U.S. - Brakes And Servo-Brakes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBrakes and Servo-Brakes Price in the United States - 2023
Contents:
- Brakes and Servo-Brakes Price in the United States (CIF) - 2023
- Brakes and Servo-Brakes Price in the United States (FOB) - 2022
- Brakes and Servo-Brakes Imports in the United States
- Brakes and Servo-Brakes Exports in the United States
Brakes and Servo-Brakes Price in the United States (CIF) - 2023
The average brakes and servo-brakes import price stood at $7,353 per ton in September 2023, remaining stable against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.9%. The growth pace was the most rapid in May 2023 an increase of 12% against the previous month. The import price peaked in September 2023.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($18,665 per ton), while the price for China ($3,307 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by South Korea (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Brakes and Servo-Brakes Price in the United States (FOB) - 2022
In 2022, the average brakes and servo-brakes export price amounted to $11,765 per ton, picking up by 3.6% against the previous year. In general, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, brakes and servo-brakes export price increased by +61.9% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of 44%. The export price peaked in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($44,918 per ton), while the average price for exports to Australia ($7,507 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+18.4%), while the prices for the other major destinations experienced mixed trend patterns.
Brakes and Servo-Brakes Imports in the United States
Brakes and servo-brakes imports into the United States skyrocketed to 1.2M tons in 2022, growing by 62% compared with the year before. Overall, imports saw a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, brakes and servo-brakes imports surged to $7.2B in 2022. The total import value increased at an average annual rate of +7.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Brakes and Servo-Brakes in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 2,108 | 1,828 | 2,300 | 2,878 | 10.9% |
| China | 1,731 | 1,358 | 1,504 | 2,174 | 7.9% |
| India | 242 | 198 | 284 | 342 | 12.2% |
| Japan | 325 | 254 | 296 | 307 | -1.9% |
| South Korea | 227 | 214 | 250 | 299 | 9.6% |
| Germany | 288 | 231 | 275 | 292 | 0.5% |
| Canada | 317 | 221 | 222 | 251 | -7.5% |
| Others | 597 | 487 | 580 | 665 | 3.7% |
| Total | 5,835 | 4,791 | 5,711 | 7,208 | 7.3% |
Top Suppliers of Brakes and Servo-Brakes to the United States in 2022:
- China (767.4K tons)
- Mexico (155.5K tons)
- India (83.2K tons)
- Japan (52.1K tons)
- Canada (46.8K tons)
- Germany (28.7K tons)
- South Korea (19.1K tons)
Brakes and Servo-Brakes Exports in the United States
After two years of decline, overseas shipments of brakes and servo-brakes increased by 7.7% to 213K tons in 2022. Overall, exports, however, recorded a deep slump.
In value terms, brakes and servo-brakes exports expanded markedly to $2.5B in 2022. Over the period under review, exports, however, continue to indicate a noticeable descent.
| Export of Brakes and Servo-Brakes in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 1,259 | 942 | 1,012 | 1,140 | -3.3% |
| Canada | 1,173 | 906 | 883 | 1,003 | -5.1% |
| Australia | 51.8 | 39.2 | 49.9 | 62.8 | 6.6% |
| Germany | 27.8 | 21.6 | 31.3 | 32.2 | 5.0% |
| Japan | 37.9 | 21.6 | 25.3 | 29.1 | -8.4% |
| United Arab Emirates | 21.4 | 17.5 | 16.1 | 25.1 | 5.5% |
| Others | 245 | 195 | 224 | 210 | -5.0% |
| Total | 2,816 | 2,144 | 2,242 | 2,502 | -3.9% |
Top Export Markets for Brakes and Servo-Brakes from the United States in 2022:
- Mexico (151.8K tons)
- Canada (22.3K tons)
- Australia (8.4K tons)
- Germany (4.3K tons)
- Japan (3.9K tons)
- United Arab Emirates (3.3K tons)
This report provides an in-depth analysis of the brakes and servo-brakes 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 29323020 - Brakes and servo-brakes and their parts (excluding unmounted linings or pads)
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
317
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