U.S.: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in the U.S.

In 2022, the U.S. market for turbo, rotary and reciporating displacement compressors increased by 11% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +49.1% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from the U.S.

Exports of turbo, rotary and reciporating displacement compressors from the United States skyrocketed to X units in 2022, rising by 31% compared with the year before. Overall, total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -7.2% against 2020 indices. The growth pace was the most rapid in 2014 when exports increased by 33% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of turbo, rotary and reciporating displacement compressors expanded rapidly to $X in 2022. Over the period under review, exports, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2017 when exports increased by 18%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X units), Canada (X units) and Japan (X units) were the main destinations of exports of turbo, rotary and reciporating displacement compressors from the United States, with a combined 78% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +37.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for turbo, rotary and reciporating displacement compressor exported from the United States were Mexico ($X), Canada ($X) and the UK ($X), together accounting for 53% of total exports.

The UK, with a CAGR of +16.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, declining by -15.3% against the previous year. Overall, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2021 an increase of 42% against the previous year. Over the period under review, the average export prices hit record highs 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 for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-0.1%), while the prices for the other major destinations experienced a decline.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into the U.S.

For the third consecutive year, the United States recorded growth in purchases abroad of turbo, rotary and reciporating displacement compressors, which increased by 2.4% to X units in 2022. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 15%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of turbo, rotary and reciporating displacement compressors soared to $X in 2022. In general, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 22% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of turbo, rotary and reciporating displacement compressor to the United States, with a 55% share of total imports. Moreover, imports of turbo, rotary and reciporating displacement compressors from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), fourfold. The third position in this ranking was held by Taiwan (Chinese) (X units), with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+9.8% per year) and Taiwan (Chinese) (+10.6% per year).

In value terms, the largest turbo, rotary and reciporating displacement compressor suppliers to the United States were Mexico ($X), China ($X) and Germany ($X), with a combined 54% share of total imports. Japan, India, Taiwan (Chinese), Thailand and Vietnam lagged somewhat behind, together comprising a further 13%.

Among the main suppliers, Vietnam, with a CAGR of +173.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, increasing by 14% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :