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U.S. - Hydraulic Cylinders And Systems - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hydraulic Cylinder and System in the United States - 2023
Contents:
- Price for Hydraulic Cylinder and System in the United States (CIF) - 2023
- Price for Hydraulic Cylinder and System in the United States (FOB) - 2022
- Imports of Hydraulic Cylinder and System in the United States
- Exports of Hydraulic Cylinder and System in the United States
Price for Hydraulic Cylinder and System in the United States (CIF) - 2023
The average hydraulic cylinder and system import price stood at $224 per unit in July 2023, picking up by 11% against the previous month. Over the period under review, import price indicated a temperate increase from July 2022 to July 2023: its price increased at an average monthly rate of +3.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, hydraulic cylinder and system import price increased by +18.4% against May 2023 indices. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 25% against the previous month. The import price peaked in July 2023.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was South Korea ($559 per unit), while the price for Brazil ($50.9 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hydraulic Cylinder and System in the United States (FOB) - 2022
The average hydraulic cylinder and system export price stood at $908 per unit in 2022, remaining stable against the previous year. Overall, the export price, however, showed a slight curtailment. The pace of growth appeared the most rapid in 2020 when the average export price increased by 19% against the previous year. As a result, the export price attained the peak level of $1,171 per unit. From 2021 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Norway ($0.2 per unit) and Mexico ($0.2 per unit), while the average price for exports to Australia ($0.2 per unit) and Singapore ($0.2 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hydraulic Cylinder and System in the United States
Hydraulic cylinder and system imports into the United States skyrocketed to 12M units in 2022, with an increase of 27% on the previous year's figure. Over the period under review, imports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 135% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, hydraulic cylinder and system imports skyrocketed to $1.6B in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Hydraulic Cylinder and System in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 189 | 165 | 214 | 254 | 10.4% |
China | 199 | 127 | 163 | 223 | 3.9% |
South Korea | 148 | 84.2 | 138 | 161 | 2.8% |
Japan | 159 | 114 | 116 | 140 | -4.2% |
United Kingdom | 153 | 128 | 102 | 131 | -5.0% |
Germany | 130 | 106 | 118 | 127 | -0.8% |
Mexico | 64.5 | 68.6 | 91.0 | 114 | 20.9% |
France | 111 | 64.5 | 75.6 | 78.4 | -10.9% |
India | 27.1 | 17.9 | 36.2 | 55.8 | 27.2% |
Philippines | 100 | 56.7 | 42.0 | 54.4 | -18.4% |
Italy | 43.9 | 40.5 | 48.3 | 52.3 | 6.0% |
Others | 199 | 164 | 188 | 222 | 3.7% |
Total | 1,523 | 1,136 | 1,332 | 1,613 | 1.9% |
Top Suppliers of Hydraulic Cylinder and System to the United States in 2022:
- Canada (1955.1M units)
- China (1720.6M units)
- South Korea (1242.0M units)
- Japan (1074.7M units)
- United Kingdom (1005.7M units)
- Germany (981.9M units)
- Mexico (879.5M units)
- France (603.8M units)
- India (429.5M units)
- Philippines (418.9M units)
- Italy (403.1M units)
Exports of Hydraulic Cylinder and System in the United States
In 2022, the amount of hydraulic cylinders and systems exported from the United States skyrocketed to 1.4M units, picking up by 20% against the year before. In general, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +13.4% 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 +96.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 64% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, hydraulic cylinder and system exports soared to $1.3B in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +10.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 26% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
Export of Hydraulic Cylinder and System in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 194 | 156 | 171 | 215 | 3.5% |
Mexico | 76.4 | 60.0 | 74.7 | 102 | 10.1% |
United Kingdom | 103 | 86.8 | 86.1 | 102 | -0.3% |
Morocco | 2.3 | 31.2 | 125 | 98.1 | 249.4% |
France | 35.4 | 31.2 | 88.3 | 96.2 | 39.5% |
Brazil | 68.0 | 52.7 | 75.0 | 88.9 | 9.3% |
Germany | 43.3 | 32.8 | 42.6 | 59.4 | 11.1% |
China | 39.6 | 48.3 | 31.4 | 58.2 | 13.7% |
Australia | 36.8 | 35.7 | 30.8 | 40.2 | 3.0% |
India | 5.7 | 8.1 | 40.5 | 39.4 | 90.5% |
Singapore | 23.3 | 25.3 | 26.6 | 36.3 | 15.9% |
Italy | 21.4 | 26.4 | 26.3 | 35.1 | 17.9% |
Norway | 27.3 | 25.8 | 23.0 | 28.8 | 1.8% |
Others | 260 | 208 | 204 | 265 | 0.6% |
Total | 937 | 829 | 1,046 | 1,264 | 10.5% |
Top Export Markets for Hydraulic Cylinder and System from the United States in 2022:
- Canada (985.6M units)
- United Kingdom (469.3M units)
- Mexico (465.7M units)
- Morocco (450.0M units)
- France (441.6M units)
- Brazil (407.9M units)
- Germany (272.5M units)
- China (267.1M units)
- Australia (184.5M units)
- India (180.8M units)
- Singapore (166.5M units)
- Italy (161.0M units)
- Norway (132.2M units)
This report provides an in-depth analysis of the market for hydraulic cylinder and system 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 28121130 - Hydraulic cylinders
- Prodcom 28121630 - Hydraulic systems (power packs with actuators)
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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Discover the top import markets for hydraulic cylinders and systems based on data from the IndexBox market intelligence platform. Explore key statistics and insights on the global market for these essential components.
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