NFPA Shipments and Orders Hit All-Time High

In the most recent edition of NFPA’s Confidential Shipment Statistics (CSS), members collectively reported the highest value of shipments and orders in the history of the program. Seasonally, March is the strongest month of the year which plays a part in the high numbers. However, despite lingering supply chain problems, fluid power shipments and orders hit an all-time high.

Here is the latest update:

 

Base Year 2018 = 100. All data non-seasonally adjusted and not adjusted for inflation

The latest point in each graph represents data for March 2022.

 

How Does Fluid Power Compare? 

Fluid Power was not alone in reporting highs for shipments and orders. We can look to the U.S. Census Bureau’s M3 report detailing value of shipments and orders for many different manufacturing markets. In March, shipments hit an all-time high in these popular fluid power markets:

  • Automobile, Light Truck, and Utility Vehicle
  • Heavy Duty Truck
  • Construction Machinery
  • Material Handling Equipment
  • Chemical Products
  • Durable Goods Shipments

This data can be found in NFPA’s Customer Market File (CMF): Download CMF

Will This Momentum Continue?

In ITR’s latest fluid power forecast report, they predict NFPA’s fluid power shipments index will end 2022 up 7.0% over 2021. Year-to-date 2022 shipments are up 14.9% over the same time period last year. We can expect shipments to continue to increase, but at a decreasing rate for the remainder of 2022.

Download ITR’s Latest Forecast Here

Recent Posts

Special Reports from Oxford Economics: Insights on Baltimore Bridge Collapse and Global Scenarios Forecast

The latest research briefing from Oxford focuses on the Francis Scott Key Bridge collapse. Oxford anticipates larger economic implications for the Baltimore economy than nationally. Increases in transportation costs and disruptions are not forecasted to be widespread or large enough to significantly impact core consumer prices. Baltimore’s fuel pipelines will help mitigate the total economic…

Read More about Special Reports from Oxford Economics: Insights on Baltimore Bridge Collapse and Global Scenarios Forecast

NFPA Scholarship Winners Seeking Employment and Internships in the Fluid Power Industry 

Through the support of generous donations to the NFPA Education and Technology Foundation, and volunteer NFPA member judges, the NFPA Education and Technology Foundation awarded 26 students $86,000 in scholarships to further their fluid power education for the 2023-24 academic year. The awardees include 23 students from the Fluid Power Scholarship applicant pool and 3 students from the…

Read More about NFPA Scholarship Winners Seeking Employment and Internships in the Fluid Power Industry 

Your Participation Inspires Students

Remarkable things happen when members volunteer and participate in NFPA programs and events designed for middle and high school students. The students learn about fluid power, develop an awareness for the industry and careers, and get inspired to continue their fluid power education at the collegiate level. For example, 11 university students studying engineering will…

Read More about Your Participation Inspires Students