U.S.: Computing Machinery Market 2024

Computing Machinery Market Size in the U.S.

The U.S. computing machinery market expanded significantly to $X in 2021, rising by 9.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a buoyant expansion. Computing machinery consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Computing Machinery Exports

Exports from the U.S.

In 2021, shipments abroad of computing machinery and parts and accessories thereof was finally on the rise to reach X tons after eight years of decline. Over the period under review, exports, however, showed a deep reduction. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, computing machinery exports rose rapidly to $X in 2021. Overall, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Mexico (X tons) was the main destination for computing machinery exports from the United States, with a 437% share of total exports. Moreover, computing machinery exports to Mexico exceeded the volume sent to the second major destination, Canada (X tons), fourfold. The third position in this ranking was taken by the Netherlands (X tons), with a 64% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mexico totaled +23.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+7.2% per year) and the Netherlands (+23.9% per year).

In value terms, Mexico ($X), Canada ($X) and the Netherlands ($X) appeared to be the largest markets for computing machinery exported from the United States worldwide, together accounting for 52% of total exports. These countries were followed by China, Hong Kong SAR, Singapore, the UK, Brazil, the Czech Republic and South Korea, which together accounted for a further 16%.

The Czech Republic, with a CAGR of +13.5%, saw the highest rates of growth with regard to the value of exports, among 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

The average computing machinery export price stood at $X per ton in 2021, with an increase of 13% against the previous year. In general, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, computing machinery export price increased by +80.0% against 2012 indices. The growth pace was the most rapid in 2020 an increase of 18%. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (-5.4%), while the prices for the other major destinations experienced a decline.

Computing Machinery Imports

Imports into the U.S.

In 2021, after two years of decline, there was growth in supplies from abroad of computing machinery and parts and accessories thereof, when their volume increased by 3.8% to X tons. Over the period under review, total imports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -16.9% against 2016 indices. The pace of growth appeared the most rapid in 2016 when imports increased by 87%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, computing machinery imports surged to $X in 2021. The total import value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest computing machinery supplier to the United States, accounting for a 77% share of total imports. Moreover, computing machinery imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), twofold. Mexico (X tons) ranked third in terms of total imports with a 19% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+52.9% per year) and Mexico (+5.3% per year).

In value terms, China ($X) constituted the largest supplier of computing machinery and parts and accessories thereof to the United States, comprising 37% of total imports. The second position in the ranking was held by Mexico ($X), with a 16% share of total imports. It was followed by Taiwan (Chinese), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+5.2% per year) and Taiwan (Chinese) (+20.1% per year).

Import Prices by Country

The average computing machinery import price stood at $X per ton in 2021, picking up by 12% against the previous year. In general, the import price, however, saw a mild setback. The pace of growth was the most pronounced in 2020 an increase of 22%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, 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 Mexico ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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