U.S.: Endless Machinery Band Market 2025

Endless Machinery Band Market Size in the U.S.

The U.S. endless machinery band market surged to $X in 2021, picking up by 42% 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). Overall, consumption saw a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Endless Machinery Band Exports

Exports from the U.S.

In 2021, overseas shipments of endless bands for machinery, of stainless steel increased by 29% to X square meters, rising for the fourth consecutive year after three years of decline. Over the period under review, exports saw a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 74%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, endless machinery band exports dropped to $X in 2021. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 59%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X square meters) was the main destination for endless machinery band exports from the United States, accounting for a 54% share of total exports. Moreover, endless machinery band exports to Mexico exceeded the volume sent to the second major destination, Canada (X square meters), threefold. The Netherlands (X square meters) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Mexico stood at +21.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-2.6% per year) and the Netherlands (+21.1% per year).

In value terms, Mexico ($X) remains the key foreign market for endless machinery band exports from the United States, comprising 53% of total exports. The second position in the ranking was taken by Canada ($X), with a 19% share of total exports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Mexico totaled +14.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-8.6% per year) and the Netherlands (+13.0% per year).

Export Prices by Country

The average endless machinery band export price stood at $X per square meter in 2021, which is down by -27.5% against the previous year. Overall, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 when the average export price increased by 21% against the previous year. Over the period under review, the average export prices attained the maximum at $X per square meter in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Australia ($X per square meter), while the average price for exports to the Netherlands ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (-1.1%), while the prices for the other major destinations experienced a decline.

Endless Machinery Band Imports

Imports into the U.S.

In 2021, purchases abroad of endless bands for machinery, of stainless steel increased by 53% to X square meters, rising for the third consecutive year after two years of decline. Overall, imports posted a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, endless machinery band imports expanded remarkably to $X in 2021. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when imports increased by 12%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Germany (X square meters) constituted the largest supplier of endless machinery band to the United States, with a 57% share of total imports. Moreover, endless machinery band imports from Germany exceeded the figures recorded by the second-largest supplier, China (X square meters), fourfold. Canada (X square meters) ranked third in terms of total imports with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +29.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.6% per year) and Canada (+20.3% per year).

In value terms, Germany ($X) constituted the largest supplier of endless machinery band to the United States, comprising 69% of total imports. The second position in the ranking was taken by China ($X), with an 8.6% share of total imports. It was followed by Canada, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-10.3% per year) and Canada (+3.0% per year).

Import Prices by Country

The average endless machinery band import price stood at $X per square meter in 2021, reducing by -29% against the previous year. Over the period under review, the import price saw a deep downturn. The pace of growth appeared the most rapid in 2018 when the average import price increased by 15% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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