U.S.: Grinding Machine Market 2024

Grinding Machine Market Size in the U.S.

The U.S. grinding machine market skyrocketed to $X in 2021, with an increase of 18% against the previous year. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +61.2% against 2016 indices. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Grinding Machine Production in the U.S.

In value terms, grinding machine production shrank markedly to $X in 2021. Overall, production saw a precipitous shrinkage. Grinding machine production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Grinding Machine Exports

Exports from the U.S.

In 2021, the amount of machines having individual functions, for mixing, kneading, crushing or grinding exported from the United States was estimated at X units, with an increase of 12% compared with 2020. In general, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 41%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, grinding machine exports shrank to $X in 2021. Over the period under review, exports, however, saw a mild curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 17%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X units) was the main destination for grinding machine exports from the United States, with a 41% share of total exports. Moreover, grinding machine exports to Canada exceeded the volume sent to the second major destination, China (X units), fivefold. The third position in this ranking was held by Germany (X units), with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada amounted to +13.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+19.9% per year) and Germany (+24.7% per year).

In value terms, Canada ($X) remains the key foreign market for machines having individual functions, for mixing, kneading, crushing or grinding exports from the United States, comprising 22% of total exports. The second position in the ranking was held by China ($X), with an 11% share of total exports. It was followed by Mexico, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Canada amounted to -1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-1.9% per year) and Mexico (-3.1% per year).

Export Prices by Country

In 2021, the average grinding machine export price amounted to $X per unit, declining by -15.2% against the previous year. Overall, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 when the average export price increased by 16% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Mexico ($X per unit), while the average price for exports to Belgium ($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 United Arab Emirates (+2.7%), while the prices for the other major destinations experienced a decline.

Grinding Machine Imports

Imports into the U.S.

Grinding machine imports into the United States soared to X units in 2021, picking up by 23% against the previous year's figure. The total import volume increased at an average annual rate of +4.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, grinding machine imports skyrocketed to $X in 2021. In general, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), Italy (X units) and Taiwan (Chinese) (X units) were the main suppliers of grinding machine imports to the United States, with a combined 45% share of total imports. These countries were followed by Canada, Mexico, France, the UK, China, Malaysia, South Korea, Switzerland, India and Slovenia, which together accounted for a further 44%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +46.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of machines having individual functions, for mixing, kneading, crushing or grinding to the United States, comprising 28% of total imports. The second position in the ranking was held by Canada ($X), with an 11% share of total imports. It was followed by Italy, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-2.7% per year) and Italy (+8.8% per year).

Import Prices by Country

The average grinding machine import price stood at $X per unit in 2021, with an increase of 2.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2017 an increase of 30% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :