U.S.: Market for Pump And Pumping Equipment 2024

Market Size for Pump And Pumping Equipment in the U.S.

The U.S. pump and pumping equipment market fell sharply to $X in 2022, reducing by X% against the previous year. In general, consumption, however, showed a remarkable increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Pump And Pumping Equipment in the U.S.

In value terms, pump and pumping equipment production reached $X in 2022. Over the period under review, production, however, saw a slight decline. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Pump And Pumping Equipment

Exports from the U.S.

For the third consecutive year, the United States recorded growth in shipments abroad of pump and pumping equipment, which increased by X% to X units in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, pump and pumping equipment exports expanded sharply to $X in 2022. In general, exports, however, continue to indicate a pronounced downturn. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X units) was the main destination for pump and pumping equipment exports from the United States, with a X% share of total exports. Moreover, pump and pumping equipment exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), fivefold. The third position in this ranking was held by China (X units), with a X% share.

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

In value terms, Canada ($X) remains the key foreign market for pump and pumping equipment exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average pump and pumping equipment export price amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the export price saw a significant curtailment. The pace of growth appeared the most rapid in 2018 an increase of X%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 the UK ($X per unit), while the average price for exports to Argentina ($X per unit) was amongst the lowest.

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

Imports of Pump And Pumping Equipment

Imports into the U.S.

In 2022, supplies from abroad of pump and pumping equipment decreased by X% to X units, falling for the second consecutive year after eight years of growth. Overall, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, pump and pumping equipment imports rose remarkably to $X in 2022. Over the period under review, imports showed a perceptible decrease. The growth pace was the most rapid in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest pump and pumping equipment supplier to the United States, accounting for a X% share of total imports. Moreover, pump and pumping equipment imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), fivefold. Mexico (X units) ranked third in terms of total imports with an X% share.

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

In value terms, the largest pump and pumping equipment suppliers to the United States were China ($X), Mexico ($X) and Germany ($X), with a combined X% share of total imports. Italy, Taiwan (Chinese), Thailand, South Korea and the Netherlands lagged somewhat behind, together comprising a further X%.

Thailand, with a CAGR of X%, 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

The average pump and pumping equipment import price stood at $X per unit in 2022, jumping by X% against the previous year. In general, the import price, however, faced a abrupt contraction. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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