U.S.: Hydraulic Press Market 2024

Hydraulic Press Market Size in the U.S.

In 2022, after two years of growth, there was decline in the U.S. hydraulic press market, when its value decreased by -0.6% to $X. Over the period under review, consumption enjoyed a buoyant increase. Over the period under review, the market hit record highs at $X in 2021, and then reduced in the following year.

Hydraulic Press Production in the U.S.

In value terms, hydraulic press production amounted to $X in 2022. Over the period under review, production recorded a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of 81%. Hydraulic press production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Hydraulic Press Exports

Exports from the U.S.

In 2022, approx. X units of hydraulic presses for working metal were exported from the United States; with a decrease of -26.8% on the year before. Overall, exports showed a mild setback. The pace of growth appeared the most rapid in 2018 when exports increased by 117%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, hydraulic press exports fell dramatically to $X in 2022. Over the period under review, exports showed a pronounced descent. The growth pace was the most rapid in 2021 when exports increased by 155% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X units), India (X units) and China (X units) were the main destinations of hydraulic press exports from the United States, with a combined 77% 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 India (with a CAGR of +41.8%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), India ($X) and Canada ($X) were the largest markets for hydraulic press exported from the United States worldwide, with a combined 75% share of total exports.

India, with a CAGR of +46.1%, 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 hydraulic press export price stood at $X per unit in 2022, shrinking by -5% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 21%. As a result, the export price reached the peak level of $X per unit, and then dropped modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Algeria ($X per unit), while the average price for exports to China ($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 Algeria (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.

Hydraulic Press Imports

Imports into the U.S.

In 2022, after two years of growth, there was decline in overseas purchases of hydraulic presses for working metal, when their volume decreased by -1.1% to X units. Over the period under review, imports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 55%. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, hydraulic press imports declined to $X in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 61%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), the UK (X units) and Italy (X units) were the main suppliers of hydraulic press imports to the United States, together comprising 44% of total imports. Germany, Canada, Taiwan (Chinese), Turkey and Sweden lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +39.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Italy ($X) and Germany ($X) appeared to be the largest hydraulic press suppliers to the United States, together accounting for 53% of total imports. The UK, Turkey, China, Taiwan (Chinese) and Sweden lagged somewhat behind, together accounting for a further 25%.

The UK, with a CAGR of +45.4%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average hydraulic press import price amounted to $X per unit, shrinking by -4.5% against the previous year. In general, the import price, however, showed a notable increase. The pace of growth appeared the most rapid in 2013 an increase of 51% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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