U.S.: Market for Machinery for Liquefying Air or Gases 2024

Market Size for Machinery for Liquefying Air or Gases in the U.S.

The U.S. air or gas liquefier market dropped notably to $X in 2022, which is down by -66.4% against the previous year. Overall, consumption showed a mild reduction. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Machinery for Liquefying Air or Gases in the U.S.

In value terms, air or gas liquefier production declined significantly to $X in 2022. Over the period under review, production continues to indicate a noticeable reduction. The growth pace was the most rapid in 2016 with an increase of 183% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Exports of Machinery for Liquefying Air or Gases

Exports from the U.S.

In 2022, shipments abroad of machinery for liquefying air or gases decreased by -5.6% to X units, falling for the second year in a row after four years of growth. In general, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 150% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, air or gas liquefier exports shrank dramatically to $X in 2022. Overall, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 96%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X units), Canada (X units) and French Guiana (X units) were the main destinations of air or gas liquefier exports from the United States, together comprising 53% of total exports.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +4.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for air or gas liquefier exported from the United States were Canada ($X), Mexico ($X) and South Korea ($X), with a combined 65% share of total exports. These countries were followed by China, Germany, Saudi Arabia, Barbados, Liberia, Guyana and French Guiana, which together accounted for a further 13%.

Among the main countries of destination, Liberia, with a CAGR of +46.3%, saw the highest growth rate of 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

The average air or gas liquefier export price stood at $X per unit in 2022, with a decrease of -16.1% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 55%. As a result, the export price reached the peak level of $X per unit, and then fell significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to French Guiana ($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 Liberia (+43.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machinery for Liquefying Air or Gases

Imports into the U.S.

After five years of growth, overseas purchases of machinery for liquefying air or gases decreased by -97.2% to X units in 2022. In general, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 3,968% against the previous year. As a result, imports attained the peak of X units, and then declined notably in the following year.

In value terms, air or gas liquefier imports dropped rapidly to $X in 2022. Overall, imports, however, saw tangible growth. The pace of growth was the most pronounced in 2014 when imports increased by 135% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest air or gas liquefier supplier to the United States, with a 37% share of total imports. Moreover, air or gas liquefier imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by Germany (X units), with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates amounted to +188.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+22.3% per year) and Germany (+28.2% per year).

In value terms, the largest air or gas liquefier suppliers to the United States were China ($X), Germany ($X) and Argentina ($X), with a combined 49% share of total imports.

Argentina, with a CAGR of +153.1%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 air or gas liquefier import price amounted to $X per unit, growing by 1,687% against the previous year. Overall, the import price, however, recorded a deep contraction. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+11.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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