U.S.: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2024

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in the U.S.

The U.S. market for machine-tools for working stone, ceramics, and concrete shrank to $X in 2022, waning by -3.1% against the previous year. In general, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +17.7% against 2020 indices. Machine tools for working stone consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Machine-Tools For Working Stone, Ceramics, And Concrete in the U.S.

In value terms, machine tools for working stone production contracted to $X in 2022. Overall, the total production indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +16.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by 32%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from the U.S.

In 2022, approx. X units of machine-tools for working stone, ceramics, and concrete were exported from the United States; surging by 14% compared with the previous year's figure. In general, total exports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +91.9% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of 52% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, machine tools for working stone exports contracted to $X in 2022. The total export value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 45% against the previous year. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

Singapore (X units), Canada (X units) and Ireland (X units) were the main destinations of machine tools for working stone exports from the United States, with a combined 68% share 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 Ireland (with a CAGR of +69.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine tools for working stone exported from the United States were Canada ($X), Mexico ($X) and Singapore ($X), with a combined 60% share of total exports. Ireland, China, Japan, Germany, Peru, Brazil, Italy, Costa Rica and Turkey lagged somewhat behind, together comprising a further 26%.

Ireland, with a CAGR of +65.9%, saw 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 export price for machine-tools for working stone, ceramics, and concrete stood at $X per unit in 2022, declining by -17.3% against the previous year. Over the period under review, the export price continues to indicate a slight slump. The pace of growth was the most pronounced in 2018 an increase of 24%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Costa Rica ($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 Mexico (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into the U.S.

In 2022, purchases abroad of machine-tools for working stone, ceramics, and concrete increased by 42% to X units, rising for the third year in a row after three years of decline. Over the period under review, imports recorded a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by 59% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, machine tools for working stone imports rose significantly to $X in 2022. Overall, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.8% against 2020 indices. The pace of growth was the most pronounced in 2015 when imports increased by 37% against the previous year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Italy (X units) and Germany (X units) were the main suppliers of machine tools for working stone imports to the United States, with a combined 71% share of total imports. Japan, South Korea, Spain, Brazil, Switzerland and Israel lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +116.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest machine tools for working stone suppliers to the United States were Italy ($X), China ($X) and Japan ($X), together accounting for 62% of total imports. Germany, South Korea, Spain, Switzerland, Israel and Brazil lagged somewhat behind, together accounting for a further 25%.

Brazil, with a CAGR of +91.1%, recorded the highest rates of growth with regard to the value of imports, among 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 2022, the average import price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, which is down by -20.2% against the previous year. Overall, the import price continues to indicate a perceptible decrease. The growth pace was the most rapid in 2015 when the average import price increased by 15%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Israel ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+22.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :