U.S. - Suspension Systems - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSuspension System Price in the United States - 2023
Contents:
- Suspension System Price in the United States (CIF) - 2023
- Suspension System Price in the United States (FOB) - 2023
- Suspension System Imports in the United States
- Suspension System Exports in the United States
Suspension System Price in the United States (CIF) - 2023
In October 2023, the average suspension system import price amounted to $12,716 per ton, with a decrease of -9.3% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average import price increased by 9.2% against the previous month. As a result, import price attained the peak level of $15,281 per ton. From March 2023 to October 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 Canada ($31,602 per ton), while the price for Japan ($3,609 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 South Korea (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Suspension System Price in the United States (FOB) - 2023
In October 2023, the average suspension system export price amounted to $1.3M per ton, increasing by 49% against the previous month. Over the period under review, the export price posted a significant increase. The most prominent rate of growth was recorded in August 2023 an increase of 6,411% m-o-m. The export price peaked at $1.4M per ton in February 2023; afterwards, it flattened through to October 2023.
As there is only one major export destination, the average price level is determined by prices for Mexico.
From October 2022 to October 2023, the rate of growth in terms of prices for Mexico amounted to +22.8% per month.
Suspension System Imports in the United States
In 2022, imports of suspension systems into the United States skyrocketed to 423K tons, jumping by 17% compared with the previous year's figure. Overall, imports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 19%.
In value terms, suspension system imports surged to $5.5B in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +9.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 27%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Suspension System in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 1,340 | 1,276 | 1,695 | 2,000 | 14.3% |
| China | 799 | 687 | 863 | 1,029 | 8.8% |
| Canada | 708 | 486 | 539 | 682 | -1.2% |
| Japan | 288 | 219 | 285 | 323 | 3.9% |
| South Korea | 236 | 194 | 241 | 301 | 8.4% |
| Taiwan (Chinese) | 176 | 205 | 238 | 263 | 14.3% |
| Germany | 190 | 142 | 158 | 222 | 5.3% |
| Others | 371 | 338 | 487 | 636 | 19.7% |
| Total | 4,108 | 3,547 | 4,507 | 5,456 | 9.9% |
Top Suppliers of Suspension System to the United States in 2022:
- China (90.9K tons)
- Mexico (86.4K tons)
- Japan (78.6K tons)
- South Korea (49.0K tons)
- Canada (20.8K tons)
- Germany (19.9K tons)
- Taiwan (Chinese) (18.4K tons)
Suspension System Exports in the United States
For the third consecutive year, the United States recorded decline in overseas shipments of suspension systems, which decreased by -12.2% to 46K tons in 2022. Over the period under review, exports showed a precipitous contraction.
In value terms, suspension system exports surged to $2.4B in 2022. The total export value increased at an average annual rate of +1.2% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Suspension System in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 811 | 675 | 792 | 1,020 | 7.9% |
| Canada | 1,028 | 794 | 750 | 881 | -5.0% |
| Thailand | 31.6 | 26.5 | 40.2 | 50.5 | 16.9% |
| United Arab Emirates | 31.8 | 27.6 | 37.4 | 34.2 | 2.5% |
| Chile | 14.2 | 9.8 | 12.0 | 14.8 | 1.4% |
| United Kingdom | 35.2 | 24.1 | 19.8 | 14.3 | -25.9% |
| Panama | 2.5 | 1.8 | 5.4 | 7.2 | 42.3% |
| Others | 363 | 319 | 380 | 381 | 1.6% |
| Total | 2,317 | 1,878 | 2,037 | 2,403 | 1.2% |
Top Export Markets for Suspension System from the United States in 2022:
- Canada (21.1K tons)
- Thailand (5.7K tons)
- Mexico (4.4K tons)
- United Arab Emirates (3.9K tons)
- Chile (1.7K tons)
- United Kingdom (1.6K tons)
- Panama (0.8K tons)
This report provides an in-depth analysis of the suspension system market 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 29323050 - Suspension systems and parts thereof (including shock absorbers)
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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