Latest Report Update: Sep 25, 2021

U.S. Gasket, Packing, And Sealing Device Market. Analysis And Forecast to 2025
Update: COVID-19 Impact

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U.S.: Overview of the Market for Gasket, Packing, And Sealing Device 2021

Market Size for Gasket, Packing, And Sealing Device in the U.S.

The U.S. market for gasket, packing, and sealing device rose notably to $X in 2020, with an increase of X% against the previous year. Overall, consumption, however, recorded measured growth. The most prominent rate of growth was recorded in 2017 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2020, consumption remained at a lower figure.

Production of Gasket, Packing, And Sealing Device in the U.S.

In value terms, gasket, packing, and sealing device production reached $X in 2020. Over the period under review, production recorded a measured expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Gasket, packing, and sealing device production peaked at $X in 2018; however, from 2019 to 2020, production remained at a lower figure.

Exports of Gasket, Packing, And Sealing Device

Exports from the U.S.

In 2020, after two years of growth, there was significant decline in shipments abroad of gasket, packing, and sealing device, when their volume decreased by -X% to X tonnes. Overall, exports saw a pronounced reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Exports peaked at X tonnes in 2016; however, from 2017 to 2020, exports failed to regain the momentum.

In value terms, gasket, packing, and sealing device exports shrank to $X in 2020. In general, exports posted moderate growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at $X in 2018; however, from 2019 to 2020, exports remained at a lower figure.

Exports by Country

Mexico (X tonnes), Canada (X tonnes) and China (X tonnes) were the main destinations of gasket, packing, and sealing device exports from the U.S., together comprising X% of total exports. The UK, Japan, South Korea, Taiwan (Chinese), Germany, Brazil, the United Arab Emirates, Singapore, the Netherlands and India lagged somewhat behind, together accounting for a further X 2013 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan, while exports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Canada ($X) and China ($X) were the largest markets for gasket, packing, and sealing device exported from the U.S. worldwide, together accounting for X% of total exports. Japan, South Korea, Singapore, the UK, Brazil, Germany, Taiwan (Chinese), the United Arab Emirates, the Netherlands and India lagged somewhat behind, together accounting for a further X the main countries of destination, Taiwan (Chinese) recorded 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 export price for gasket, packing, and sealing device stood at $X per tonne in 2020, jumping by X% against the previous year. Overall, the export price saw noticeable growth. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. As a result, export price attained the peak level of $X per tonne. from 2018 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Singapore ($X per tonne), while the average price for exports to the UK ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Canada, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gasket, Packing, And Sealing Device

Imports into the U.S.

After three years of growth, supplies from abroad of gasket, packing, and sealing device decreased by -X% to X tonnes in 2020. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X tonnes, and then fell rapidly in the following year.

In value terms, gasket, packing, and sealing device imports reduced to $X in 2020. Over the period under review, imports recorded mild growth. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Imports peaked at $X in 2019, and then declined in the following year.

Imports by Country

China (X tonnes), Mexico (X tonnes) and Germany (X tonnes) were the main suppliers of gasket, packing, and sealing device imports to the U.S., together accounting for X% of total imports. These countries were followed by Japan, South Korea, Taiwan (Chinese), Canada, Costa Rica, the UK, India, Viet Nam, Italy and Thailand, which together accounted for a further X 2013 to 2020, the biggest increases were in Thailand, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Japan ($X) and China ($X) constituted the largest gasket, packing, and sealing device suppliers to the U.S., with a combined X% share of total imports. Germany, Taiwan (Chinese), Canada, the UK, South Korea, Italy, Viet Nam, Thailand, India and Costa Rica lagged somewhat behind, together accounting for a further X the main suppliers, Viet Nam recorded the highest rates of growth with regard to 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

In 2020, the average import price for gasket, packing, and sealing device amounted to $X per tonne, picking up by X% against the previous year. Over the period under review, the import price showed a modest increase. The pace of growth was the most pronounced in 2016 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per tonne. from 2017 to 2020, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Japan ($X per tonne), while the price for Costa Rica ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Mexico, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of gasket, packing, and sealing device to the U.S.?
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In value terms, Mexico ($699M), Japan ($416M) and China ($317M) were the largest gasket, packing, and sealing device suppliers to the U.S., together comprising 48% of total imports. Germany, Taiwan (Chinese), Canada, the UK, South Korea, Italy, Viet Nam, Thailand, India and Costa Rica lagged somewhat behind, together accounting for a further 40%.
What are the leading importers of gasket, packing, and sealing device from the U.S.?
+
In value terms, Mexico ($623M), Canada ($564M) and China ($336M) appeared to be the largest markets for gasket, packing, and sealing device exported from the U.S. worldwide, together accounting for 44% of total exports. These countries were followed by Japan, South Korea, Singapore, the UK, Brazil, Germany, Taiwan (Chinese), the United Arab Emirates, the Netherlands and India, which together accounted for a further 31%.
What is the average export price for gasket, packing, and sealing device in the U.S.?
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In 2020, the average export price for gasket, packing, and sealing device amounted to $28,526 per tonne, rising by 26% against the previous year.
What is the average import price for gasket, packing, and sealing device in the U.S.?
+
The average import price for gasket, packing, and sealing device stood at $14,622 per tonne in 2020, surging by 11% against the previous year.

Product coverage:
• NAICS 339991 - Gasket, packing, and sealing device manufacturing

This report provides an in-depth analysis of the market for gasket, packing, and sealing device 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 2025.


Companies mentioned:
• Enpro Industries
• Tweed Greene & Co
• Wika Instrument
• Garlock Sealing Technologies
• John Crane
• Forest City Technologies
• Ilpea Industries
• Acushnet Rubber Company
• L & L Products
• Utex Industries
• Flowserve Fsd Corporation
• Unique Fabricating Incorporated
• A. W. Chesterton Company
• Interface Performance Materials
• Lamons Gasket Company
• Schlegel Systems
• Amesbury Group
• CDI Energy Products
• The Flexitallic Group
• Hutchinson Seal Corporation
• Ghx Industrial
• Coltec Industries
• Fgi Acquisition Corp.
• Federal-Mogul Powertrain
• Henniges Automotive Sealing Systems North America
• Perkinelmer Holdings
• Zephyros
• Chestnut Holdings
• Zd USA Holdings
• Technetics Group

Country coverage:
• USA

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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2013–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2013–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2013–2020
Table 3:
Market Value, 2013–2020
Table 4:
Per Capita Consumption In 2013–2020
Table 5:
Imports, In Physical Terms, By Country, 2013–2020
Table 6:
Imports, In Value Terms, By Country, 2013–2020
Table 7:
Import Prices, By Country Of Origin, 2013–2020
Table 8:
Exports, In Physical Terms, By Country, 2013–2020
Table 9:
Exports, In Value Terms, By Country, 2013–2020
Table 10:
Export Prices, By Country Of Destination, 2013–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2013–2020
Figure 2:
Market Value, 2013–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2013–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2013–2020
Figure 5:
Trade Balance, In Physical Terms, 2013–2020
Figure 6:
Trade Balance, In Value Terms, 2013–2020
Figure 7:
Per Capita Consumption, 2013–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2013–2020
Figure 21:
Production, In Value Terms, 2013–2020
Figure 22:
Imports, In Physical Terms, 2013–2020
Figure 23:
Imports, In Value Terms, 2013–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2013–2020
Figure 26:
Imports, In Value Terms, By Country, 2013–2020
Figure 27:
Import Prices, By Country Of Origin, 2013–2020
Figure 28:
Exports, In Physical Terms, 2013–2020
Figure 29:
Exports, In Value Terms, 2013–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2013–2020
Figure 32:
Exports, In Value Terms, By Country, 2013–2020
Figure 33:
Export Prices, By Country Of Destination, 2013–2020

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