U.S.: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in the U.S.

In 2021, the U.S. lathe for removing metal market decreased by less than 0.1% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, recorded a deep reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Lathes For Removing Metal in the U.S.

In value terms, lathe for removing metal production fell to $X in 2021. In general, production, however, recorded a mild decline. The pace of growth appeared the most rapid in 2014 with an increase of 12% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Exports of Lathes For Removing Metal

Exports from the U.S.

Lathe for removing metal exports from the United States skyrocketed to X units in 2021, jumping by 20% against the previous year's figure. In general, exports, however, showed a mild downturn. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, lathe for removing metal exports soared to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Canada (X units), Mexico (X units) and Belgium (X units) were the main destinations of lathe for removing metal exports from the United States, together accounting for 55% of total exports. India, Australia, China, Thailand, Austria, Chile, the Czech Republic, Japan, France and the UK lagged somewhat behind, together comprising a further 28%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +83.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lathe for removing metal exported from the United States were Mexico ($X), Canada ($X) and Belgium ($X), with a combined 64% share of total exports. China, Japan, India, the Czech Republic, the UK, Australia, France, Thailand, Austria and Chile lagged somewhat behind, together comprising a further 17%.

Austria, with a CAGR of +81.6%, recorded 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 lathe for removing metal export price stood at $X per unit in 2021, with an increase of 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 24%. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Thailand ($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 Japan (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lathes For Removing Metal

Imports into the U.S.

In 2021, purchases abroad of lathes for removing metal was finally on the rise to reach X units after two years of decline. Overall, imports, however, continue to indicate a pronounced shrinkage. Over the period under review, lafor removing metal imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, lathe for removing metal imports rose to $X in 2021. Over the period under review, imports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 26% against the previous year. Over the period under review, lafor removing metal imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of lathe for removing metal to the United States, accounting for a 37% share of total imports. Moreover, lathe for removing metal imports from China exceeded the figures recorded by the second-largest supplier, Canada (X units), twofold. The third position in this ranking was held by Taiwan (Chinese) (X units), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+30.3% per year) and Taiwan (Chinese) (-4.1% per year).

In value terms, Japan ($X) constituted the largest supplier of lathes for removing metal to the United States, comprising 44% of total imports. The second position in the ranking was taken by South Korea ($X), with a 20% share of total imports. It was followed by Germany, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value from Japan stood at -6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-5.9% per year) and Germany (-5.3% per year).

Import Prices by Country

In 2021, the average lathe for removing metal import price amounted to $X per unit, falling by -14.3% against the previous year. Overall, the import price showed a pronounced slump. The pace of growth was the most pronounced in 2018 when the average import price increased by 14% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :