Overview of the Global Market for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Market Size for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

The global market for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels surged to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption recorded buoyant growth. Over the period under review, the global market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

In value terms, grease fittings and oil seals production rose markedly to $X in 2022 estimated in export price. In general, production showed a strong expansion. The growth pace was the most rapid in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, global production growth failed to regain momentum.

Exports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Exports

For the sixth year in a row, the global market recorded growth in overseas shipments of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels, which increased by X% to X units in 2022. Over the period under review, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the global exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, grease fittings and oil seals exports expanded markedly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The global exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

In 2022, China (X units) was the largest exporter of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels, generating X% of total exports. It was distantly followed by Germany (X units), creating an X% share of total exports. The following exporters - the Czech Republic (X units) and France (X units) - together made up X% of total exports.

China was also the fastest-growing in terms of the non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels exports, with a CAGR of X% from 2012 to 2022. At the same time, the Czech Republic (X%) and Germany (X%) displayed positive paces of growth. France experienced a relatively flat trend pattern. China (X p.p.) significantly strengthened its position in terms of the global exports, while Germany and France saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest grease fittings and oil seals supplying countries worldwide were China ($X), Germany ($X) and France ($X), with a combined X% share of global exports.

In terms of the main exporting countries, China, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the export price continues to indicate a deep slump. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The global export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other global leaders experienced a decline in the export price figures.

Imports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Imports

For the third year in a row, the global market recorded growth in purchases abroad of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels, which increased by X% to X units in 2022. In general, imports recorded a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Global imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, grease fittings and oil seals imports rose sharply to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Global imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

Germany represented the major importing country with an import of about X units, which finished at X% of total imports. France (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by the Czech Republic (X%) and China (X%). The following importers - Italy (X units), Austria (X units), Denmark (X units), the Netherlands (X units), Poland (X units), the United States (X units), Spain (X units), Finland (X units) and Switzerland (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to grease fittings and oil seals imports into Germany stood at X%. At the same time, Denmark (X%), the Czech Republic (X%), Austria (X%), Finland (X%), France (X%), Italy (X%), Poland (X%), Spain (X%), China (X%), the Netherlands (X%) and Switzerland (X%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. By contrast, the United States (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Germany, France, the Czech Republic, Denmark, Austria and Italy increased by X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), the United States ($X) and China ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of global imports. France, the Netherlands, Switzerland, Italy, Austria, Spain, Poland, Denmark, the Czech Republic and Finland lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels stood at $X per unit in 2022, falling by X% against the previous year. In general, the import price saw a abrupt descent. The growth pace was the most rapid in 2016 when the average import price increased by X%. Global import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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