U.S.: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in the U.S.

In 2021, the U.S. machine-tool for removing material market increased by 22% to $X, rising for the third year in a row after three years of decline. In general, consumption enjoyed a resilient increase. Over the period under review, the market attained the maximum level in 2021 and is likely to see steady growth in years to come.

Production of Machine-Tools For Working Any Material By Removal Of Material in the U.S.

In value terms, machine-tool for removing material production amounted to $X in 2021. Over the period under review, production enjoyed a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of 1,009%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from the U.S.

In 2021, shipments abroad of machine-tools for working any material by removal of material was finally on the rise to reach X units after two years of decline. The total export volume increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 43%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, machine-tool for removing material exports soared to $X in 2021. Over the period under review, exports continue to indicate 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

The Netherlands (X units) was the main destination for machine-tool for removing material exports from the United States, with a 30% share of total exports. Moreover, machine-tool for removing material exports to the Netherlands exceeded the volume sent to the second major destination, Canada (X units), twofold. The third position in this ranking was held by Mexico (X units), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands amounted to +10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+8.9% per year) and Mexico (+8.4% per year).

In value terms, Mexico ($X), Canada ($X) and the Netherlands ($X) were the largest markets for machine-tool for removing material exported from the United States worldwide, together accounting for 62% of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of +10.4%, recorded 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 machine-tool for removing material export price stood at $X per unit in 2021, jumping by 16% against the previous year. Over the period under review, the export price, however, saw a pronounced descent. The export price peaked at $X per unit in 2012; however, from 2013 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, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Argentina ($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 the UK (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into the U.S.

For the tenth consecutive year, the United States recorded growth in supplies from abroad of machine-tools for working any material by removal of material, which increased by 11% to X units in 2021. Overall, imports enjoyed strong growth. The pace of growth was the most pronounced in 2020 when imports increased by 41%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, machine-tool for removing material imports surged to $X in 2021. Over the period under review, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% 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 -2.4% against 2018 indices. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Mexico (X units) and Poland (X units) were the main suppliers of machine-tool for removing material imports to the United States, together accounting for 85% of total imports. These countries were followed by the UK, Germany, Taiwan (Chinese), Italy, Japan and Canada, which together accounted for a further 9.3%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +18.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest machine-tool for removing material suppliers to the United States were Japan ($X), Germany ($X) and Italy ($X), with a combined 45% share of total imports. These countries were followed by China, Canada, Mexico, Poland, the UK and Taiwan (Chinese), which together accounted for a further 25%.

Poland, with a CAGR of +29.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average machine-tool for removing material import price amounted to $X per unit, picking up by 14% against the previous year. Overall, the import price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 15%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat 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 Japan ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :