U.S.: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in the U.S.

The U.S. filling containers machinery market expanded notably to $X in 2021, rising by 12% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +5.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Filling Containers Machinery Exports

Exports from the U.S.

In 2021, filling containers machinery exports from the United States contracted to X units, declining by -6.1% compared with the previous year. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 24%. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, filling containers machinery exports shrank to $X in 2021. The total export value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 14%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Canada (X units) was the main destination for filling containers machinery exports from the United States, with a 73% share of total exports. Moreover, filling containers machinery exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), more than tenfold. Germany (X units) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-1.6% per year) and Germany (-2.9% per year).

In value terms, Canada ($X) remains the key foreign market for machinery for filling, closing, sealing, capsuling or labelling containers exports from the United States, comprising 32% of total exports. The second position in the ranking was taken by Mexico ($X), with a 9% share of total exports. It was followed by Germany, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value to Canada amounted to +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-4.2% per year) and Germany (+6.5% per year).

Export Prices by Country

In 2021, the average filling containers machinery export price amounted to $X per unit, surging by 3.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2015 an increase of 27%. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to Canada ($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 China (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Filling Containers Machinery Imports

Imports into the U.S.

In 2021, purchases abroad of machinery for filling, closing, sealing, capsuling or labelling containers increased by 7.5% to X units, rising for the second consecutive year after three years of decline. Overall, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +7.2% 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 increased by +64.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 53% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, filling containers machinery imports rose remarkably to $X in 2021. The total import value increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 22%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Italy (X units) constituted the largest filling containers machinery supplier to the United States, accounting for a 60% share of total imports. Moreover, filling containers machinery imports from Italy exceeded the figures recorded by the second-largest supplier, Canada (X units), tenfold. The third position in this ranking was taken by Germany (X units), with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume from Italy amounted to +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+8.9% per year) and Germany (+5.3% per year).

In value terms, the largest filling containers machinery suppliers to the United States were Germany ($X), Italy ($X) and Canada ($X), with a combined 59% share of total imports. These countries were followed by China, Japan, the Netherlands, Taiwan (Chinese), the UK, France, South Korea, Sweden and Mexico, which together accounted for a further 28%.

Mexico, with a CAGR of +27.2%, 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

The average filling containers machinery import price stood at $X per unit in 2021, surging by 5.4% against the previous year. Over the period under review, the import price, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2017 an increase of 20% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, 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 Germany ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+6.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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