units, and then declined in the following year.

In value terms, hydraulic cylinder and system exports amounted to $X in 2023. Over the period under review, total exports indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the global exports attained the peak figure in 2023 and are likely to see steady growth in years to come.

Exports by Country

China dominates exports structure, resulting at X units, which was near X% of total exports in 2023. Germany (X units) held the second position in the ranking, followed by the United States (X units) and South Korea (X units). All these countries together held near X% share of total exports. Ireland (X units), Bulgaria (X units), Japan (X units) and Italy (X units) took a minor share 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 2023. At the same time, the United States (X%), South Korea (X%), Ireland (X%), Bulgaria (X%), Italy (X%) and Germany (X%) displayed positive paces of growth. By contrast, Japan (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), Germany ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of global exports.

China, with a CAGR of X%, recorded 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 2023, the average hydraulic cylinder and system export price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price, however, showed a drastic downturn. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per unit), while China ($X per unit) was amongst the lowest.

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

Imports of Hydraulic Cylinders And Systems

Imports

After seven years of growth, purchases abroad of hydraulic cylinders and systems decreased by X% to X units in 2023. Overall, imports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, global imports reached the peak figure at X units in 2022, and then declined in the following year.

In value terms, hydraulic cylinder and system imports rose rapidly to $X in 2023. In general, total imports indicated a strong increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Global imports peaked in 2023 and are expected to retain growth in the near future.

Imports by Country

The United States was the major importing country with an import of about X units, which recorded X% of total imports. China (X units) ranks second in terms of the total imports with a X% share, followed by Russia (X%) and Germany (X%). Japan (X units), Brazil (X units), Austria (X units), France (X units), the UK (X units), the Netherlands (X units) and South Korea (X units) followed a long way behind the leaders.

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 2023. At the same time, South Korea (X%), Russia (X%), France (X%), China (X%), Japan (X%), Austria (X%), Germany (X%), the UK (X%), the Netherlands (X%) and Brazil (X%) displayed positive paces of growth. The United States (X p.p.) significantly strengthened its position in terms of the global imports, while the Netherlands, Germany and Brazil saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. 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 an X% share of global imports. It was followed by China, with a X% share.

In the United States, hydraulic cylinder and system imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Germany (X% per year) and China (X% per year).

Import Prices by Country

In 2023, the average hydraulic cylinder and system import price amounted to $X per unit, increasing by X% against the previous year. In general, the import price, however, recorded a pronounced reduction. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, 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.

Source: IndexBox Platform