Latest Report Update: Jul 4, 2020

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 2020

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

In 2019, the U.S. market for gasket, packing, and sealing device increased by X% to $X, rising for the third consecutive year after two years of decline. Overall, consumption saw a resilient expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

In value terms, gasket, packing, and sealing device production stood at $X in 2019. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. As a result, production attained the peak level of $X. From 2015 to 2019, production growth failed to regain the momentum.

Exports of Gasket, Packing, And Sealing Device

Exports from the U.S.

In 2019, gasket, packing, and sealing device exports from the U.S. contracted to X tonnes, waning by -X% compared with the previous year. The total export volume increased at an average annual rate of +X% over the period from 2013 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at X tonnes in 2016; however, from 2017 to 2019, exports stood at a somewhat lower figure.

In value terms, gasket, packing, and sealing device exports contracted remarkably to $X in 2019. Over the period under review, exports, however, recorded a perceptible reduction. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, exports attained the peak figure at $X in 2018, and then contracted sharply in the following year.

Exports by Country

Mexico (X tonnes) was the main destination for gasket, packing, and sealing device exports from the U.S., with a X% share of total exports. Moreover, gasket, packing, and sealing device exports to Mexico exceeded the volume sent to the second major destination, Canada (X tonnes), twofold. The third position in this ranking was occupied by China (X tonnes), with a X% share.

From 2013 to 2019, the average annual growth rate of volume to Mexico stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-X% per year) and China (-X% per year).

In value terms, Canada ($X), Mexico ($X) and China ($X) were the largest markets for gasket, packing, and sealing device exported from the U.S. worldwide, with a combined X% share of total exports. Singapore, the UK, Japan, South Korea, Germany, Brazil, the United Arab Emirates, France and Spain lagged somewhat behind, together accounting for a further X the main countries of destination, the United Arab Emirates saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for gasket, packing, and sealing device stood at $X per tonne in 2019, reducing by -X% against the previous year. Overall, the export price saw a pronounced decline. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. As a result, export price attained the peak level of $X per tonne. From 2018 to 2019, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Singapore ($X per tonne), while the average price for exports to Spain ($X per tonne) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the UK, 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.

In 2019, purchases abroad of gasket, packing, and sealing device increased by X% to X tonnes, rising for the third consecutive year after two years of decline. In general, imports continue to indicate a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, gasket, packing, and sealing device imports reduced slightly to $X in 2019. The total import value increased at an average annual rate of +X% from 2013 to 2019; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. Imports peaked at $X in 2018, and then declined slightly in the following year.

Imports by Country

Mexico (X tonnes), China (X tonnes) and Taiwan, Chinese (X tonnes) were the main suppliers of gasket, packing, and sealing device imports to the U.S., together comprising X% of total imports. These countries were followed by Austria, Japan, Viet Nam and Germany, which together accounted for a further X 2013 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest gasket, packing, and sealing device suppliers to the U.S. were Mexico ($X), Japan ($X) and China ($X), together accounting for X% of total imports. These countries were followed by Germany, Taiwan, Chinese, Viet Nam and Austria, which together accounted for a further X the main suppliers, Viet Nam 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 import price for gasket, packing, and sealing device stood at $X per tonne in 2019, which is down by -X% against the previous year. Overall, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2016; however, from 2017 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Germany ($X per tonne), while the price for Austria ($X per tonne) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of gasket, packing, and sealing device to the U.S.?
+
In value terms, Mexico ($676M), Japan ($407M) and China ($328M) appeared to be the largest gasket, packing, and sealing device suppliers to the U.S., with a combined 48% share of total imports. These countries were followed by Germany, Taiwan, Chinese, Viet Nam and Austria, which together accounted for a further 19%.
What are the leading importers of gasket, packing, and sealing device from the U.S.?
+
In value terms, Canada ($634M), Mexico ($568M) and China ($149M) appeared to be the largest markets for gasket, packing, and sealing device exported from the U.S. worldwide, together accounting for 51% of total exports. These countries were followed by Singapore, the UK, Japan, South Korea, Germany, Brazil, the United Arab Emirates, France and Spain, which together accounted for a further 22%.
What is the average export price for gasket, packing, and sealing device in the U.S.?
+
The average export price for gasket, packing, and sealing device stood at $21,045 per tonne in 2019, waning by -22.3% 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 $1,362 per tonne in 2019, with a decrease of -63.7% 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 2013–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2013–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2013–2019
Table 3:
Market Value, 2013–2019
Table 4:
Per Capita Consumption In 2013–2019
Table 5:
Imports, In Physical Terms, By Country, 2013–2019
Table 6:
Imports, In Value Terms, By Country, 2013–2019
Table 7:
Import Prices, By Country Of Origin, 2013–2019
Table 8:
Exports, In Physical Terms, By Country, 2013–2019
Table 9:
Exports, In Value Terms, By Country, 2013–2019
Table 10:
Export Prices, By Country Of Destination, 2013–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2013–2019
Figure 2:
Market Value, 2013–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2013–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2013–2019
Figure 5:
Trade Balance, In Physical Terms, 2013–2019
Figure 6:
Trade Balance, In Value Terms, 2013–2019
Figure 7:
Per Capita Consumption, 2013–2019
Figure 8:
Market Forecast To 2025
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, 2013–2019
Figure 21:
Production, In Value Terms, 2013–2019
Figure 22:
Imports, In Physical Terms, 2013–2019
Figure 23:
Imports, In Value Terms, 2013–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2013–2019
Figure 26:
Imports, In Value Terms, By Country, 2013–2019
Figure 27:
Import Prices, By Country Of Origin, 2013–2019
Figure 28:
Exports, In Physical Terms, 2013–2019
Figure 29:
Exports, In Value Terms, 2013–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2013–2019
Figure 32:
Exports, In Value Terms, By Country, 2013–2019
Figure 33:
Export Prices, By Country Of Destination, 2013–2019

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