Hydraulic vehicle jacks and hoists market in Spain

Earlier Report Observations

The Spanish market for hydraulic vehicle jacks and hoists experienced considerable volatility between 2018 and 2024. Following relative stability in 2018 and 2019, with market volumes around 316–320 thousand units, a sharp contraction occurred in 2020, reducing the market size by nearly 24% to 244 thousand units.

The market recovered strongly in 2021, rising by 23% to 299 thousand units, but this was followed by another decline in 2022. A peak was reached in 2023 at 342 thousand units, before the market volume decreased again to 317 thousand units in 2024.

By 2024, Spain had established itself as one of the leading exporters of hydraulic jacks, highlighting the international activity of its producers. The domestic market featured a diversified offering from brands like Beta and Mega, with products conforming to European CE quality standards.

Production hydraulic vehicle jacks and hoists in Spain

In value, 2017-2020, K $ US

Spain's production of hydraulic vehicle jacks and hoists declined for the second consecutive year. In 2020, output was valued at 13 061 thousand US dollars, marking a 22.2% decrease compared to the previous year. Looking at the period from 2017 to 2020, production fell by 19.9%, which translates to an annualized decline of 7.1%. The peak value was recorded in 2018 at 18 568 thousand US dollars, with the largest year-over-year increase of 13.8% also occurring that year.

Annual dynamics of production in Spain in value, 2017-2020, K $ US

In kind, 2017-2020, K unit

Spain's production volume of hydraulic vehicle jacks and hoists declined for the third consecutive year. In 2020, 82.7 thousand units were produced, representing a significant drop of 18.2% from the previous year. Over the 2017-2020 period, production decreased by 24.9%, with a compound annual growth rate of -9.1%.

Annual dynamics of production in Spain in kind, 2017-2020, K unit

Exports hydraulic vehicle jacks and hoists from Spain

Exports in kind, K unit

After two years of growth, Spain's exports of hydraulic vehicle jacks and hoists declined in volume. In 2020, exports totaled 215.0 thousand units, showing a slight reduction of 2.1% compared to 2019. From 2017 to 2020, exports increased by 30.8%, with a compound annual growth rate of 9.4%. The highest volume was recorded in 2019 at 219.6 thousand units, which also saw the largest year-over-year increase of 24.5%.

Annual dynamics of product's exports from Spain in kind, 2017-2020, K unit

Between 2017 and 2020, France, Italy, and the United Kingdom were the main destinations for Spain's hydraulic vehicle jacks and hoists exports in volume terms. France accounted for 26.2% of exports, Italy for 15.5%, and the United Kingdom for 13.1%. Together, these three countries absorbed 54.8% of total exports.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Spain in kind, 2017-2020

Exports in value, K $ US

Following two years of growth, Spain's exports of hydraulic vehicle jacks and hoists declined in value. In 2020, exports stood at 16 629 thousand US dollars, reflecting a substantial decrease of 13.4% year-over-year. From 2017 to 2020, exports increased by 15.4%, equating to an annualized growth rate of 4.9%. The peak value was recorded in 2019 at 19 200 thousand US dollars, with the largest year-over-year increase of 21.2% also occurring that year.

Annual dynamics of product's exports from Spain in value, 2017-2020, K $ US

From 2017 to 2020, Spain's export portfolio for hydraulic vehicle jacks and hoists in value terms was quite diverse. The United Kingdom accounted for 22.3% of exports, France for 12.6%, and Portugal for 7.9%. Together, these three countries represented 42.8% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Spain in value, 2017-2020

Imports hydraulic vehicle jacks and hoists to Spain

Imports in kind, K unit

After two years of increase, Spain's imports of hydraulic vehicle jacks and hoists declined in volume. In 2020, imports totaled 376.5 thousand units, representing a solid drop of 14.1% compared to 2019. Between 2017 and 2020, imports increased by 5.2%, which translates to an annualized growth rate of 1.7%. The highest volume was recorded in 2019 at 438.0 thousand units, with the largest year-over-year increase of 13.2% also occurring that year.

Annual dynamics of product's imports to Spain in kind, 2017-2020, K unit

From 2017 to 2020, China remained the primary source for Spain's imports of hydraulic vehicle jacks and hoists in volume terms, accounting for 77.2% of total flows. The remaining volume was distributed across numerous other destinations.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Spain in kind, 2017-2020

Imports in value, K $ US

Following two years of growth, Spain's imports of hydraulic vehicle jacks and hoists declined in value. In 2020, imports amounted to 14 447 thousand US dollars, representing a 16.1% reduction from the previous year. Over the 2017-2020 period, imports increased by 11.2%, with a compound annual growth rate of 3.6%. The peak value was recorded in 2019 at 17 216 thousand US dollars, while the largest year-over-year increase of 20.4% occurred in 2018.

Annual dynamics of product's imports to Spain in value, 2017-2020, K $ US

Between 2017 and 2020, China, Italy, and Portugal formed the main group of sources for Spain's imports of hydraulic vehicle jacks and hoists in value terms. China accounted for 50.2% of imports, Italy for 14.0%, and Portugal for 7.7%. Together, these three countries represented 71.9% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Spain in value, 2017-2020