Overview of the Global Market for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Market Size for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

In 2023, the global market for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels 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 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market reached the peak level at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Production of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

In value terms, grease fittings and oil seals production shrank to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, global production reached the maximum level at $X in 2022, and then dropped slightly in the following year.

Exports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Exports

In 2023, the amount of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels exported worldwide totaled X units, growing by X% against 2022. In general, total exports indicated a resilient expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. The global exports peaked in 2023 and are expected to retain growth in the immediate term.

In value terms, grease fittings and oil seals exports expanded markedly to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the global exports attained the peak figure in 2023 and are likely to see steady growth in the near future.

Exports by Country

China dominates exports structure, amounting to X units, which was near X% of total exports in 2023. It was distantly followed by Germany (X units), creating a X% share of total exports. The following exporters - the Czech Republic (X units), India (X units), the United States (X units) and Taiwan (Chinese) (X units) - each finished at a X% share of total exports.

China was also the fastest-growing in terms of the non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels exports, with a CAGR of X% from 2012 to 2023. At the same time, the Czech Republic (X%) and India (X%) displayed positive paces of growth. Taiwan (Chinese) and Germany experienced a relatively flat trend pattern. By contrast, the United States (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the global exports, while Taiwan (Chinese), the United States and Germany saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and the United States ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of global exports.

Among the main exporting countries, China, 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 global leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average export price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels amounted to $X per unit, approximately reflecting the previous year. In general, the export price recorded a mild descent. The pace of growth appeared the most rapid in 2016 an increase of X%. The global export price peaked at $X per unit in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other global leaders experienced more modest paces of growth.

Imports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Imports

In 2023, after two years of growth, there was decline in overseas purchases of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels, when their volume decreased by X% to X units. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, global imports hit record highs at X units in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, grease fittings and oil seals imports declined to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, global imports attained the maximum at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.

Imports by Country

Germany (X units), France (X units) and the United States (X units) represented roughly X% of total imports in 2023. Italy (X units), China (X units), Denmark (X units), the UK (X units), the Czech Republic (X units), the Netherlands (X units), Liberia (X units), Austria (X units), Mexico (X units) and Switzerland (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Denmark (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest grease fittings and oil seals importing markets worldwide were Germany ($X), the United States ($X) and China ($X), with a combined X% share of global imports. France, the Netherlands, Liberia, Italy, Mexico, the UK, Switzerland, Austria, Denmark and the Czech Republic lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Liberia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels stood at $X per unit in 2023, with an increase of X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Global import price peaked at $X per unit in 2020; however, from 2021 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Liberia (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform