U.S.: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in the U.S.

In 2022, the U.S. sugar-manufacturing industrial machinery market decreased by -8.6% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, showed noticeable growth. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Sugar-Manufacturing Industrial Machinery Production in the U.S.

In value terms, sugar-manufacturing industrial machinery production rose modestly to $X in 2022. In general, the total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.4% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of 39% against the previous year. Sugar-manufacturing industrial machinery production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Sugar-Manufacturing Industrial Machinery Exports

Exports from the U.S.

In 2022, overseas shipments of industrial machinery for the manufacture or preparation of sugar increased by 10% to X units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a significant decline. The pace of growth appeared the most rapid in 2019 when exports increased by 116%. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, sugar-manufacturing industrial machinery exports rose significantly to $X in 2022. Overall, exports, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2019 with an increase of 256%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X units), Poland (X units) and Guatemala (X units) were the main destinations of sugar-manufacturing industrial machinery exports from the United States, together accounting for 50% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +33.8%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Guatemala ($X) and Mexico ($X) appeared to be the largest markets for sugar-manufacturing industrial machinery exported from the United States worldwide, with a combined 56% share of total exports.

Among the main countries of destination, Poland, with a CAGR of +93.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sugar-manufacturing industrial machinery export price stood at $X per unit in 2022, standing approx. at the previous year. Over the period under review, the export price showed a buoyant increase. The pace of growth was the most pronounced in 2019 an increase of 64% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+43.5%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar-Manufacturing Industrial Machinery Imports

Imports into the U.S.

In 2022, purchases abroad of industrial machinery for the manufacture or preparation of sugar decreased by -46.4% to X units, falling for the third consecutive year after two years of growth. Over the period under review, imports recorded a deep slump. The pace of growth was the most pronounced in 2014 when imports increased by 363%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, sugar-manufacturing industrial machinery imports reduced slightly to $X in 2022. In general, imports saw a pronounced decrease. The pace of growth appeared the most rapid in 2014 when imports increased by 735% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of sugar-manufacturing industrial machinery to the United States, with a 46% share of total imports. Moreover, sugar-manufacturing industrial machinery imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by the UK (X units), with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at -16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+21.9% per year) and the UK (+82.6% per year).

In value terms, the Netherlands ($X), Germany ($X) and China ($X) were the largest sugar-manufacturing industrial machinery suppliers to the United States, with a combined 85% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +117.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sugar-manufacturing industrial machinery import price stood at $X per unit in 2022, picking up by 86% against the previous year. In general, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+58.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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