Global Fuel Filter Market 2024

Fuel Filter Market Size

The global fuel filter market surged to $X in 2022, increasing by X% against the previous year. In general, consumption recorded a buoyant expansion. Over the period under review, the global market attained the maximum level in 2022 and is likely to continue growth in the immediate term.

Fuel Filter Production

In value terms, fuel filter production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, global production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Fuel Filter Exports

Exports

In 2022, shipments abroad of oil or petrol-filters for internal combustion engines increased by X% to X units, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The global exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, fuel filter exports amounted to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. The global exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, China (X units) represented the main exporter of oil or petrol-filters for internal combustion engines, committing X% of total exports. The United States (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Mexico (X%) and Germany (X%). The United Arab Emirates (X units), Turkey (X units), India (X units), Tunisia (X units), South Korea (X units), Thailand (X units), the Czech Republic (X units) and Belgium (X units) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to fuel filter exports from China stood at X%. At the same time, the United Arab Emirates (X%), Turkey (X%), India (X%), Mexico (X%), Tunisia (X%), Thailand (X%) and South Korea (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. The United States experienced a relatively flat trend pattern. By contrast, the Czech Republic (X%), Belgium (X%) and Germany (X%) illustrated a downward trend over the same period. China (X p.p.), Mexico (X p.p.), the United Arab Emirates (X p.p.), Turkey (X p.p.) and India (X p.p.) significantly strengthened its position in terms of the global exports, while Belgium, the United States and Germany saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest fuel filter supplying countries worldwide were Germany ($X), the United States ($X) and China ($X), with a combined X% share of global exports. Mexico, the Czech Republic, Belgium, Turkey, the United Arab Emirates, Thailand, India, South Korea and Tunisia lagged somewhat behind, together comprising a further X%.

The United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average fuel filter export price stood at $X per unit in 2022, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2019 when the average export price increased by X%. The global export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other global leaders experienced more modest paces of growth.

Fuel Filter Imports

Imports

Global fuel filter imports soared to X units in 2022, rising by X% on 2021 figures. In general, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, global imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, fuel filter imports stood at $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, global imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The United States represented the major importing country with an import of about X units, which recorded X% of total imports. The following importers - Russia (X units), Brazil (X units), Canada (X units), the United Arab Emirates (X units), China (X units), Germany (X units), Australia (X units), the UK (X units), Belgium (X units), Hungary (X units), Mexico (X units) and Colombia (X units) - together made up X% of total imports.

The United States was also the fastest-growing in terms of the oil or petrol-filters for internal combustion engines imports, with a CAGR of X% from 2012 to 2022. At the same time, Hungary (X%), Colombia (X%), Brazil (X%), Russia (X%), the United Arab Emirates (X%), Australia (X%), the UK (X%), China (X%) and Mexico (X%) displayed positive paces of growth. Belgium and Canada experienced a relatively flat trend pattern. By contrast, Germany (X%) illustrated a downward trend over the same period. While the share of the United States (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of China (X p.p.), Canada (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest fuel filter importing markets worldwide were the United States ($X), Germany ($X) and Belgium ($X), with a combined X% share of global imports. Canada, the UK, Russia, Mexico, Australia, the United Arab Emirates, China, Hungary, Brazil and Colombia lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Hungary, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average fuel filter import price amounted to $X per unit, which is down by X% against the previous year. In general, the import price saw a slight decline. The growth pace was the most rapid in 2020 an increase of X%. Global import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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