Hydraulic Press Market

The global hydraulic press market is projected to show a positive trend in the coming years, with growth in both volume and value. China dominates in consumption and production, while the United States leads in imports. Import and export prices have seen significant fluctuations over the years.

Market Forecast

Driven by increasing demand for hydraulic presses for working metal worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.4% for the period from 2022 to 2030, which is projected to bring the market volume to 1.1M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.7% for the period from 2022 to 2030, which is projected to bring the market value to $7B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Hydraulic Presses For Working Metal

In 2022, approx. 1.1M units of hydraulic presses for working metal were consumed worldwide; picking up by 27% compared with 2021. Overall, consumption continues to indicate buoyant growth. Global consumption peaked in 2022 and is expected to retain growth in the near future.

The global hydraulic press market revenue declined modestly to $4.5B in 2022, remaining relatively unchanged against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +7.8% against 2018 indices. Over the period under review, the global market attained the maximum level at $4.5B in 2021, and then declined in the following year.

Consumption By Country

The country with the largest volume of hydraulic press consumption was China (466K units), accounting for 44% of total volume. Moreover, hydraulic press consumption in China exceeded the figures recorded by the second-largest consumer, Finland (113K units), fourfold. The third position in this ranking was taken by India (57K units), with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume in China stood at +31.2%. In the other countries, the average annual rates were as follows: Finland (+46.7% per year) and India (+13.6% per year).

In value terms, the United States ($1.6B) led the market, alone. The second position in the ranking was held by China ($413M). It was followed by Finland.

From 2012 to 2022, the average annual growth rate of value in the United States stood at +3.7%. The remaining consuming countries recorded the following average annual rates of market growth: China (+31.2% per year) and Finland (+42.4% per year).

In 2022, the highest levels of hydraulic press per capita consumption was registered in Finland (20 units per 1000 persons), followed by Canada (0.4 units per 1000 persons), China (0.3 units per 1000 persons) and Japan (0.2 units per 1000 persons), while the world average per capita consumption of hydraulic press was estimated at less than 0.1 units per 1000 persons.

From 2012 to 2022, the average annual growth rate of the hydraulic press per capita consumption in Finland stood at +46.1%. In the other countries, the average annual rates were as follows: Canada (+4.1% per year) and China (+30.5% per year).

Production

World Production of Hydraulic Presses For Working Metal

After five years of growth, production of hydraulic presses for working metal decreased by -7.2% to 929K units in 2022. Overall, production, however, posted a prominent expansion. The pace of growth was the most pronounced in 2015 with an increase of 49% against the previous year. Over the period under review, global production hit record highs at 1M units in 2021, and then fell in the following year.

In value terms, hydraulic press production declined to $4.6B in 2022 estimated in export price. In general, production, however, recorded a resilient increase. The growth pace was the most rapid in 2015 when the production volume increased by 118% against the previous year. Over the period under review, global production reached the peak level at $6.1B in 2018; however, from 2019 to 2022, production failed to regain momentum.

Production By Country

The country with the largest volume of hydraulic press production was China (465K units), comprising approx. 50% of total volume. Moreover, hydraulic press production in China exceeded the figures recorded by the second-largest producer, Finland (112K units), fourfold. The third position in this ranking was held by India (72K units), with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume in China stood at +13.1%. In the other countries, the average annual rates were as follows: Finland (+41.5% per year) and India (+11.1% per year).

Imports

World Imports of Hydraulic Presses For Working Metal

In 2022, global hydraulic press imports plummeted to 237K units, which is down by -20.5% against the previous year. Overall, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +2.2% 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 +47.7% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of 38%. As a result, imports reached the peak of 298K units, and then fell markedly in the following year.

In value terms, hydraulic press imports dropped to $869M in 2022. Over the period under review, imports continue to indicate a pronounced decrease. The growth pace was the most rapid in 2021 with an increase of 21%. Over the period under review, global imports reached the maximum at $1.2B in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports By Country

Canada (17K units), the Netherlands (16K units), France (16K units), Australia (16K units), Germany (15K units), Ireland (13K units), the UK (9.9K units), the United States (9.4K units), Japan (8.9K units), Spain (6.4K units), Mexico (6K units) and Belgium (5.5K units) represented roughly 59% of total imports in 2022. Singapore (5.2K units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Ireland (with a CAGR of +27.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($106M), Mexico ($67M) and Germany ($51M) appeared to be the countries with the highest levels of imports in 2022, with a combined 26% share of global imports. France, Singapore, Canada, Australia, Japan, Spain, the Netherlands, the UK, Ireland and Belgium lagged somewhat behind, together comprising a further 11%.

Ireland, with a CAGR of +25.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average hydraulic press import price amounted to $3,666 per unit, increasing by 15% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced contraction. Over the period under review, average import prices attained the peak figure at $6,264 per unit in 2013; however, from 2014 to 2022, import prices remained at a 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 the United States ($11,300 per unit), while Ireland ($297 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.2%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Hydraulic Presses For Working Metal

In 2022, the amount of hydraulic presses for working metal exported worldwide fell significantly to 109K units, reducing by -76.6% compared with the previous year. Overall, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 71%. As a result, the exports attained the peak of 495K units. From 2016 to 2022, the growth of the global exports remained at a somewhat lower figure.

In value terms, hydraulic press exports reduced markedly to $792M in 2022. Over the period under review, exports saw a noticeable descent. The pace of growth appeared the most rapid in 2021 when exports increased by 32%. The global exports peaked at $1.4B in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports By Country

In 2022, India (18K units), followed by the Netherlands (12K units), Germany (10K units), Poland (9.4K units), Japan (9.1K units), Taiwan (Chinese) (8.2K units), Italy (6.3K units) and Singapore (5.3K units) were the key exporters of hydraulic presses for working metal, together generating 72% of total exports. The following exporters - Belgium (4K units), Denmark (3.3K units), Finland (3.1K units), Spain (2.6K units) and Turkey (2.1K units) - together made up 14% of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +23.8%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest hydraulic press supplying countries worldwide were Germany ($174M), Italy ($128M) and Japan ($41M), with a combined 43% share of global exports. Turkey, Spain, Taiwan (Chinese), the Netherlands, Singapore, Finland, Denmark, Poland, India and Belgium lagged somewhat behind, together comprising a further 20%.

In terms of the main exporting countries, Singapore, with a CAGR of +11.2%, saw the highest growth rate of the value of exports, 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 press export price amounted to $7,242 per unit, surging by 194% against the previous year. Over the period under review, the export price saw slight growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($20,205 per unit), while India ($430 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.4%), while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform