U.S.: Market for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels 2022

Market Size for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in the U.S.

In 2021, the U.S. market for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels decreased by -13.8% to $X for the first time since 2017, thus ending a three-year rising trend. In general, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +63.7% against 2017 indices. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Production of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in the U.S.

In value terms, grease fittings and oil seals production contracted to $X in 2021. In general, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +62.4% against 2017 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by 41% against the previous year. As a result, production reached the peak level of $X, and then declined in the following year.

Exports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Exports from the U.S.

In 2021, overseas shipments of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels increased by 22% to X units, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when exports increased by 31%. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, grease fittings and oil seals exports surged to $X in 2021. The total export value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand (X units), Mexico (X units) and China (X units) were the main destinations of grease fittings and oil seals exports from the United States, together accounting for 37% of total exports.

From 2012 to 2021, the biggest increases were in Thailand (with a CAGR of +48.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for grease fittings and oil seals exported from the United States were Thailand ($X), Mexico ($X) and Canada ($X), with a combined 43% share of total exports.

Among the main countries of destination, Thailand, with a CAGR of +54.3%, recorded 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

In 2021, the average export price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels amounted to $X per unit, growing by 15% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per unit), while the average price for exports to Brazil ($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 Thailand (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Imports into the U.S.

In 2021, after two years of decline, there was significant growth in overseas purchases of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels, when their volume increased by 38% to X units. The total import volume increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, grease fittings and oil seals imports surged to $X in 2021. The total import value increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico (X units), Canada (X units) and Germany (X units) were the main suppliers of grease fittings and oil seals imports to the United States, together accounting for 54% of total imports. These countries were followed by China, South Korea, Japan, the UK, India, Italy, Taiwan (Chinese) and the Netherlands, which together accounted for a further 36%.

From 2012 to 2021, the biggest increases were in South Korea (with a CAGR of +26.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest grease fittings and oil seals suppliers to the United States were Mexico ($X), Germany ($X) and Canada ($X), together accounting for 56% of total imports. China, Japan, the UK, Italy, Taiwan (Chinese), South Korea, the Netherlands and India lagged somewhat behind, together accounting for a further 31%.

South Korea, with a CAGR of +22.3%, saw 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

The average import price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels stood at $X per unit in 2021, declining by -2.4% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 9.2%. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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