U.S.: Non-Electric Pulley Tackle Market 2024

Non-Electric Pulley Tackle Market Size in the U.S.

In 2022, the U.S. non-electric pulley tackle market increased by 1.2% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +28.8% against 2020 indices. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in years to come.

Non-Electric Pulley Tackle Exports

Exports from the U.S.

In 2022, overseas shipments of pulley tackle and hoists, non-powered by electric motor increased by 2.8% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, showed a mild slump. The pace of growth was the most pronounced in 2014 when exports increased by 19%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-electric pulley tackle exports stood at $X in 2022. Overall, exports, however, continue to indicate a perceptible descent. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Canada (X units) was the main destination for non-electric pulley tackle exports from the United States, accounting for a 67% share of total exports. Moreover, non-electric pulley tackle exports to Canada exceeded the volume sent to the second major destination, Bangladesh (X units), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+47.5% per year) and Mexico (-0.4% per year).

In value terms, Canada ($X) remains the key foreign market for pulley tackle and hoists, non-powered by electric motor exports from the United States, comprising 42% of total exports. The second position in the ranking was held by Mexico ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada totaled -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-0.3% per year) and Bangladesh (+43.6% per year).

Export Prices by Country

In 2022, the average non-electric pulley tackle export price amounted to $X per unit, surging by 6.6% against the previous year. Overall, the export price, however, showed a pronounced curtailment. The pace of growth appeared the most rapid in 2013 an increase of 15%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Bangladesh ($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 Mexico (+0.1%), while the prices for the other major destinations experienced a decline.

Non-Electric Pulley Tackle Imports

Imports into the U.S.

In 2022, imports of pulley tackle and hoists, non-powered by electric motor into the United States dropped to X units, waning by -6.7% compared with the previous year. In general, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +15.5% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 31%. Imports peaked at X units in 2021, and then fell in the following year.

In value terms, non-electric pulley tackle imports skyrocketed to $X in 2022. Overall, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 35%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest non-electric pulley tackle supplier to the United States, with a 65% share of total imports. Moreover, non-electric pulley tackle imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), eightfold. The third position in this ranking was held by Canada (X units), with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+19.3% per year) and Canada (+8.0% per year).

In value terms, China ($X), Mexico ($X) and Canada ($X) constituted the largest non-electric pulley tackle suppliers to the United States, with a combined 62% share of total imports. Japan, the UK, Italy, Taiwan (Chinese) and New Zealand lagged somewhat behind, together comprising a further 19%.

New Zealand, with a CAGR of +67.9%, 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 non-electric pulley tackle import price amounted to $X per unit, jumping by 27% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable shrinkage. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+4.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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