U.S.: Stone Sawing Machine Market 2024

Stone Sawing Machine Market Size in the U.S.

The U.S. stone sawing machine market soared to $X in 2021, increasing by 20% 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). In general, consumption saw strong growth. Stone sawing machine consumption peaked in 2021 and is expected to retain growth in the near future.

Stone Sawing Machine Exports

Exports from the U.S.

After two years of decline, overseas shipments of sawing machines for working stone, ceramics and concrete increased by 26% to X units in 2021. In general, exports showed a relatively flat trend pattern. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, stone sawing machine exports rose remarkably to $X in 2021. The total export value increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X units) was the main destination for stone sawing machine exports from the United States, with a 73% share of total exports. Moreover, stone sawing machine exports to Canada exceeded the volume sent to the second major destination, Sweden (X units), more than tenfold. Mexico (X units) ranked third in terms of total exports with a 4.4% 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: Sweden (+20.4% per year) and Mexico (+7.0% per year).

In value terms, Canada ($X) remains the key foreign market for sawing machines for working stone, ceramics and concrete exports from the United States, comprising 58% of total exports. The second position in the ranking was held by Sweden ($X), with a 6.7% share of total exports. It was followed by Mexico, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value to Canada totaled +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+11.6% per year) and Mexico (+14.7% per year).

Export Prices by Country

The average stone sawing machine export price stood at $X per unit in 2021, reducing by -11.4% against the previous year. Over the last nine years, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2020 an increase of 37%. As a result, the export price reached the peak level of $X per unit, and then declined in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, 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 (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Stone Sawing Machine Imports

Imports into the U.S.

In 2021, approx. X units of sawing machines for working stone, ceramics and concrete were imported into the United States; picking up by 6.8% compared with the previous year's figure. In general, imports saw a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 32% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, stone sawing machine imports skyrocketed to $X in 2021. Overall, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +10.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +38.2% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 33%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Taiwan (Chinese) (X units) constituted the largest stone sawing machine supplier to the United States, with a 54% share of total imports. Moreover, stone sawing machine imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Bulgaria (X units), fourfold. China (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) stood at +24.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+83.9% per year) and China (+2.6% per year).

In value terms, the largest stone sawing machine suppliers to the United States were China ($X), Italy ($X) and Taiwan (Chinese) ($X), with a combined 80% share of total imports. Bulgaria, Spain and Japan lagged somewhat behind, together comprising a further 8.6%.

Bulgaria, with a CAGR of +61.4%, saw the highest growth rate of the value of imports, in terms of 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 2021, the average stone sawing machine import price amounted to $X per unit, jumping by 22% against the previous year. In general, the import price, however, recorded a drastic downturn. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was China ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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