U.S. Oil And Gas Field Machinery And Equipment Market. Analysis And Forecast to 2030
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View PricingPrice for Oil and Gas Field Machinery in the United States - 2023
Contents:
- Price for Oil and Gas Field Machinery in the United States (FOB) - 2022
- Price for Oil and Gas Field Machinery in the United States (CIF) - 2023
- Exports of Oil and Gas Field Machinery in the United States
- Imports of Oil and Gas Field Machinery in the United States
Price for Oil and Gas Field Machinery in the United States (FOB) - 2022
In 2022, the average export price for oil and gas field machinery and equipment amounted to $227 per unit, which is down by -44% against the previous year. In general, the export price saw a dramatic shrinkage. The pace of growth was the most pronounced in 2019 when the average export price increased by 17% against the previous year. The export price peaked at $19,842 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belize ($2,104 per unit), while the average price for exports to Bangladesh ($1.1 per unit) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belize (+29.9%), while the prices for the other major destinations experienced a decline.
Price for Oil and Gas Field Machinery in the United States (CIF) - 2023
The average import price for oil and gas field machinery and equipment stood at $43.7 per unit in August 2023, dropping by -11.9% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 76% m-o-m. Over the period under review, average import prices reached the peak figure at $53.7 per unit in February 2023; however, from March 2023 to August 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($110 per unit), while the price for India ($15.3 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Mexico (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Oil and Gas Field Machinery in the United States
Oil and gas field machinery exports from the United States soared to 8.9M units in 2022, picking up by 102% on 2021 figures. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 1,656% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, oil and gas field machinery exports stood at $2B in 2022. Overall, exports, however, recorded a drastic downturn. Over the period under review, the exports attained the maximum at $3.4B in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Oil and Gas Field Machinery in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 132 | 168 | 176 | 305 | 32.2% |
| United Arab Emirates | 191 | 135 | 94.7 | 187 | -0.7% |
| Saudi Arabia | 168 | 154 | 116 | 160 | -1.6% |
| Brazil | 687 | 78.1 | 78.4 | 94.3 | -48.4% |
| Colombia | 86.0 | 48.0 | 39.0 | 80.6 | -2.1% |
| Trinidad and Tobago | 73.3 | 125 | 102 | 51.8 | -10.9% |
| Australia | 55.6 | 41.3 | 34.5 | 33.7 | -15.4% |
| Oman | 31.3 | 23.9 | 22.7 | 18.2 | -16.5% |
| Bangladesh | 0.1 | 0.1 | 8.9 | 0.7 | 91.3% |
| Others | 1,964 | 1,230 | 1,111 | 1,078 | -18.1% |
| Total | 3,389 | 2,004 | 1,784 | 2,009 | -16.0% |
Top Export Markets for Oil and Gas Field Machinery from the United States in 2022:
- Mexico (4420.9K units)
- Bangladesh (628.0K units)
- Oman (370.3K units)
- Brazil (363.2K units)
- Saudi Arabia (340.1K units)
- Trinidad and Tobago (242.1K units)
- United Arab Emirates (232.3K units)
- Colombia (199.0K units)
- Australia (168.3K units)
Imports of Oil and Gas Field Machinery in the United States
Oil and gas field machinery imports into the United States skyrocketed to 22M units in 2022, with an increase of 109% against the previous year. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 783%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, oil and gas field machinery imports soared to $1B in 2022. In general, imports enjoyed a pronounced increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Oil and Gas Field Machinery in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 338 | 142 | 305 | 303 | -3.6% |
| Mexico | 90.0 | 52.7 | 103 | 164 | 22.1% |
| China | 122 | 47.6 | 54.1 | 139 | 4.4% |
| United Kingdom | 62.0 | 38.1 | 32.5 | 59.2 | -1.5% |
| Singapore | 11.2 | 19.1 | 23.6 | 46.0 | 60.1% |
| South Korea | 1.9 | 6.7 | 3.2 | 34.6 | 163.1% |
| India | 14.9 | 8.5 | 11.2 | 33.1 | 30.5% |
| Norway | 47.3 | 24.8 | 18.5 | 30.3 | -13.8% |
| Austria | 36.8 | 19.1 | 11.5 | 29.9 | -6.7% |
| Germany | 26.4 | 17.5 | 14.2 | 26.7 | 0.4% |
| Italy | 24.3 | 12.0 | 10.7 | 21.2 | -4.4% |
| Japan | 7.4 | 3.3 | 5.3 | 9.0 | 6.7% |
| Others | 115 | 66.1 | 52.6 | 116 | 0.3% |
| Total | 897 | 457 | 645 | 1,013 | 4.1% |
Top Suppliers of Oil and Gas Field Machinery to the United States in 2022:
- Canada (4.1M units)
- China (3.8M units)
- South Korea (2.1M units)
- India (2.0M units)
- Austria (1.9M units)
- Mexico (1.6M units)
- Singapore (1.5M units)
- Norway (1.1M units)
- United Kingdom (0.9M units)
- Italy (0.8M units)
- Germany (0.6M units)
- Japan (0.5M units)
This report provides an in-depth analysis of the market for oil and gas field machinery 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:
- NAICS 333132 - Oil and gas field machinery and equipment manufacturing
Companies mentioned:
- Baker Hughes Incorporated
- FMC Technologies
- Weatherford International
- National Oilwell Varco
- Dril-Quip
- Cameron International Corporation
- Forum Energy Technologies
- Sofec
- S.P.M. Flow Control
- J-W Operating Company
- Hydril USA Distribution
- Lincoln Manufacturing
- Derrick Corporation
- Vetco Gray
- TSC Offshore Corporation
- Applied Machinery Corporation
- Rti Energy Systems
- Total Equipment and Service
- Cameron Solutions
- Tesco Corporation
- Natco Group
- Blue Tee Corp.
- Grant Prideco
- National Oilwell Varco
- Iri International Corporation
- Oil States Energy Services
- Ftt Holdings
- Robbins & Myers, Eagle Pipe
- Onesubsea
- Seventy Seven Operating
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.
-
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
-
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
-
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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