U.S. - Drive-Axles with Differential and Non-Driving Axles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Driving and Non-Driving Axle in the United States - 2023
Contents:
- Price for Driving and Non-Driving Axle in the United States (CIF) - 2023
- Price for Driving and Non-Driving Axle in the United States (FOB) - 2022
- Imports of Driving and Non-Driving Axle in the United States
- Exports of Driving and Non-Driving Axle in the United States
Price for Driving and Non-Driving Axle in the United States (CIF) - 2023
The average driving and non-driving axle import price stood at $12,052 per ton in October 2023, rising by 5.8% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.4%. The pace of growth appeared the most rapid in January 2023 an increase of 29% month-to-month. Over the period under review, average import prices hit record highs at $13,065 per ton in March 2023; however, from April 2023 to October 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($23,046 per ton), while the price for China ($5,814 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Driving and Non-Driving Axle in the United States (FOB) - 2022
The average driving and non-driving axle export price stood at $12,344 per ton in 2022, growing by 7.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2020 an increase of 24%. The export price peaked in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($37,610 per ton), while the average price for exports to China ($9,388 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Driving and Non-Driving Axle in the United States
In 2022, approx. 644K tons of drive-axles with differential and non-driving axles were imported into the United States; growing by 35% against 2021. In general, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, driving and non-driving axle imports totaled $5.9B in 2022. The total import value increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 31% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.
Import of Driving and Non-Driving Axle in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 1,608 | 1,370 | 1,732 | 2,123 | 9.7% |
South Korea | 393 | 333 | 607 | 784 | 25.9% |
Japan | 462 | 423 | 618 | 594 | 8.7% |
Germany | 546 | 546 | 597 | 585 | 2.3% |
China | 370 | 340 | 416 | 453 | 7.0% |
Canada | 502 | 369 | 400 | 421 | -5.7% |
India | 251 | 170 | 305 | 367 | 13.5% |
Others | 580 | 433 | 565 | 622 | 2.4% |
Total | 4,713 | 3,985 | 5,240 | 5,948 | 8.1% |
Top Suppliers of Driving and Non-Driving Axle to the United States in 2022:
- South Korea (138.8K tons)
- Mexico (123.3K tons)
- China (90.5K tons)
- Japan (82.1K tons)
- India (70.5K tons)
- Germany (52.6K tons)
- Canada (32.3K tons)
Exports of Driving and Non-Driving Axle in the United States
In 2022, the amount of drive-axles with differential and non-driving axles exported from the United States expanded notably to 244K tons, growing by 13% compared with the previous year's figure. Over the period under review, exports, however, recorded a abrupt slump.
In value terms, driving and non-driving axle exports soared to $3B in 2022. The total export value increased at an average annual rate of +2.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Driving and Non-Driving Axle in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 1,455 | 1,209 | 1,469 | 1,638 | 4.0% |
Canada | 962 | 569 | 581 | 851 | -4.0% |
Germany | 36.0 | 30.4 | 37.1 | 58.0 | 17.2% |
China | 36.1 | 43.5 | 35.0 | 56.1 | 15.8% |
South Africa | 46.5 | 31.1 | 39.2 | 46.1 | -0.3% |
India | 24.4 | 17.2 | 25.8 | 41.5 | 19.4% |
Others | 263 | 236 | 276 | 318 | 6.5% |
Total | 2,823 | 2,135 | 2,463 | 3,009 | 2.1% |
Top Export Markets for Driving and Non-Driving Axle from the United States in 2022:
- Mexico (174.4K tons)
- Canada (22.6K tons)
- Germany (6.2K tons)
- China (6.0K tons)
- South Africa (4.9K tons)
- India (4.4K tons)
This report provides an in-depth analysis of the market for driving and non-driving axle 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 2030.
Product coverage:
- Prodcom 29323036 - Drive-axles with differential, non-driving axles and their parts
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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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