U.S.: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in the U.S.

The U.S. metal broaching machine market skyrocketed to $X in 2021, jumping by 107% against the previous year. Overall, consumption recorded a buoyant expansion. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Metal Broaching Machine Production in the U.S.

In value terms, metal broaching machine production reduced dramatically to $X in 2021. Over the period under review, production continues to indicate a deep slump. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Metal Broaching Machine Exports

Exports from the U.S.

In 2021, after two years of growth, there was significant decline in shipments abroad of broaching machines for working metal, when their volume decreased by -72.8% to X units. In general, exports showed a sharp contraction. The pace of growth was the most pronounced in 2019 when exports increased by 75%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal broaching machine exports shrank to $X in 2021. Overall, exports recorded a abrupt setback. The growth pace was the most rapid in 2019 when exports increased by 92%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X units), India (X units) and Mexico (X units) were the main destinations of metal broaching machine exports from the United States, with a combined 86% share of total exports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +9.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), India ($X) and Canada ($X) constituted the largest markets for metal broaching machine exported from the United States worldwide, with a combined 90% share of total exports.

India, with a CAGR of +16.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average metal broaching machine export price amounted to $X per unit, jumping by 245% against the previous year. Over the period under review, the export price posted strong growth. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Broaching Machine Imports

Imports into the U.S.

In 2021, metal broaching machine imports into the United States surged to X units, picking up by 290% on 2020. Overall, imports, however, recorded a deep slump. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, metal broaching machine imports surged to $X in 2021. In general, imports, however, saw a abrupt downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of metal broaching machine to the United States, accounting for a 77% share of total imports. Moreover, metal broaching machine imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X units), more than tenfold. The third position in this ranking was held by Japan (X units), with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-30.2% per year) and Japan (-7.9% per year).

In value terms, Germany ($X) constituted the largest supplier of broaching machines for working metal to the United States, comprising 54% of total imports. The second position in the ranking was held by Japan ($X), with a 21% share of total imports. It was followed by Taiwan (Chinese), with a 20% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at -13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-12.5% per year) and Taiwan (Chinese) (+26.2% per year).

Import Prices by Country

The average metal broaching machine import price stood at $X per unit in 2021, dropping by -38.7% against the previous year. Overall, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2015 an increase of 140%. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Australia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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