Pumps; Parts Thereof Price in the United States - 2023
Contents:
- Pumps; Parts Thereof Price in the United States (CIF) - 2023
- Pumps; Parts Thereof Price in the United States (FOB) - 2023
- Pumps; Parts Thereof Imports in the United States
- Pumps; Parts Thereof Exports in the United States
Pumps; Parts Thereof Price in the United States (CIF) - 2023
In July 2023, the average pumps; parts thereof import price amounted to $11,277 per ton, falling by -3.8% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 an increase of 17% against the previous month. As a result, import price reached the peak level of $12,543 per ton. From March 2023 to July 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($26,548 per ton), while the price for Spain ($2,220 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Denmark (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Pumps; Parts Thereof Price in the United States (FOB) - 2023
In July 2023, the average pumps; parts thereof export price amounted to $50,344 per ton, surging by 16% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($213K per ton), while the average price for exports to Mexico ($19,374 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.
Pumps; Parts Thereof Imports in the United States
For the fourth consecutive year, the United States recorded growth in overseas purchases of pumps; parts thereoves, which increased by 25% to 316K tons in 2022. Overall, imports saw significant growth. The growth pace was the most rapid in 2021 with an increase of 66%. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, pumps; parts thereof imports soared to $3.5B in 2022. The total import value increased at an average annual rate of +5.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 24%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Pumps; Parts Thereof in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 768 | 497 | 632 | 856 | 3.7% |
| India | 249 | 132 | 231 | 388 | 15.9% |
| Japan | 345 | 409 | 466 | 375 | 2.8% |
| Germany | 310 | 275 | 319 | 327 | 1.8% |
| Canada | 249 | 197 | 233 | 294 | 5.7% |
| Mexico | 266 | 214 | 219 | 280 | 1.7% |
| Italy | 147 | 66.6 | 100 | 136 | -2.6% |
| Taiwan (Chinese) | 62.3 | 46.3 | 63.2 | 91.2 | 13.5% |
| Denmark | 32.0 | 37.1 | 45.3 | 49.7 | 15.8% |
| Spain | 12.3 | 13.7 | 16.1 | 20.5 | 18.6% |
| Others | 590 | 456 | 582 | 719 | 6.8% |
| Total | 3,031 | 2,344 | 2,907 | 3,536 | 5.3% |
Top Suppliers of Pumps; Parts Thereof to the United States in 2022:
- China (123.9K tons)
- India (33.6K tons)
- Mexico (30.0K tons)
- Canada (20.1K tons)
- Germany (19.7K tons)
- Japan (15.5K tons)
- Denmark (9.7K tons)
- Italy (7.7K tons)
- Taiwan (Chinese) (7.0K tons)
- Spain (4.9K tons)
Pumps; Parts Thereof Exports in the United States
In 2022, approx. 55K tons of pumps; parts thereoves were exported from the United States; surging by 6.4% against 2021 figures. The total export volume increased at an average annual rate of +3.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 7.1% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, pumps; parts thereof exports rose notably to $2.2B in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern.
| Export of Pumps; Parts Thereof in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 540 | 451 | 499 | 582 | 2.5% |
| Mexico | 493 | 596 | 514 | 395 | -7.1% |
| China | 104 | 96.0 | 101 | 111 | 2.2% |
| India | 32.4 | 25.3 | 34.1 | 79.3 | 34.8% |
| Germany | 71.2 | 52.6 | 60.5 | 73.4 | 1.0% |
| Argentina | 47.9 | 23.7 | 47.9 | 57.5 | 6.3% |
| Chile | 53.4 | 47.5 | 48.1 | 55.2 | 1.1% |
| United Arab Emirates | 53.2 | 44.5 | 41.9 | 53.0 | -0.1% |
| Brazil | 38.6 | 36.8 | 44.4 | 49.2 | 8.4% |
| Australia | 45.3 | 37.8 | 38.7 | 45.7 | 0.3% |
| Peru | 23.3 | 20.3 | 21.7 | 25.7 | 3.3% |
| Panama | 17.3 | 13.8 | 13.4 | 25.6 | 14.0% |
| Egypt | 19.8 | 13.4 | 8.7 | 11.4 | -16.8% |
| Others | 716 | 605 | 617 | 685 | -1.5% |
| Total | 2,255 | 2,063 | 2,091 | 2,248 | -0.1% |
Top Export Markets for Pumps; Parts Thereof from the United States in 2022:
- Mexico (21.0K tons)
- Canada (2.7K tons)
- Chile (2.4K tons)
- China (2.3K tons)
- Germany (1.9K tons)
- Argentina (1.8K tons)
- India (1.7K tons)
- Australia (1.3K tons)
- Panama (1.3K tons)
- Brazil (1.0K tons)
- United Arab Emirates (1.0K tons)
- Egypt (0.9K tons)
- Peru (0.8K tons)
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