U.S.: Market for Fluid Power Valves And Hose Fittings 2024

Market Size for Fluid Power Valves And Hose Fittings in the U.S.

In 2022, the U.S. market for fluid power valves and hose fittings increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2013 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Fluid Power Valves And Hose Fittings in the U.S.

In value terms, production of fluid power valves and hose fittings fell to $X in 2022. The total output value increased at an average annual rate of X% from 2013 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production of attained the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Fluid Power Valves And Hose Fittings

Exports from the U.S.

Exports of fluid power valves and hose fittings from the United States expanded significantly to X tons in 2022, growing by X% on 2021. In general, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, exports of fluid power valves and hose fittings skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico (X tons) was the main destination for exports of fluid power valves and hose fittings from the United States, with a X% share of total exports. Moreover, exports of fluid power valves and hose fittings to Mexico exceeded the volume sent to the second major destination, China (X tons), eightfold. The third position in this ranking was held by Canada (X tons), with a X% share.

From 2013 to 2022, the average annual growth rate of volume to Mexico amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Canada (X% per year).

In value terms, Mexico ($X), Canada ($X) and China ($X) were the largest markets for fluid power valve and hose fitting exported from the United States worldwide, together accounting for X% of total exports.

Among the main countries of destination, Canada, with a CAGR of X%, saw the highest rates of growth with regard to 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 2022, the average export price for fluid power valves and hose fittings amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fluid Power Valves And Hose Fittings

Imports into the U.S.

For the third consecutive year, the United States recorded growth in purchases abroad of fluid power valves and hose fittings, which increased by X% to X tons in 2022. In general, imports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of fluid power valves and hose fittings stood at $X in 2022. The total import value increased at an average annual rate of X% over the period from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

China (X tons), Mexico (X tons) and Japan (X tons) were the main suppliers of imports of fluid power valves and hose fittings to the United States, with a combined X% share of total imports. Italy, Germany, India, South Korea, Vietnam, Taiwan (Chinese), France and Canada lagged somewhat behind, together comprising a further X%.

From 2013 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Germany ($X) and Japan ($X) appeared to be the largest fluid power valve and hose fitting suppliers to the United States, together comprising X% of total imports. China, Italy, South Korea, France, Vietnam, India, Canada and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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 fluid power valves and hose fittings stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the import price recorded a drastic downturn. The growth pace was the most rapid in 2016 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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