Price for Engines; Pneumatic Power Engines and Motors, Other than Linear Acting (Cylinders) in the United States - 2024

Contents:

1. Price for Engines; Pneumatic Power Engines and Motors, Other than Linear Acting (Cylinders) in the United States (FOB) - 2022
2. Price for Engines; Pneumatic Power Engines and Motors, Other than Linear Acting (Cylinders) in the United States (CIF) - 2022
3. Exports of Engines; Pneumatic Power Engines and Motors, Other than Linear Acting (Cylinders) in the United States
4. Imports of Engines; Pneumatic Power Engines and Motors, Other than Linear Acting (Cylinders) in the United States

Price for Engines; Pneumatic Power Engines and Motors, Other than Linear Acting (Cylinders) in the United States (FOB) - 2022

In 2022, the average export price for engines; pneumatic power engines and motors, other than linear acting (cylinders)s amounted to $679 per unit, growing by 7.7% against the previous year. Over the period under review, the export price, however, showed a noticeable reduction. The export price peaked at $1.4 thousand per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($2.6 thousand per unit), while the average price for exports to South Korea ($310 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 Germany (+3.4%), while the prices for the other major destinations experienced a decline.

Price for Engines; Pneumatic Power Engines and Motors, Other than Linear Acting (Cylinders) in the United States (CIF) - 2022

In 2022, the average import price for engines; pneumatic power engines and motors, other than linear acting (cylinders)s amounted to $117 per unit, which is down by -2.4% against the previous year. In general, the import price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2020 when the average import price increased by 30%. Over the period under review, average import prices reached the peak figure at $179 per unit 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 the UK ($389 per unit), while the price for South Korea ($29 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Engines; Pneumatic Power Engines and Motors, Other than Linear Acting (Cylinders) in the United States

In 2022, the amount of engines; pneumatic power engines and motors, other than linear acting (cylinders)s exported from the United States soared to 282K units, jumping by 23% against the previous year. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +5.9% 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 +56.0% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 27% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of engines; pneumatic power engines and motors, other than linear acting (cylinders)s soared to $192M in 2022. Overall, exports, however, showed a perceptible slump. The exports peaked at $209M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Engines; Pneumatic Power Engines and Motors, Other than Linear Acting (Cylinders) from the United States in 2022:

1. Canada (110.3K units)
2. South Korea (44.8K units)
3. Mexico (21.0K units)
4. China (20.1K units)
5. Germany (17.6K units)
6. United Kingdom (8.2K units)
7. Japan (7.6K units)
8. Singapore (5.6K units)
9. Saudi Arabia (4.7K units)
10. Australia (4.4K units)
11. France (2.7K units)

Imports of Engines; Pneumatic Power Engines and Motors, Other than Linear Acting (Cylinders) in the United States

In 2022, the amount of engines; pneumatic power engines and motors, other than linear acting (cylinders)s imported into the United States surged to 1.4M units, picking up by 18% compared with the previous year's figure. In general, imports, however, continue to indicate a noticeable reduction. The pace of growth was the most pronounced in 2021 with an increase of 25%. Imports peaked at 1.7M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of engines; pneumatic power engines and motors, other than linear acting (cylinders)s surged to $169M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +5.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 34%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Engines; Pneumatic Power Engines and Motors, Other than Linear Acting (Cylinders) to the United States in 2022:

1. South Korea (340.7K units)
2. China (296.2K units)
3. Germany (157.1K units)
4. Japan (146.8K units)
5. Poland (142.7K units)
6. Italy (99.2K units)
7. Malaysia (77.4K units)

Source: IndexBox Market Intelligence Platform