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U.S. Abrasive Product Market. Analysis And Forecast to 2030

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Sep 20, 2023

Import of Abrasive Products in United States Increases to $149M in July 2023

U.S. Abrasive Product Imports

In July 2023, imports of abrasive products into the United States soared to 32K tons, picking up by 22% against June 2023 figures. Over the period under review, imports, however, saw a perceptible reduction. The pace of growth was the most pronounced in May 2023 with an increase of 73% month-to-month.

In value terms, abrasive product imports expanded slightly to $149M (IndexBox estimates) in July 2023. In general, imports, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in May 2023 with an increase of 18% against the previous month. U.S. Abrasive Product Imports By Country (Million USD)

COUNTRY	Import Value of Abrasive Product in U.S. (million USD)
COUNTRY	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023	Apr 2023	May 2023	Jun 2023	Jul 2023
China	41.8	53.3	75.2	47.4	45.4	27.5	31.1	35.3	18.7	28.0	40.3	25.2	29.6
Mexico	18.5	18.1	18.1	17.0	17.2	13.5	14.2	16.0	21.3	17.8	18.4	17.7	17.1
Canada	16.3	15.8	14.1	13.6	15.2	12.7	13.8	17.8	17.9	16.1	16.2	14.7	15.2
Germany	12.8	11.1	13.4	11.8	12.0	16.1	11.5	10.3	12.5	11.0	11.9	10.8	11.6
Austria	10.4	12.0	8.8	8.1	9.9	7.2	4.9	6.1	6.5	6.4	5.2	6.5	5.8
Brazil	6.6	1.8	2.6	2.0	1.3	1.9	1.4	2.7	1.4	1.4	2.0	1.7	2.0
Others	84.7	71.0	65.9	71.3	74.7	74.7	60.7	61.0	66.9	63.1	75.5	66.7	67.8
Total	191	183	198	171	176	154	138	149	145	144	169	143	149

Imports by Country

In July 2023, China (20K tons) constituted the largest supplier of abrasive product to the United States, with a 61% share of total imports. Moreover, abrasive product imports from China exceeded the figures recorded by the second-largest supplier, Canada (2.4K tons), eightfold. The third position in this ranking was held by Brazil (1.3K tons), with a 4.1% share.

From July 2022 to July 2023, the average monthly growth rate of volume from China amounted to -2.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Canada (-2.4% per month) and Brazil (-10.6% per month).

In value terms, the largest abrasive product suppliers to the United States were China ($30M), Mexico ($17M) and Canada ($15M), with a combined 42% share of total imports.

Among the main suppliers, Canada, with a CAGR of -0.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In July 2023, the abrasive product price amounted to $4,640 per ton (CIF, US), dropping by -14.6% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average import price increased by 117% month-to-month. As a result, import price reached the peak level of $8,482 per ton. From April 2023 to July 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($14,821 per ton), while the price for China ($1,514 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Austria (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the abrasive product market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

NAICS 327910 - Abrasive product manufacturing

Companies mentioned:

Americo Manufacturing Co
Global Tungsten & Powders Corp.
Abrasive Technology
Hec Investments
Carbo Ceramics
Diamond Innovations
Klingspor Abrasives
M. L. Smith, Jr.
Magnum Oil Tools International
United Abrasives
Washington Mills Electro Minerals Corporation
Flexovit Usa
ACS Industries
Ervin Industries
Hermes Abrasives Ltd
A Limited Partnership
Aim Specialty Materials USA
V S M Abrasives Corporation
Uneeda Enterprizes Inc.
Radiac Abrasives
Dimanco Inc.
Fujimi Corporation
U.S. Minerals
Allison Abrasives Incorporated
Grier Abrasive Co.
Washington Mills Tonawanda
The Jor-Mac Company
Schaffner Manufacturing Co
Basic Carbide Corporation
Saint-Gobain Abrasives
Ali Industries
Saint-Gobain Delaware Corporation
Washington Mills North Grafton
Severstal US Holdings II
US Test Company 369
Washington Mills Group
Washington Mills Ceramic Corp

Country coverage:

United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the U.S.
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

U.S. Abrasive Product Market. Analysis And Forecast to 2030

Import of Abrasive Products in United States Increases to $149M in July 2023

U.S. Abrasive Product Imports

Imports by Country

Import Prices by Country

Product coverage:

Companies mentioned:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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