U.S.: Pump For Liquid Market 2024

Pump For Liquid Market Size in the U.S.

In 2022, the U.S. pump for liquid market decreased by X% to $X, falling for the second year in a row after nine years of growth. In general, consumption, however, showed strong growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Pump For Liquid Production in the U.S.

In value terms, pump for liquid production reached $X in 2022. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

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Pump For Liquid Exports

Exports from the U.S.

Pump for liquid exports from the United States contracted to X units in 2022, which is down by X% against 2021. Overall, exports saw a mild decline. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, pump for liquid exports amounted to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X units), Mexico (X units) and China (X units) were the main destinations of pump for liquid exports from the United States, together comprising X% of total exports. Germany, Japan, the UK, Brazil, Australia, the Netherlands, Belgium and Thailand lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pump for liquid exported from the United States were Canada ($X), Mexico ($X) and China ($X), with a combined X% share of total exports. Germany, the UK, Australia, Brazil, Belgium, the Netherlands, Japan and Thailand lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Thailand, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pump for liquid export price stood at $X per unit in 2022, growing by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pump For Liquid Imports

Imports into the U.S.

In 2022, overseas purchases of pumps for liquids and liquid elevators decreased by X% to X units, falling for the second consecutive year after nine years of growth. Overall, imports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, pump for liquid imports rose significantly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of pump for liquid to the United States, accounting for a X% share of total imports. Moreover, pump for liquid imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), fourfold. Thailand (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Thailand (X% per year).

In value terms, Mexico ($X), China ($X) and Germany ($X) appeared to be the largest pump for liquid suppliers to the United States, together accounting for X% of total imports. Japan, Italy, South Korea, Taiwan (Chinese) and Thailand lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Thailand, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pump for liquid import price stood at $X per unit in 2022, jumping by X% against the previous year. In general, the import price, however, continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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