U.S.: Pile-Driver Market 2024

Pile-Driver Market Size in the U.S.

After three years of growth, the U.S. pile-driver market decreased by -10.1% to $X in 2021. Over the period under review, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +37.5% against 2017 indices. Over the period under review, the market hit record highs at $X in 2020, and then fell in the following year.

Pile-Driver Exports

Exports from the U.S.

In 2021, overseas shipments of pile-drivers and pile-extractors decreased by -24% to X units, falling for the fourth consecutive year after two years of growth. Over the period under review, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2013 with an increase of 29% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, pile-driver exports shrank markedly to $X in 2021. Overall, exports recorded a perceptible setback. The most prominent rate of growth was recorded in 2016 with an increase of 67% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X units) was the main destination for pile-driver exports from the United States, with a 59% share of total exports. Moreover, pile-driver exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), fivefold. The Netherlands (X units) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada totaled -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+23.5% per year) and the Netherlands (+2.1% per year).

In value terms, Canada ($X) remains the key foreign market for pile-drivers and pile-extractors exports from the United States, comprising 59% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an 11% share of total exports. It was followed by Mexico, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Canada stood at -5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+5.7% per year) and Mexico (+13.5% per year).

Export Prices by Country

The average pile-driver export price stood at $X per unit in 2021, reducing by -4.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2016 when the average export price increased by 51% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Mozambique ($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 (+25.4%), while the prices for the other major destinations experienced more modest paces of growth.

Pile-Driver Imports

Imports into the U.S.

In 2021, overseas purchases of pile-drivers and pile-extractors decreased by -19.5% to X units for the first time since 2018, thus ending a two-year rising trend. In general, total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 36%. Imports peaked at X units in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, pile-driver imports reduced slightly to $X in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 37%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of pile-driver to the United States, accounting for a 77% share of total imports. Moreover, pile-driver imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), eightfold. Canada (X units) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.9% per year) and Canada (-7.2% per year).

In value terms, Germany ($X) constituted the largest supplier of pile-drivers and pile-extractors to the United States, comprising 39% of total imports. The second position in the ranking was held by Canada ($X), with a 16% share of total imports. It was followed by Turkey, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+5.3% per year) and Turkey (+26.9% per year).

Import Prices by Country

The average pile-driver import price stood at $X per unit in 2021, with an increase of 19% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 48%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+13.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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