Fluid power shipments remain in positive territory according to the most recent data published by the National Fluid Power Association (NFPA). The association's 12-month moving average for shipments of hydraulics, pneumatics and total fluid power continued the growth trends experienced over the past several months.
NFPA reports the year-to-date percent change for total fluid power shipments in January 2023 reached 21.1%. This was a slight increase from the percent change reported in December 2022, indicating more positive market conditions at the start of the year.
Mobile hydraulic orders received from February 2022 to January 2023 were 102.3% of those received during the previous period (February 2021 to January 2022), which was a slight decline from the 103.4% reported in December. However, raw index data shows shipments for mobile hydraulics, as well as pneumatics and industrial hydraulics increased compared to December 2022.
READ MORE - 2023 Fluid Power Market Outlook: Slowing Growth Cycle Ahead
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.
