Seals; Mechanical Price in the United States - 2023
Contents:
- Seals; Mechanical Price in the United States (FOB) - 2022
- Seals; Mechanical Price in the United States (CIF) - 2022
- Seals; Mechanical Exports in the United States
- Seals; Mechanical Imports in the United States
Seals; Mechanical Price in the United States (FOB) - 2022
The average seals; mechanical export price stood at $65 per unit in 2022, picking up by 14% against the previous year. Over the period under review, the export price continues to indicate significant growth. The most prominent rate of growth was recorded in 2020 an increase of 301% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($220 per unit), while the average price for exports to Switzerland ($12 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 the UK (+37.9%), while the prices for the other major destinations experienced more modest paces of growth.
Seals; Mechanical Price in the United States (CIF) - 2022
The average seals; mechanical import price stood at $4.8 per unit in 2022, rising by 12% against the previous year. In general, the import price, however, showed a slight slump. The import price peaked at $5.7 per unit in 2018; however, from 2019 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 Sweden ($71 per unit), while the price for South Korea ($2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+29.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Seals; Mechanical Exports in the United States
In 2022, the amount of seals; mechanicals exported from the United States dropped modestly to 12M units, which is down by -2.1% on 2021 figures. Overall, exports recorded a precipitous curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 8.8% against the previous year. Over the period under review, the exports attained the peak figure at 35M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, seals; mechanical exports totaled $787M in 2022. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 52% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Seals; Mechanical in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.4 | 51.6 | 111 | 113 | 83.1% |
| France | 13.5 | 24.1 | 92.9 | 105 | 98.1% |
| Brazil | 10.1 | 38.3 | 68.1 | 82.7 | 101.6% |
| United Kingdom | 16.9 | 36.7 | 55.6 | 72.2 | 62.3% |
| Mexico | 32.0 | 35.8 | 40.5 | 40.7 | 8.3% |
| Singapore | 10.1 | 11.0 | 19.0 | 30.5 | 44.5% |
| Netherlands | 9.0 | 16.3 | 22.0 | 21.4 | 33.5% |
| Japan | 21.3 | 30.4 | 20.2 | 20.2 | -1.8% |
| Germany | 9.7 | 9.5 | 17.3 | 19.2 | 25.6% |
| India | 5.2 | 3.6 | 6.8 | 6.0 | 4.9% |
| Poland | 1.8 | 2.1 | 3.1 | 5.8 | 47.7% |
| Switzerland | 2.9 | 3.9 | 3.1 | 5.0 | 19.9% |
| Trinidad and Tobago | 3.6 | 2.2 | 2.5 | 2.6 | -10.3% |
| Others | 202 | 196 | 241 | 263 | 9.2% |
| Total | 356 | 461 | 703 | 787 | 30.3% |
Top Export Markets for Seals; Mechanical from the United States in 2022:
- Mexico (3446.2K units)
- China (1807.0K units)
- France (983.4K units)
- Singapore (756.1K units)
- Brazil (570.9K units)
- Switzerland (429.2K units)
- Japan (382.6K units)
- Netherlands (340.9K units)
- United Kingdom (327.9K units)
- Germany (260.0K units)
- Poland (238.5K units)
- India (229.0K units)
- Trinidad and Tobago (219.0K units)
Seals; Mechanical Imports in the United States
Seals; mechanical imports into the United States reduced slightly to 52M units in 2022, therefore, remained relatively stable against 2021 figures. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 26% against the previous year. As a result, imports reached the peak of 52M units, leveling off in the following year.
In value terms, seals; mechanical imports expanded notably to $248M in 2022. Over the period under review, imports showed a noticeable setback. Imports peaked at $274M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Seals; Mechanical in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 47.3 | 41.7 | 45.6 | 50.9 | 2.5% |
| Germany | 60.9 | 49.4 | 46.0 | 49.6 | -6.6% |
| Japan | 25.7 | 18.0 | 20.4 | 22.8 | -3.9% |
| Sweden | 15.9 | 15.3 | 19.2 | 20.0 | 7.9% |
| China | 20.8 | 8.8 | 11.1 | 15.3 | -9.7% |
| Italy | 14.1 | 9.4 | 14.9 | 13.7 | -1.0% |
| India | 4.5 | 5.6 | 4.3 | 4.7 | 1.5% |
| Netherlands | 5.9 | 2.9 | 3.1 | 3.6 | -15.2% |
| South Korea | 3.5 | 2.4 | 2.4 | 2.8 | -7.2% |
| Turkey | 22.9 | 2.2 | 0.6 | 0.5 | -72.1% |
| Others | 52.9 | 47.6 | 54.4 | 64.2 | 6.7% |
| Total | 274 | 203 | 222 | 248 | -3.3% |
Top Suppliers of Seals; Mechanical to the United States in 2022:
- Turkey (undefinedM units)
- Mexico (15.2M units)
- Germany (11.5M units)
- Japan (6.8M units)
- China (4.6M units)
- Italy (4.1M units)
- India (1.4M units)
- South Korea (1.4M units)
- Netherlands (1.1M units)
- Sweden (0.3M units)
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