U.S.: Truck Trailer Market 2024

Truck Trailer Market Size in the U.S.

In 2022, the U.S. truck trailer market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a resilient expansion from 2013 to 2022: its value increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Truck Trailer Production in the U.S.

In value terms, truck trailer production contracted modestly to $X in 2022. The total output 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. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Truck Trailer Exports

Exports from the U.S.

In 2022, shipments abroad of truck trailers increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports saw a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. 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, truck trailer exports skyrocketed to $X in 2022. Overall, total exports indicated measured growth from 2013 to 2022: its value increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X units) was the main destination for truck trailer exports from the United States, accounting for a X% share of total exports. Moreover, truck trailer exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), sixfold.

From 2013 to 2022, the average annual rate of growth in terms of volume to Canada amounted to X%.

In value terms, Canada ($X) remains the key foreign market for truck trailers exports from the United States, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with a X% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of value to Canada totaled X%.

Export Prices by Country

In 2022, the average truck trailer export price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt decrease. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Canada stood at $X per unit.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%).

Truck Trailer Imports

Imports into the U.S.

After two years of growth, overseas purchases of truck trailers decreased by X% to X units in 2022. In general, imports, however, recorded prominent growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at X units in 2021, and then dropped significantly in the following year.

In value terms, truck trailer imports surged to $X in 2022. Overall, imports, however, saw a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest truck trailer supplier to the United States, accounting for a X% share of total imports. Moreover, truck trailer imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), twofold.

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: Mexico (X% per year) and Canada (X% per year).

In value terms, Mexico ($X) constituted the largest supplier of truck trailers to the United States, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

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: Canada (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average truck trailer import price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price continues to indicate a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per unit), while the price for China ($X per unit) 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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