Global Fuel Filter Market 2024

Fuel Filter Market Size

For the fourth consecutive year, the global fuel filter market recorded growth in sales value, which increased by 8.1% to $X in 2022. In general, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +63.1% against 2015 indices. Over the period under review, the global market attained the maximum level in 2022 and is likely to continue growth in the immediate term.

Fuel Filter Production

In value terms, fuel filter production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2018 when the production volume increased by 71% against the previous year. Global production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Fuel Filter Exports

Exports

Global fuel filter exports declined modestly to X units in 2022, waning by -2.2% against 2021. The total export volume increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 36% against the previous year. The global exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, fuel filter exports totaled $X in 2022. The total export value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China was the main exporter of oil or petrol-filters for internal combustion engines in the world, with the volume of exports amounting to X units, which was near 43% of total exports in 2022. The United States (X units) took the second position in the ranking, followed by Germany (X units). All these countries together held near 18% share of total exports. The following exporters - Turkey (X units), India (X units), Mexico (X units), the Czech Republic (X units), Tunisia (X units), France (X units), South Korea (X units), Poland (X units), Thailand (X units) and Belgium (X units) - together made up 23% of total exports.

From 2012 to 2022, average annual rates of growth with regard to fuel filter exports from China stood at +7.7%. At the same time, Turkey (+18.7%), India (+14.2%), Tunisia (+10.6%), Thailand (+8.7%), South Korea (+5.6%), the Czech Republic (+2.9%) and Mexico (+1.2%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +18.7% from 2012-2022. Poland and the United States experienced a relatively flat trend pattern. By contrast, Germany (-1.5%), France (-3.3%) and Belgium (-5.2%) illustrated a downward trend over the same period. While the share of China (+18 p.p.), Turkey (+2.4 p.p.) and India (+1.9 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of France (-1.5 p.p.), Belgium (-1.8 p.p.), the United States (-3 p.p.) and Germany (-3.7 p.p.) displayed negative dynamics. 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) were the countries with the highest levels of exports in 2022, together comprising 46% of global exports. Mexico, the Czech Republic, France, Poland, Belgium, Turkey, Thailand, India, South Korea and Tunisia lagged somewhat behind, together accounting for a further 29%.

Turkey, with a CAGR of +14.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average fuel filter export price amounted to $X per unit, surging by 6.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2019 when the average export price increased by 26% against the previous year. The global export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a 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 Mexico ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+8.3%), while the other global leaders experienced more modest paces of growth.

Fuel Filter Imports

Imports

Global fuel filter imports reduced to X units in 2022, with a decrease of -5.9% against the previous year. Overall, imports, however, showed a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of 36%. Over the period under review, global imports reached the maximum at X units in 2021, and then shrank in the following year.

In value terms, fuel filter imports rose to $X in 2022. The total import value increased at an average annual rate of +3.6% 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 2021 when imports increased by 22%. Global imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

The United States (X units) and Mozambique (X units) represented roughly 49% of total imports in 2022. Russia (X units), Germany (X units), Brazil (X units), Canada (X units), China (X units), France (X units), Australia (X units) and the UK (X units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Mozambique (with a CAGR of +20.9%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest fuel filter importing markets worldwide were the United States ($X), Germany ($X) and Canada ($X), together accounting for 27% of global imports.

Among the main importing countries, the United States, with a CAGR of +6.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average fuel filter import price amounted to $X per unit, with an increase of 10% against the previous year. Overall, the import price, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2014 an increase of 25% against the previous year. Global import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($X per unit), while Mozambique (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+5.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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