U.S.: Market for Fluid Power Pumps And Motors 2024

Market Size for Fluid Power Pumps And Motors in the U.S.

The U.S. market for fluid power pumps and motors reached $X in 2023, growing by X% against the previous year. Over the period under review, consumption saw a prominent increase. Fluid power pump and motor consumption peaked in 2023 and is likely to see gradual growth in years to come.

Production of Fluid Power Pumps And Motors in the U.S.

In value terms, fluid power pump and motor production shrank modestly to $X in 2023. The total output value increased at an average annual rate of X% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

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Exports of Fluid Power Pumps And Motors

Exports from the U.S.

In 2023, the amount of fluid power pumps and motors exported from the United States reached X units, increasing by X% on 2022 figures. Over the period under review, exports showed a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The exports peaked in 2023 and are expected to retain growth in the near future.

In value terms, fluid power pump and motor exports expanded sharply to $X in 2023. The total export value increased at an average annual rate of X% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2023 and are expected to retain growth in years to come.

Exports by Country

Mexico (X units), Canada (X units) and China (X units) were the main destinations of fluid power pump and motor exports from the United States, with a combined X% share of total exports. Brazil, Germany, Chile, Japan, the UK, Australia, the United Arab Emirates, Argentina, Singapore and India lagged somewhat behind, together accounting for a further X%.

From 2013 to 2023, the biggest increases were recorded for Chile (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fluid power pump and motor exported from the United States were Canada ($X), Mexico ($X) and Germany ($X), with a combined X% share of total exports. Brazil, China, Australia, the UK, Japan, Chile, Singapore, India, the United Arab Emirates and Argentina lagged somewhat behind, together comprising a further X%.

Argentina, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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

The average export price for fluid power pumps and motors stood at $X per unit in 2023, remaining stable against the previous year. Over the period under review, the export price, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Chile ($X per unit) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced a decline.

Imports of Fluid Power Pumps And Motors

Imports into the U.S.

In 2023, purchases abroad of fluid power pumps and motors increased by X% to X units, rising for the fourth year in a row after two years of decline. Overall, imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2023 and are expected to retain growth in the near future.

In value terms, fluid power pump and motor imports expanded remarkably to $X in 2023. The total import value increased at an average annual rate of X% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the immediate term.

Imports by Country

Mexico (X units), Germany (X units) and China (X units) were the main suppliers of fluid power pump and motor imports to the United States, with a combined X% share of total imports. Japan, Canada, Italy, India and South Korea lagged somewhat behind, together accounting for a further X%.

From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Germany ($X) and Japan ($X) constituted the largest fluid power pump and motor suppliers to the United States, together accounting for X% of total imports. Canada, China, Italy, India and South Korea lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, India, with a CAGR of X%, recorded 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 import price for fluid power pumps and motors stood at $X per unit in 2023, reducing by X% against the previous year. Over the period under review, the import price faced a abrupt slump. The pace of growth appeared the most rapid in 2018 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2019 to 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform