U.S. Fluid Power Valve And Hose Fitting Market. Analysis And Forecast to 2025
Update: COVID-19 Impact
Fluid Power Valve And Hose Fitting Market - U.S. Remains a Leading Destination for Overseas Suppliers of Fluid Power Valve and Hose Fitting, Particularly China
Photo: © Tonmali / Bigstockphoto
The U.S. leads the way in global imports on the fluid power valve and hose fitting market, accounting for a X% share (based on USD). It was followed by China (X%) and Germany (X%). In 2015, U.S. fluid power valve and hose fitting imports totaled X million USD, which was X million USD (X%) lower than the year before.
From 2007 to 2015, U.S. fluid power valve and hose fitting imports showed mixed dynamics. An abrupt plunge in 2009 was followed by a rapid recovery over the next year. Imports surged in 2011 and then continued to grow at a healthy pace until 2014. However, in 2015, imports slipped by -X%, which could be a sign of a further correction.
In 2010, U.S. fluid power valve and hose fitting imports nearly reached the pre-recession imports level of 2008. However, since soaring in 2011, imports have remained far above their original levels.
Despite the deceleration of import growth, the U.S. continues to be one of the biggest markets for global exporters.
China was the main supplier of fluid power valves and hose fittings into the U.S., with a X% share of total U.S. imports in 2015, based on USD. It was distantly followed by Mexico (X%), Germany (X%), and Japan (X%). From 2007 to 2015, China and Mexico were the fastest growing suppliers (+X% per year and + X% per year, respectively), while other major supplying countries recorded more moderate paces of growth. China strengthened its position in the U.S. import structure by +X percentage points from 2007 to 2015, while the shares of the other countries remained relatively stable.
From 2007 to 2015, the U.S. was a net importer of fluid power valves and hose fittings. However, exports grew faster than imports on average over the period under review. The U.S. trade deficit in this sector worsened over the period under review after several considerable fluctuations, growing from X million USD in 2007 to X million USD in 2015.
Do you want to know more about the U.S. fluid power valve and hose fitting market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- fluid power valve and hose fitting market share
- fluid power valve and hose fitting prices
- fluid power valve and hose fitting industry
- fluid power valve and hose fitting sales
- fluid power valve and hose fitting market forecast
- fluid power valve and hose fitting price forecast
- key fluid power valve and hose fitting producers
Source: IndexBox AI Platform
This report provides an in-depth analysis of the market for fluid power valve and hose fitting in the U.S.. 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 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
Webinar: Global Animal Feed Market - Global Outlook & Insights
Join our live webinar to get insights into the global animal feed market.
Thursday, February 11th, 2021 @ 10:00 am ET