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Data from the National Fluid Power Association shows that shipments of pneumatic, hydraulic, and total fluid power products continue to grow. From 2020 to 2021, total fluid power shipments grew 20.1%. Raw index data shows that mobile hydraulic and pneumatic shipments were down slightly in December, while industrial hydraulic shipments were up. These charts were drawn from NFPA’s Confidential Shipment Statistics (CSS) program.
Raw Index Data, Index: 2018=100
This graph of raw index data is generated by the total dollar volume reported to NFPA by CSS participants and compared to the average monthly dollar volume in 2018. For example, the December 2021 total dollar volume for pneumatic shipments is 96.7% of the average monthly dollar volume in 2018. (Base Year 2018 = 100)
Each point on this graph represents the most recent 12 months of orders compared to the previous 12 months of orders. Each point can be read as a percentage. For example, 133.2 (the December 2021 level of the industrial hydraulic series) indicates that industrial hydraulic orders received from January 2021 to December 2021 were 133.2% of the orders received from January 2020 to December 2020. (Base Year 2018 = 100)
This graph of 12-month moving averages shows that in December 2021, the moving average for shipments increased across the board. (Base Year 2018 = 100)
The table above is expressed in terms of cumulative percent changes. These changes refer to the percent difference between the relevant cumulative total for 2021 and the total for the same months in 2020. For example, December 2021 pneumatic shipments figure of 16.3 means that for the calendar year through December 2021, pneumatic shipments increased 16.3% compared to the same time-period in 2020.