U.S.: Market for Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids 2024

Market Size for Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids in the U.S.

In 2022, the U.S. market for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids increased by 8.7% to $X, rising for the second year in a row after two years of decline. Overall, consumption showed a relatively flat trend pattern. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids in the U.S.

In value terms, production of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids fell to $X in 2022. In general, production saw a pronounced curtailment. The most prominent rate of growth was recorded in 2018 when the production volume increased by 18% against the previous year. Over the period under review, production of attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids

Exports from the U.S.

In 2022, overseas shipments of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids increased by 18% to X units, rising for the second year in a row after two years of decline. Overall, exports, however, saw a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 37%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids rose modestly to $X in 2022. In general, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 24%. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X units) was the main destination for exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids from the United States, with a 42% share of total exports. Moreover, exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids to Canada exceeded the volume sent to the second major destination, the UK (X units), fourfold. The third position in this ranking was taken by China (X units), with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada amounted to -6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+10.5% per year) and China (+2.7% per year).

In value terms, Canada ($X) remains the key foreign market for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids exports from the United States, comprising 41% of total exports. The second position in the ranking was held by Mexico ($X), with a 9.6% share of total exports. It was followed by the UK, with a 5% share.

From 2012 to 2022, the average annual growth rate of value to Canada stood at -4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-11.4% per year) and the UK (+5.1% per year).

Export Prices by Country

The average export price for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids stood at $X per unit in 2022, waning by -12.1% against the previous year. Over the period under review, the export price, however, saw a slight expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 44%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($X per unit), while the average price for exports to China ($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 Venezuela (+32.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids

Imports into the U.S.

In 2022, approx. X units of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids were imported into the United States; with an increase of 33% compared with 2021. Overall, imports posted a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids skyrocketed to $X in 2022. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.1% 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 +57.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids supplier to the United States, accounting for a 48% share of total imports. Moreover, imports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids from China exceeded the figures recorded by the second-largest supplier, Canada (X units), threefold. Mexico (X units) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+16.1% per year) and Mexico (+8.1% per year).

In value terms, the UK ($X) constituted the largest supplier of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids to the United States, comprising 31% of total imports. The second position in the ranking was taken by Canada ($X), with a 15% share of total imports. It was followed by Germany, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK amounted to +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+5.9% per year) and Germany (+3.8% per year).

Import Prices by Country

In 2022, the average import price for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids amounted to $X per unit, picking up by 3.6% against the previous year. In general, the import price, however, saw a mild decline. The pace of growth was the most pronounced in 2015 an increase of 23%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

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 the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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