U.S.: Motor Vehicle Transmission Market 2024

Motor Vehicle Transmission Market Size in the U.S.

For the third consecutive year, the U.S. motor vehicle transmission market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption posted significant growth. Motor vehicle transmission consumption peaked in 2022 and is expected to retain growth in the immediate term.

Motor Vehicle Transmission Exports

Exports from the U.S.

In 2022, after nine years of growth, there was decline in shipments abroad of motor vehicle transmission and power train parts, when their volume decreased by X% to X tons. Over the period under review, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then contracted slightly in the following year.

In value terms, motor vehicle transmission exports surged 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 throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico (X tons) was the main destination for motor vehicle transmission exports from the United States, with a X% share of total exports. Moreover, motor vehicle transmission exports to Mexico exceeded the volume sent to the second major destination, China (X tons), more than tenfold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2020 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: China (X% per year) and Germany (X% per year).

In value terms, the largest markets for motor vehicle transmission exported from the United States were Mexico ($X), Canada ($X) and China ($X), together accounting for X% of total exports. Germany, India and Poland lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, India, with a CAGR of X%, recorded 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 motor vehicle transmission export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2020 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced mixed trend patterns.

Motor Vehicle Transmission Imports

Imports into the U.S.

For the third year in a row, the United States recorded growth in supplies from abroad of motor vehicle transmission and power train parts, which increased by X% to X tons in 2022. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, motor vehicle transmission imports amounted to $X in 2022. The total import value increased at an average annual rate of X% from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

South Korea (X tons), Japan (X tons) and Mexico (X tons) were the main suppliers of motor vehicle transmission imports to the United States, with a combined X% share of total imports.

From 2013 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constituted the largest supplier of motor vehicle transmission and power train parts to the United States, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

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

Import Prices by Country

In 2022, the average motor vehicle transmission import price amounted to $X per ton, reducing by X% against the previous year. Overall, the import price faced a significant curtailment. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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