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U.S. - Vehicles Not Mechanically Propelled - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Propelled Vehicle Price in the United States - 2023
Contents:
- Non-Propelled Vehicle Price in the United States (CIF) - 2023
- Non-Propelled Vehicle Price in the United States (FOB) - 2022
- Non-Propelled Vehicle Imports in the United States
- Non-Propelled Vehicle Exports in the United States
Non-Propelled Vehicle Price in the United States (CIF) - 2023
In August 2023, the average non-propelled vehicle import price amounted to $35.0 per unit, rising by 6.8% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in May 2023 an increase of 11% against the previous month. Over the period under review, average import prices reached the peak figure at $41.7 per unit in October 2022; however, from November 2022 to August 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Canada ($183 per unit), while the price for China ($24.2 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Propelled Vehicle Price in the United States (FOB) - 2022
In 2022, the average non-propelled vehicle export price amounted to $265 per unit, growing by 22% against the previous year. Overall, the export price showed a buoyant increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 103% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($565 per unit), while the average price for exports to Saudi Arabia ($85 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+22.4%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Propelled Vehicle Imports in the United States
Non-propelled vehicle imports into the United States expanded notably to 26M units in 2022, with an increase of 7.5% against the previous year's figure. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 94%. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, non-propelled vehicle imports stood at $931M in 2022. The total import value increased at an average annual rate of +12.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 24%. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Non-Propelled Vehicle in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 382 | 397 | 499 | 553 | 13.1% |
Canada | 80.1 | 69.2 | 89.9 | 101 | 8.0% |
Mexico | 66.7 | 82.9 | 98.0 | 78.3 | 5.5% |
Vietnam | 49.1 | 49.7 | 58.0 | 77.8 | 16.6% |
Taiwan (Chinese) | 24.9 | 23.3 | 30.3 | 42.1 | 19.1% |
Others | 55.0 | 45.6 | 51.3 | 79.6 | 13.1% |
Total | 657 | 668 | 826 | 931 | 12.3% |
Top Suppliers of Non-Propelled Vehicle to the United States in 2022:
- China (20.1M units)
- Vietnam (2.8M units)
- Taiwan (Chinese) (0.9M units)
- Mexico (0.8M units)
- Canada (0.5M units)
Non-Propelled Vehicle Exports in the United States
In 2022, shipments abroad of vehicles not mechanically propelled increased by 5.2% to 1.4M units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a sharp shrinkage. The exports peaked at 3.5M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, non-propelled vehicle exports surged to $384M in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 29%. The exports peaked in 2022 and are expected to retain growth in years to come.
Export of Non-Propelled Vehicle in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 103 | 104 | 131 | 154 | 14.3% |
Mexico | 72.6 | 50.5 | 66.1 | 87.3 | 6.3% |
Colombia | 1.7 | 0.8 | 16.8 | 54.1 | 216.9% |
United Kingdom | 9.6 | 5.1 | 8.8 | 10.2 | 2.0% |
Australia | 7.8 | 9.1 | 7.6 | 3.0 | -27.3% |
Saudi Arabia | 1.0 | 1.5 | 5.0 | 2.0 | 26.0% |
Others | 77.1 | 59.8 | 63.3 | 72.9 | -1.8% |
Total | 273 | 231 | 298 | 384 | 12.0% |
Top Export Markets for Non-Propelled Vehicle from the United States in 2022:
- Canada (894.8K units)
- Colombia (182.8K units)
- Mexico (154.7K units)
- Saudi Arabia (24.1K units)
- United Kingdom (17.3K units)
- Australia (7.3K units)
This report provides an in-depth analysis of the non-propelled vehicle market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 30991000 - Vehicles not mechanically propelled including industry trolleys, barrows, luggage trucks, hopper-trucks, hand pulled golf trolleys excluding shopping trolleys
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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