U.S.: Market for Wiring sets used in vehicles, aircraft or ships 2023

Market Size for Wiring sets used in vehicles, aircraft or ships in the U.S.

After two years of growth, the U.S. market for wiring sets used in vehicles, aircraft or ships decreased by -20.7% to $X in 2021. Over the period under review, consumption saw a pronounced descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Wiring sets used in vehicles, aircraft or ships in the U.S.

In value terms, production of wiring sets used in vehicles, aircraft or ships reduced remarkably to $X in 2021. Overall, production continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2020 with an increase of 77%. Over the period under review, production of reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports from the U.S.

In 2021, the amount of wiring sets used in vehicles, aircraft or ships exported from the United States declined dramatically to X tons, dropping by -18% on 2020 figures. In general, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of 9.5%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of wiring sets used in vehicles, aircraft or ships expanded sharply to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tons), Canada (X tons) and Brazil (X tons) were the main destinations of exports of wiring sets used in vehicles, aircraft or ships from the United States, with a combined 42% share of total exports. These countries were followed by Japan, the Netherlands, Spain, Singapore, Poland, Vietnam, Morocco, Italy, Belgium and the UK, which together accounted for a further 41%.

From 2012 to 2021, the biggest increases were in Morocco (with a CAGR of +57.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wiring sets used in vehicles, aircraft or ships exported from the United States were Mexico ($X), Canada ($X) and Brazil ($X), with a combined 67% share of total exports. Japan, the UK, the Netherlands, Spain, Singapore, Poland, Vietnam, Morocco, Italy and Belgium lagged somewhat behind, together comprising a further 11%.

Morocco, with a CAGR of +59.3%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, growing by 37% against the previous year. Over the period under review, the export price recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 244%. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Mexico ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+29.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports into the U.S.

In 2021, supplies from abroad of wiring sets used in vehicles, aircraft or ships decreased by -15.5% to X tons, falling for the second year in a row after two years of growth. Overall, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2019 when imports increased by 31%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of wiring sets used in vehicles, aircraft or ships surged to $X in 2021. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports of reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Mexico (X tons) constituted the largest wiring sets used in vehicles, aircraft or ships supplier to the United States, with a 60% share of total imports. Moreover, imports of wiring sets used in vehicles, aircraft or ships from Mexico exceeded the figures recorded by the second-largest supplier, Honduras (X tons), fourfold. China (X tons) ranked third in terms of total imports with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Mexico stood at -9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Honduras (+0.2% per year) and China (-6.5% per year).

In value terms, Mexico ($X) constituted the largest supplier of wiring sets used in vehicles, aircraft or ships to the United States, comprising 69% of total imports. The second position in the ranking was taken by Honduras ($X), with a 5.8% share of total imports. It was followed by the Philippines, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value from Mexico amounted to +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Honduras (+2.9% per year) and the Philippines (+5.1% per year).

Import Prices by Country

In 2021, the average import price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, with an increase of 45% against the previous year. Overall, the import price posted a prominent expansion. The pace of growth was the most pronounced in 2020 when the average import price increased by 156%. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Nicaragua ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nicaragua (+24.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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