Price for Vehicles; Mobile Drilling Derricks in the United States - 2023
Contents:
- Price for Vehicles; Mobile Drilling Derricks in the United States (FOB) - 2023
- Price for Vehicles; Mobile Drilling Derricks in the United States (CIF) - 2023
- Exports of Vehicles; Mobile Drilling Derricks in the United States
- Imports of Vehicles; Mobile Drilling Derricks in the United States
Price for Vehicles; Mobile Drilling Derricks in the United States (FOB) - 2023
The average vehicles; mobile drilling derricks export price stood at $275K per unit in October 2023, surging by 26% against the previous month. In general, the export price recorded a buoyant expansion. The pace of growth was the most pronounced in November 2022 when the average export price increased by 170% month-to-month. As a result, the export price attained the peak level of $328K per unit; afterwards, it flattened through to October 2023.
As there is only one major export destination, the average price level is determined by prices for Canada.
From October 2022 to October 2023, the rate of growth in terms of prices for the United Arab Emirates amounted to +53.1% per month.
Price for Vehicles; Mobile Drilling Derricks in the United States (CIF) - 2023
In October 2023, the average vehicles; mobile drilling derricks import price amounted to $971K per unit, increasing by 12% against the previous month. Over the period under review, the import price posted a resilient expansion. The pace of growth appeared the most rapid in September 2023 when the average import price increased by 1,483% month-to-month. Over the period under review, average import prices reached the maximum at $1.2M per unit in November 2022; however, from December 2022 to October 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Canada.
From October 2022 to October 2023, the rate of growth in terms of prices for Canada amounted to +5.2% per month.
Exports of Vehicles; Mobile Drilling Derricks in the United States
In 2022, the amount of vehicles; mobile drilling derrickses exported from the United States soared to 106 units, increasing by 16% compared with the year before. The total export volume increased at an average annual rate of +8.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, vehicles; mobile drilling derricks exports surged to $26M in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +19.9% 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 +72.2% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Vehicles; Mobile Drilling Derricks in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 8.8 | 11.1 | 12.5 | 18.9 | 29.0% |
| Mexico | 3.5 | 2.6 | 1.6 | 1.5 | -24.6% |
| Peru | 0.9 | N/A | N/A | 1.2 | 10.1% |
| United Arab Emirates | N/A | N/A | 0.1 | 0.9 | 800.0% |
| Cambodia | N/A | N/A | N/A | 0.3 | 0% |
| Others | 2.0 | 4.4 | 2.5 | 3.2 | 17.0% |
| Total | 15.1 | 18.1 | 16.7 | 26.0 | 19.9% |
Top Export Markets for Vehicles; Mobile Drilling Derricks from the United States in 2022:
- Canada (70.0 units)
- United Arab Emirates (11.0 units)
- Mexico (10.0 units)
- Cambodia (4.0 units)
- Peru (3.0 units)
Imports of Vehicles; Mobile Drilling Derricks in the United States
In 2022, approx. 35 units of vehicles; mobile drilling derrickses were imported into the United States; picking up by 46% on 2021 figures. Overall, total imports indicated perceptible growth from 2019 to 2022: its volume increased at an average annual rate of +2.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, vehicles; mobile drilling derricks imports surged to $16M in 2022. In general, imports saw buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Vehicles; Mobile Drilling Derricks in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 7.7 | 8.9 | 6.2 | 16.0 | 27.6% |
| Mexico | N/A | N/A | N/A | 0.3 | 0% |
| Germany | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Poland | N/A | N/A | 0.9 | N/A | 0% |
| Italy | 2.6 | 1.5 | 1.1 | N/A | -35.0% |
| Others | 0.5 | N/A | 0.2 | N/A | -36.8% |
| Total | 10.9 | 10.3 | 8.4 | 16.3 | 14.4% |
Top Suppliers of Vehicles; Mobile Drilling Derricks to the United States in 2022:
- Canada (32.0 units)
- Mexico (2.0 units)
- Germany (1.0 units)
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