U.S.: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in the U.S.

In 2021, after three years of growth, there was significant decline in the U.S. machine tool for metal market, when its value decreased by -17% to $X. Overall, consumption showed a slight slump. Machine tool for metal consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Machine Tools For Working Metal Without Removing Metal in the U.S.

In value terms, machine tool for metal production totaled $X in 2021. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 28%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from the U.S.

In 2021, after three years of decline, there was significant growth in shipments abroad of machine tools for working metal without removing metal, when their volume increased by 23% to X units. The total export volume increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when exports increased by 40%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, machine tool for metal exports fell modestly to $X in 2021. Overall, exports, however, continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2017 with an increase of 29% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X units), Mexico (X units) and Japan (X units) were the main destinations of machine tool for metal exports from the United States, together comprising 52% of total exports. These countries were followed by China, Brazil, Peru, Guatemala, the UK, Belgium, Australia, Germany, India and Trinidad and Tobago, which together accounted for a further 33%.

From 2012 to 2021, the biggest increases were recorded for Trinidad and Tobago (with a CAGR of +76.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine tool for metal exported from the United States were Canada ($X), Mexico ($X) and Japan ($X), with a combined 58% share of total exports. These countries were followed by China, Australia, Germany, Belgium, India, Trinidad and Tobago, the UK, Peru, Brazil and Guatemala, which together accounted for a further 21%.

Trinidad and Tobago, with a CAGR of +48.3%, recorded the highest growth rate of the value of exports, in terms of 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

In 2021, the average machine tool for metal export price amounted to $X per unit, reducing by -19.5% against the previous year. Over the period under review, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by 14%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per unit), while the average price for exports to Guatemala ($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 Belgium (-1.4%), while the prices for the other major destinations experienced a decline.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into the U.S.

In 2021, approx. X units of machine tools for working metal without removing metal were imported into the United States; declining by -22.8% against the previous year's figure. Over the period under review, imports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of 120%. Imports peaked at X units in 2020, and then dropped markedly in the following year.

In value terms, machine tool for metal imports reached $X in 2021. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 18%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X units), Taiwan (Chinese) (X units) and Canada (X units) were the main suppliers of machine tool for metal imports to the United States, together accounting for 77% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +40.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of machine tools for working metal without removing metal to the United States, comprising 33% of total imports. The second position in the ranking was taken by Switzerland ($X), with a 14% share of total imports. It was followed by Taiwan (Chinese), with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value from Japan totaled +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+8.0% per year) and Taiwan (Chinese) (+33.1% per year).

Import Prices by Country

In 2021, the average machine tool for metal import price amounted to $X per unit, jumping by 30% against the previous year. Over the period under review, the import price, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2016 when the average import price increased by 47%. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Switzerland ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :