U.S. Pump And Pumping Equipment Market. Analysis And Forecast to 2030
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View PricingPrice for Pump and Pumping Equipment in the United States - 2023
Contents:
- Price for Pump and Pumping Equipment in the United States (FOB) - 2023
- Price for Pump and Pumping Equipment in the United States (CIF) - 2023
- Exports of Pump and Pumping Equipment in the United States
- Imports of Pump and Pumping Equipment in the United States
Price for Pump and Pumping Equipment in the United States (FOB) - 2023
In August 2023, the average pump and pumping equipment export price amounted to $70.2 per unit, approximately reflecting the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 9.1% m-o-m. The export price peaked at $75.6 per unit in June 2023; however, from July 2023 to August 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was the UK ($147 per unit), while the average price for exports to the United Arab Emirates ($42.6 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Pump and Pumping Equipment in the United States (CIF) - 2023
The average pump and pumping equipment import price stood at $3.9 per unit in August 2023, rising by 5.4% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +2.8%. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 35% against the previous month. As a result, import price reached the peak level of $4.6 per unit. From March 2023 to August 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Italy ($24.7 per unit), while the price for Thailand ($611 per thousand units) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Italy (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Pump and Pumping Equipment in the United States
For the fourth year in a row, the United States recorded growth in shipments abroad of pump and pumping equipment, which increased by 19% to 66M units in 2022. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 789%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, pump and pumping equipment exports expanded sharply to $4.5B in 2022. In general, exports, however, saw a relatively flat trend pattern. The exports peaked at $4.5B in 2019; afterwards, it flattened through to 2022.
| Export of Pump and Pumping Equipment in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 1,314 | 1,085 | 1,175 | 1,386 | 1.8% |
| Mexico | 368 | 303 | 351 | 408 | 3.5% |
| China | 285 | 284 | 442 | 290 | 0.6% |
| United Kingdom | 228 | 184 | 173 | 188 | -6.2% |
| Germany | 138 | 108 | 132 | 173 | 7.8% |
| Netherlands | 98.2 | 88.4 | 105 | 120 | 6.9% |
| India | 58.5 | 43.7 | 62.3 | 116 | 25.6% |
| Australia | 82.2 | 77.0 | 89.2 | 99.6 | 6.6% |
| Japan | 79.4 | 91.4 | 72.0 | 87.9 | 3.4% |
| Chile | 63.7 | 61.8 | 62.7 | 75.5 | 5.8% |
| United Arab Emirates | 112 | 134 | 89.0 | 73.3 | -13.2% |
| Thailand | 37.2 | 27.9 | 34.6 | 58.9 | 16.6% |
| Argentina | 65.3 | 34.3 | 53.7 | 53.2 | -6.6% |
| Others | 1,564 | 1,311 | 1,247 | 1,363 | -4.5% |
| Total | 4,494 | 3,834 | 4,089 | 4,494 | 0.0% |
Top Export Markets for Pump and Pumping Equipment from the United States in 2022:
- Canada (23.3M units)
- Mexico (4.4M units)
- China (3.2M units)
- India (2.9M units)
- Germany (1.7M units)
- United Arab Emirates (1.5M units)
- Japan (1.5M units)
- Netherlands (1.4M units)
- United Kingdom (1.4M units)
- Australia (1.4M units)
- Chile (1.4M units)
- Argentina (1.4M units)
- Thailand (1.2M units)
Imports of Pump and Pumping Equipment in the United States
In 2022, supplies from abroad of pump and pumping equipment decreased by -25.8% to 1.2B units, falling for the second year in a row after two years of growth. Overall, imports, however, posted a pronounced expansion. The most prominent rate of growth was recorded in 2020 with an increase of 111%. As a result, imports attained the peak of 2.1B units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, pump and pumping equipment imports rose rapidly to $3.6B in 2022. The total import value increased at an average annual rate of +4.5% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Pump and Pumping Equipment in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 855 | 900 | 793 | 827 | -1.1% |
| Mexico | 429 | 434 | 488 | 568 | 9.8% |
| Germany | 237 | 226 | 268 | 316 | 10.1% |
| Italy | 222 | 168 | 188 | 223 | 0.1% |
| Taiwan (Chinese) | 118 | 99.0 | 126 | 167 | 12.3% |
| Thailand | 28.6 | 59.3 | 82.8 | 90.7 | 46.9% |
| South Korea | 75.2 | 59.3 | 54.2 | 88.8 | 5.7% |
| Vietnam | 23.5 | 35.7 | 57.1 | 48.4 | 27.2% |
| Others | 1,212 | 1,012 | 1,133 | 1,320 | 2.9% |
| Total | 3,200 | 2,993 | 3,191 | 3,649 | 4.5% |
Top Suppliers of Pump and Pumping Equipment to the United States in 2022:
- China (734.7M units)
- Thailand (134.4M units)
- Mexico (132.7M units)
- South Korea (28.1M units)
- Italy (25.6M units)
- Germany (24.6M units)
- Taiwan (Chinese) (19.6M units)
- Vietnam (10.5M units)
This report provides an in-depth analysis of the market for pump and pumping equipment 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 333911 - Pump and pumping equipment manufacturing
Companies mentioned:
- Ingersoll-Rand Company
- Flowserve Corporation
- Xylem Inc
- Idex Corporation
- Colfax Corporation
- Zoeller Company
- Giw Industries, Milton Roy
- Flow International Corporation
- Weir Group L.P.
- Fts International Services
- Lufkin Industries
- Crane Pumps & Systems
- Flint & Walling
- Gorman-Rupp Company
- W. S. Darley & Co.
- Curtiss-Wright Electro-Mechanical Corporation
- Sterling Fluid Systems (usa)
- Pentair Filtration
- Pentair Flow Technologies
- Pump Solutions Group
- Goulds Pumps Incorporated
- Flow Control US Holding Corporation
- Viking Pump
- Weir Group Inc.
- Pfeiffer Vacuum
- IMO Industries
- Weatherford Artificial Lift Systems
- Rumpke Transportation Company
- Fluid Handling
- Flowserve US Inc.
- Ksb America Corporation
- Waterjet Holdings
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
-
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
-
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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