U.S.: 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 the U.S.

In 2021, after six years of growth, there was decline in the U.S. fuel or lubricating pump market, when its value decreased by -3.2% to $X. Overall, consumption, however, posted a buoyant increase. Fuel or lubricating pump consumption peaked at $X in 2020, and then fell in the following year.

Production of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in the U.S.

In value terms, fuel or lubricating pump production plummeted to $X in 2021. Overall, production, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 310%. Over the period under review, production reached the peak level at $X in 2020, and then shrank rapidly in the following year.

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

Exports from the U.S.

In 2021, overseas shipments of fuel, lubricating or cooling-medium pumps for internal combustion engines decreased by less than 0.1% to X units, falling for the fifth consecutive year after five years of growth. In general, exports saw a mild curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by 18% against the previous year. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, fuel or lubricating pump exports reached $X in 2021. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 11% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Mexico (X units), Canada (X units) and China (X units) were the main destinations of fuel or lubricating pump exports from the United States, together accounting for 74% of total exports. The UK, Japan, the United Arab Emirates, Romania and Italy lagged somewhat behind, together comprising a further 13%.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +57.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Canada ($X) and China ($X) were the largest markets for fuel or lubricating pump exported from the United States worldwide, together comprising 54% of total exports. The UK, Japan, Romania, the United Arab Emirates and Italy lagged somewhat behind, together comprising a further 12%.

Among the main countries of destination, Romania, with a CAGR of +63.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average fuel or lubricating pump export price amounted to $X per unit, picking up by 6.6% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 14% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into the U.S.

In 2021, supplies from abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Imports peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, fuel or lubricating pump imports soared to $X in 2021. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Mexico (X units), China (X units) and Japan (X units) were the main suppliers of fuel or lubricating pump imports to the United States, with a combined 67% share of total imports. These countries were followed by South Korea, Germany, Thailand and Canada, which together accounted for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +5.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constituted the largest supplier of fuel, lubricating or cooling-medium pumps for internal combustion engines to the United States, comprising 29% of total imports. The second position in the ranking was taken by Japan ($X), with a 14% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Mexico amounted to +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+2.0% per year) and Germany (-2.6% per year).

Import Prices by Country

The average fuel or lubricating pump import price stood at $X per unit in 2021, with an increase of 4.2% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 15% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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