U.S.: Automobile Market 2020

Automobile Market Size in the USA

The revenue of the automobile market in the U.S. amounted to $X in 2018, reducing by -X% against the previous year. Overall, automobile consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017, when it surged by X% against the previous year. In that year, the automobile market reached their peak level of $X, and then declined slightly in the following year.

Automobile Production in the USA

In value terms, automobile production totaled $X in 2018. The total output value increased an average annual rate of +X% over the period from 2013 to 2018; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015, when it surged by X% against the previous year. Over the period under review, the automobile production attained its maximum level in 2018, and is likely to see steady growth in the near future.

Automobile Exports

Exports from the USA

In 2018, approx. X tons of automobiles were exported from the U.S.; dropping by -X% against the previous year. Overall, automobile exports continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2014, when it surged by X% y-o-y. Over the period under review, the automobile exports attained its maximum volume of X tons in 2016; however, from 2017 to 2018, it failed to regain its momentum.

In value terms, automobile exports totaled $X in 2018. In general, automobile exports continue to indicate a sharp slump. Over the period under review, the automobile exports attained its maximum level of $X in 2016; however, from 2017 to 2018, it stood at a somewhat lower level.

Exports by Country

Australia (X tons), the Dominican Republic (X tons) and Nigeria (X tons) were the main destinations of automobile exports from the U.S., with a combined X% share of total exports. Honduras, Brazil, French Polynesia, Nicaragua, Sweden and Chile lagged somewhat behind, together comprising a further X%.

From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by French Polynesia (-X% per year), while the other leaders experienced a decline.

In value terms, Australia ($X) remains the key foreign market for automobile exports from the U.S., making up X% of total automobile exports. The second position in the ranking was occupied by the Dominican Republic ($X), with a X% share of total exports. It was followed by Nigeria, with a X% share.

From 2013 to 2018, the average annual rate of growth in terms of value to Australia stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (-X% per year) and Nigeria (-X% per year).

Export Prices by Country

In 2018, the average automobile export price amounted to $X per kg, jumping by X% against the previous year. Overall, automobile export price continues to indicate a sharp downturn. The most prominent rate of growth was recorded in 2018, when it surged by X% y-o-y. Over the period under review, the average export prices for automobiles attained its peak figure level of $X per kg in 2014; however, from 2015 to 2018, it failed to regain its momentum.

Export prices varied noticeably by the country of origin; the country with the highest export price was Australia ($X per kg), while average price for exports to Honduras ($X per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of export prices was recorded for supplies to the Dominican Republic (-X% per year), the export prices for the other major destinations experienced a decline.

Automobile Imports

Imports into the USA

In 2018, the amount of automobiles imported into the U.S. totaled X tons, jumping by X% against the previous year. Overall, automobile imports continue to indicate a precipitous reduction. The pace of growth was the most pronounced in 2018, when imports increased by X% against the previous year. Over the period under review, the automobile imports reached its maximum volume of X tons in 2016; however, from 2017 to 2018, it stood at a somewhat lower level.

In value terms, automobile imports stood at $X in 2018. In general, automobile imports continue to indicate a sharp downturn. Over the period under review, the automobile imports attained its peak figure level of $X in 2016; however, from 2017 to 2018, it failed to regain its momentum.

Imports by Country

In 2018, China (X tons) constituted the largest automobile supplier to the U.S., with a X% share of total imports. Moreover, automobile imports from China exceeded the figures recorded by the second largest supplier, Germany (X tons), more than tenfold.

From 2013 to 2018, the average annual growth rate of volume from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and the UK (-X% per year).

In value terms, China ($X), Germany ($X) and the UK ($X) constituted the largest automobile suppliers to the U.S., with a combined X% share of total imports.

China (-X% per year) experienced the highest growth rate of imports, among the main suppliers over the last five year period, while the other leaders experienced a decline.

Import Prices by Country

In 2018, the average automobile import price amounted to $X per kg, coming down by -X% against the previous year. Overall, automobile import price continues to indicate a drastic deduction. The most prominent rate of growth was recorded in 2017, an increase of X% against the previous year. In that year, the average import prices for automobiles reached their peak level of $X per kg, and then declined slightly in the following year.

Import prices varied noticeably by the country of origin; the country with the highest import price was the UK ($X per kg), while price for China ($X per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of import prices was attained by the UK (+X% per year), the import prices for the other major suppliers experienced a decline.

Source: IndexBox Platform