U.S.: Motor Vehicle Transmission Market 2022

Motor Vehicle Transmission Market Size in the U.S.

The U.S. motor vehicle transmission market fell to $X in 2020, dropping by -X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. From 2019 to 2020, the growth of the market remained at a lower figure.

Motor Vehicle Transmission Production in the U.S.

In value terms, motor vehicle transmission production reduced to $X in 2020. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2020, production stood at a somewhat lower figure.

Motor Vehicle Transmission Exports

Exports from the U.S.

Motor vehicle transmission exports from the United States dropped modestly to X tons in 2020, approximately equating the year before. In general, exports, however, continue to indicate a notable increase. The growth pace was the most rapid in 2017 with an increase of X%. As a result, the exports attained the peak of X tons. From 2018 to 2020, the growth of the exports failed to regain momentum.

In value terms, motor vehicle transmission exports contracted notably to $X in 2020. Over the period under review, exports, however, showed a modest expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2020, the exports failed to regain momentum.

Exports by Country

Mexico (X tons) was the main destination for motor vehicle transmission exports from the United States, accounting for a X% share of total exports. Moreover, motor vehicle transmission exports to Mexico exceeded the volume sent to the second major destination, Canada (X tons), twofold.

From 2013 to 2020, the average annual rate of growth in terms 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, Mexico ($X), Canada ($X) and China ($X) appeared to be the largest markets for motor vehicle transmission exported from the United States worldwide, together comprising X% of total exports.

Among the main countries of destination, China, with a CAGR of +X%, 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 motor vehicle transmission export price stood at $X per ton in 2020, shrinking by -X% against the previous year. In general, the export price showed a slight setback. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2020, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was China ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China (+X%), while the prices for the other major destinations experienced a decline.

Motor Vehicle Transmission Imports

Imports into the U.S.

In 2020, overseas purchases of motor vehicle transmission and power train parts decreased by -X% to X tons, falling for the second year in a row after seven years of growth. Over the period under review, imports, however, enjoyed pronounced growth. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of X tons. From 2019 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, motor vehicle transmission imports reduced remarkably to $X in 2020. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2019, and then fell notably in the following year.

Imports by Country

Mexico (X tons), South Korea (X tons) and China (X tons) were the main suppliers of motor vehicle transmission imports to the United States, together comprising X% of total imports.

From 2013 to 2020, the biggest increases were in South Korea (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constituted the largest supplier of motor vehicle transmission to the United States, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports. It was followed by Canada, with an X% share.

From 2013 to 2020, the average annual rate of growth in terms of value from Mexico totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-X% per year) and Canada (-X% per year).

Import Prices by Country

In 2020, the average motor vehicle transmission import price amounted to $X per ton, with a decrease of -X% against the previous year. Over the period under review, the import price showed a noticeable decline. The pace of growth was the most pronounced in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Canada (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform