Northern America: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024

Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Northern America

After five years of growth, the North American fuel or lubricating pump market decreased by -5.7% to $X in 2021. In general, consumption, however, posted a resilient expansion. As a result, consumption reached the peak level of $X, and then fell in the following year.

Production of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Northern America

In value terms, fuel or lubricating pump production contracted dramatically to $X in 2021 estimated in export price. Over the period under review, production, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2016 with an increase of 128%. The level of production peaked at $X in 2020, and then reduced notably in the following year.

Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Exports in Northern America

In 2021, shipments abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines decreased by -2.9% to X units, falling for the fifth year in a row after five years of growth. Over the period under review, exports showed a slight curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 15% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, fuel or lubricating pump exports rose slightly to $X in 2021. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 16%. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The United States was the largest exporter of fuel, lubricating or cooling-medium pumps for internal combustion engines in Northern America, with the volume of exports amounting to X units, which was approx. 72% of total exports in 2021. It was distantly followed by Canada (X units), making up a 28% share of total exports.

The United States was also the fastest-growing in terms of the fuel, lubricating or cooling-medium pumps for internal combustion engines exports, with a CAGR of -1.3% from 2012 to 2021. Canada (-2.7%) illustrated a downward trend over the same period. The United States (+2.7 p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by -2.7% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest fuel or lubricating pump supplier in Northern America, comprising 82% of total exports. The second position in the ranking was held by Canada ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States was relatively modest.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per unit, increasing by 7.8% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2017 when the export price increased by 13%. Over the period under review, the export prices hit record highs in 2021 and is likely to continue growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while Canada stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+3.3%).

Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Imports in Northern America

After two years of decline, purchases abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines increased by 15% to X units in 2021. The total import volume increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, fuel or lubricating pump imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The United States prevails in imports structure, finishing at X units, which was near 94% of total imports in 2021. It was distantly followed by Canada (X units), mixing up a 5.9% share of total imports.

The United States was also the fastest-growing in terms of the fuel, lubricating or cooling-medium pumps for internal combustion engines imports, with a CAGR of +2.4% from 2012 to 2021. Canada (-6.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States increased by +6.4 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported fuel, lubricating or cooling-medium pumps for internal combustion engines in Northern America, comprising 90% of total imports. The second position in the ranking was taken by Canada ($X), with a 10% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled +1.7%.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, with an increase of 4.8% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 15%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per unit), while the United States amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+3.5%).

Source: IndexBox Platform

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