U.S.: Market for Mechanical Appliances For Projecting, Dispersing Or Spraying 2024

Market Size for Mechanical Appliances For Projecting, Dispersing Or Spraying in the U.S.

The U.S. market for mechanical appliances for projecting, dispersing or spraying dropped markedly to $X in 2022, falling by -16% against the previous year. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then dropped remarkably in the following year.

Production of Mechanical Appliances For Projecting, Dispersing Or Spraying in the U.S.

In value terms, production of mechanical appliances for projecting, dispersing or spraying shrank rapidly to $X in 2022. Overall, production continues to indicate a deep setback. The pace of growth appeared the most rapid in 2017 when the production volume increased by 113% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production of growth remained at a somewhat lower figure.

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports from the U.S.

In 2022, exports of mechanical appliances for projecting, dispersing or spraying from the United States rose markedly to X units, picking up by 9.2% compared with 2021 figures. In general, exports, however, showed a pronounced descent. Over the period under review, the exports of attained the maximum at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying stood at $X in 2022. Over the period under review, exports recorded a modest expansion. The pace of growth was the most pronounced in 2015 when exports increased by 20% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Canada (X units), Luxembourg (X units) and Germany (X units) were the main destinations of exports of mechanical appliances for projecting, dispersing or spraying from the United States, together accounting for 42% 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 Germany (with a CAGR of +14.0%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Mexico ($X) and China ($X) constituted the largest markets for mechanical appliances for projecting, dispersing or spraying exported from the United States worldwide, together comprising 45% of total exports. Germany, Brazil, Luxembourg, the Netherlands, Australia, the UK, India, South Korea, Thailand and Macao SAR lagged somewhat behind, together accounting for a further 32%.

Among the main countries of destination, Germany, with a CAGR of +13.5%, saw 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 export price for mechanical appliances for projecting, dispersing or spraying stood at $X per unit in 2022, surging by 3.2% against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for mechanical appliances for projecting, dispersing or spraying increased by +46.0% against 2017 indices. The most prominent rate of growth was recorded in 2015 an increase of 24% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Macao SAR ($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 China (+25.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports into the U.S.

After two years of growth, overseas purchases of mechanical appliances for projecting, dispersing or spraying decreased by -6.2% to X units in 2022. Overall, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 107%. Imports peaked at X units in 2021, and then fell in the following year.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying reduced slightly to $X in 2022. Over the period under review, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -14.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 56% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of mechanical appliances for projecting, dispersing or spraying to the United States, with a 45% share of total imports. Moreover, imports of mechanical appliances for projecting, dispersing or spraying from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Mexico (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.6% per year) and Mexico (+5.0% per year).

In value terms, China ($X) constituted the largest supplier of mechanical appliances for projecting, dispersing or spraying to the United States, comprising 36% of total imports. The second position in the ranking was taken by Mexico ($X), with a 12% share of total imports. It was followed by Canada, with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-0.9% per year) and Canada (+11.2% per year).

Import Prices by Country

In 2022, the average import price for mechanical appliances for projecting, dispersing or spraying amounted to $X per unit, increasing by 6.1% against the previous year. Over the period under review, the import price, however, recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2015 when the average import price increased by 13% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+27.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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