Hydraulics

Fluid Power Shipments Dip Slightly in December 2022

Feb. 14, 2023

The most recent industry data from NFPA shows a slight decline in fluid power shipments in December, but continued growth over the longer term.

Sara Jensen

Related To:

National Fluid Power Association (NFPA)

According to the latest data from the National Fluid Power Association (NFPA), total fluid power shipments declined a few percentage points in December 2022.

The year-to-date percent change for total fluid power shipments dipped 0.3%; in December the percent change was 16.6% while in November 2022 it was reported at 16.9%. However, NFPA reports the 12-month moving average for shipments of pneumatics, hydraulics and total fluid power remain on a growth trend, demonstrating the continued strength of the industry.

Orders received from January 2022 to December 2022 for mobile hydraulics stand at 103.4% of those received during the previous period (January 2021 to December 2021). In November, mobile hydraulic orders reached 104.2% which was a slight decline from those received through October 2022. The mobile equipment market continues to see strong demand for machinery, but like many markets is experiencing supply chain and workforce challenges which are impacting the market and suppliers such as hydraulic component manufacturers.

NFPA reports raw index data showed a decrease in shipments for pneumatic and mobile hydraulics in December, but industrial hydraulic shipments saw a slight increase compared to the previous month.

The above charts are supplied by NFPA and drawn from data collected from more than 80 manufacturers of fluid power products by NFPA’s Confidential Shipment Statistics (CSS) program.

About the Author

Sara Jensen | Executive Editor, Power & Motion

Sara Jensen is executive editor of Power & Motion, directing expanded coverage into the modern fluid power space, as well as mechatronic and smart technologies. She has over 15 years of publishing experience. Prior to Power & Motion she spent 11 years with a trade publication for engineers of heavy-duty equipment, the last 3 of which were as the editor and brand lead. Over the course of her time in the B2B industry, Sara has gained an extensive knowledge of various heavy-duty equipment industries — including construction, agriculture, mining and on-road trucks —along with the systems and market trends which impact them such as fluid power and electronic motion control technologies.

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