U.S.: Market for Motor Vehicle Seating And Interior Trim 2024

Market Size for Motor Vehicle Seating And Interior Trim in the U.S.

In 2022, after three years of growth, there was significant decline in the U.S. market for motor vehicle seating and interior trim, when its value decreased by X% to $X. Overall, consumption, however, posted a buoyant expansion. Over the period under review, the market attained the peak level at $X in 2021, and then reduced in the following year.

Production of Motor Vehicle Seating And Interior Trim in the U.S.

In value terms, production of motor vehicle seating and interior trim fell to $X in 2022. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production of hit record highs at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Motor Vehicle Seating And Interior Trim

Exports from the U.S.

In 2022, shipments abroad of motor vehicle seating and interior trim decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports of attained the maximum at X tons in 2021, and then contracted rapidly in the following year.

In value terms, exports of motor vehicle seating and interior trim rose notably to $X in 2022. In general, exports showed a perceptible setback. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X tons) was the main destination for exports of motor vehicle seating and interior trim from the United States, with a X% share of total exports. Moreover, exports of motor vehicle seating and interior trim to Mexico exceeded the volume sent to the second major destination, Canada (X tons), threefold. Hungary (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, Mexico ($X), Canada ($X) and Brazil ($X) constituted the largest markets for motor vehicle seating and interior trim exported from the United States worldwide, with a combined X% share of total exports. China, Japan, Australia, Egypt, Hungary and Argentina lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Hungary, 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

The average export price for motor vehicle seating and interior trim stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price, however, recorded a pronounced decline. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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

Imports of Motor Vehicle Seating And Interior Trim

Imports into the U.S.

After four years of growth, supplies from abroad of motor vehicle seating and interior trim decreased by X% to X tons in 2022. In general, imports, however, recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, imports of motor vehicle seating and interior trim reached $X in 2022. The total import value increased at an average annual rate of X% from 2013 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Mexico (X tons) constituted the largest motor vehicle seating and interior trim supplier to the United States, with a X% share of total imports. Moreover, imports of motor vehicle seating and interior trim from Mexico exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. 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 from Mexico amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Canada (X% per year).

In value terms, Mexico ($X) constituted the largest supplier of motor vehicle seating and interior trim to the United States, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value from Mexico totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average import price for motor vehicle seating and interior trim amounted to $X per ton, jumping by X% against the previous year. Overall, the import price, however, recorded a dramatic contraction. The import price peaked at $X,785 per ton 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 Mexico ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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