U.S.: Agricultural Product Dryer Market 2024

Agricultural Product Dryer Market Size in the U.S.

The U.S. agricultural product dryer market expanded to $X in 2021, surging by 4% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Agricultural product dryer consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Agricultural Product Dryer Production in the U.S.

In value terms, agricultural product dryer production dropped modestly to $X in 2021. In general, production, however, recorded a slight shrinkage. The growth pace was the most rapid in 2017 when the production volume increased by 21% against the previous year. Agricultural product dryer production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Agricultural Product Dryer Exports

Exports from the U.S.

In 2021, overseas shipments of dryers for the treatment of agricultural products decreased by -24.7% to X units, falling for the third consecutive year after three years of growth. Over the period under review, exports showed a drastic downturn. The pace of growth was the most pronounced in 2018 when exports increased by 28%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, agricultural product dryer exports fell sharply to $X in 2021. Overall, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 25% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X units) was the main destination for agricultural product dryer exports from the United States, with a 47% share of total exports. Moreover, agricultural product dryer exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), sevenfold. The third position in this ranking was taken by Poland (X units), with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada totaled +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+0.4% per year) and Poland (+42.6% per year).

In value terms, Canada ($X) remains the key foreign market for dryers for the treatment of agricultural products exports from the United States, comprising 57% of total exports. The second position in the ranking was taken by Poland ($X), with a 12% share of total exports. It was followed by Brazil, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada totaled +1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+56.9% per year) and Brazil (+0.1% per year).

Export Prices by Country

The average agricultural product dryer export price stood at $X per unit in 2021, waning by -11.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2019 when the average export price increased by 21% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020, and then reduced in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Honduras ($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 South Africa (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Product Dryer Imports

Imports into the U.S.

In 2021, overseas purchases of dryers for the treatment of agricultural products decreased by -23.7% to X units, falling for the second year in a row after three years of growth. Over the period under review, imports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of 182%. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, agricultural product dryer imports dropped significantly to $X in 2021. In general, imports, however, enjoyed a tangible increase. The growth pace was the most rapid in 2013 with an increase of 169% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Canada (X units) and Malaysia (X units) were the main suppliers of agricultural product dryer imports to the United States, together accounting for 73% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +66.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest agricultural product dryer suppliers to the United States were Canada ($X), China ($X) and Malaysia ($X), with a combined 73% share of total imports.

Malaysia, with a CAGR of +65.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average agricultural product dryer import price stood at $X per unit in 2021, dropping by -15.5% against the previous year. Over the period under review, the import price saw a pronounced descent. The growth pace was the most rapid in 2020 an increase of 14%. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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 Canada ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+22.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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