Gasket, Packing, and Sealing Device Market in the USA - Key Insights

IndexBox has just published a new report, the U.S. Gasket, Packing, And Sealing Device Market. Analysis And Forecast to 2025. Here is a summary of the report's key findings.

The revenue of the market of gasket, packing, and sealing device in the U.S. amounted to $X in 2017, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption of gasket, packing, and sealing device continues to indicate a pronounced drop. The growth pace was the most rapid in 2015, with an increase of X% year-to-year. In that year, the market for gasket, packing, and sealing device attained its peak level of $X. From 2016 to 2017, the growth of the market for gasket, packing, and sealing device failed to regain its momentum.

Production of Gasket, Packing, And Sealing Device in the USA

In value terms, production of gasket, packing, and sealing device totaled $X in 2017. Overall, production of gasket, packing, and sealing device continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014, when the the output figure increased by X% y-o-y. In that year, production of gasket, packing, and sealing device reached its peak level of $X. From 2015 to 2017, production of gasket, packing, and sealing device growth remained at a somewhat lower figure.

Exports from the USA

Exports of gasket, packing, and sealing device from the U.S. stood at X tons in 2017, jumping by X% against the previous year. In general, exports of gasket, packing, and sealing device continue to indicate a deep slump. The growth pace was the most rapid in 2014, when the exports increased by X% against the previous year. In that year, exports of gasket, packing, and sealing device reached their peak of X tons. From 2015 to 2017, the growth of exports of gasket, packing, and sealing device remained at a somewhat lower figure.

In value terms, exports of gasket, packing, and sealing device totaled $X (IndexBox estimates) in 2017. Overall, exports of gasket, packing, and sealing device continue to indicate a drastic curtailment. In that year, exports of gasket, packing, and sealing device attained their peak of $X. From 2015 to 2017, the growth of exports of gasket, packing, and sealing device remained at a lower figure.

Exports by Country

Germany (X tons), China (X tons) and France (X tons) were the main destinations of exports of gasket, packing, and sealing device from the U.S., together comprising X% of total exports. Taiwan, Chinese, the UK, Australia, Brazil, Saudi Arabia, Colombia, the United Arab Emirates, Chile and China, Hong Kong SAR lagged somewhat behind, together comprising a further X%.

From 2013 to 2017, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by the UK, while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Australia ($X) and Germany ($X) constituted the largest markets for gasket, packing, and sealing device exported from the U.S. worldwide, together accounting for X% of total exports. These countries were followed by France, Brazil, Saudi Arabia, Colombia, Chile, the United Arab Emirates, the UK, Taiwan, Chinese and China, Hong Kong SAR, which together accounted for a further X%.

Export Prices by Country

The average export price for gasket, packing, and sealing device stood at $X per kg in 2017, therefore, remained relatively stable against the previous year. Over the last four years, it increased at an average annual rate of +X%.

Export prices varied noticeably by the country of origin; the country with the highest export price was Australia ($X per kg), while the average price for exports to Taiwan, Chinese ($X per kg) was amongst the lowest.

From 2013 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Colombia, while the export prices for the other major destinations experienced more modest paces of growth.

Imports into the USA

In 2017, the amount of gasket, packing, and sealing device imported into the U.S. stood at X tons, therefore, remained relatively stable against the previous year. The total import volume increased at an average annual rate of +X% from 2013 to 2017; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period.

In value terms, imports of gasket, packing, and sealing device totaled $X (IndexBox estimates) in 2017. The total import value increased at an average annual rate of +X% over the period from 2013 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, imports of gasket, packing, and sealing device attained their peak figure at $X in 2015; however, from 2016 to 2017, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Japan (X tons) and Germany (X tons) were the main suppliers of imports of gasket, packing, and sealing device to the U.S., with a combined X% share of total imports. Taiwan, Chinese, South Korea, Costa Rica and Vietnam lagged somewhat behind, together comprising a further X%.

From 2013 to 2017, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Vietnam, while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Taiwan, Chinese ($X) constituted the largest gasket, packing, and sealing device suppliers to the U.S., together accounting for X% of total imports. Germany, South Korea, Vietnam and Costa Rica lagged somewhat behind, together accounting for a further X%.

Import Prices by Country

The average import price for gasket, packing, and sealing device stood at $X per kg in 2017, increasing by X% against the previous year. In general, the import price for gasket, packing, and sealing device continues to indicate a relatively flat trend pattern.

There were significant differences in the average import prices amongst the major supplying countries. In 2017, the country with the highest import price was Taiwan, Chinese ($X per kg), while the price for Costa Rica ($X per kg) was amongst the lowest.

From 2013 to 2017, the most notable rate of growth in terms of import prices was attained by Vietnam, while the import prices for the other major suppliers experienced more modest paces of growth.

Companies Mentioned in the Report

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

Source: IndexBox Market Intelligence Platform