U.S.: Metal Sawing Machine Market 2024

Metal Sawing Machine Market Size in the U.S.

The U.S. metal sawing machine market surged to $X in 2021, jumping by 17% against the previous year. The market value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Metal Sawing Machine Production in the U.S.

In value terms, metal sawing machine production reached $X in 2021. Over the period under review, production continues to indicate modest growth. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Metal Sawing Machine Exports

Exports from the U.S.

In 2021, overseas shipments of sawing or cutting-off machines for working metal were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a deep contraction. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, metal sawing machine exports rose to $X in 2021. In general, exports, however, continue to indicate a pronounced downturn. The pace of growth was the most pronounced in 2013 with an increase of 13% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Canada (X units) was the main destination for metal sawing machine exports from the United States, with a 61% share of total exports. Moreover, metal sawing machine exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), sevenfold. Ecuador (X units) ranked third in terms of total exports with a 7% share.

From 2012 to 2021, the average annual growth rate of volume to Canada totaled -5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-12.8% per year) and Ecuador (+21.3% per year).

In value terms, Canada ($X), Mexico ($X) and Japan ($X) constituted the largest markets for metal sawing machine exported from the United States worldwide, together accounting for 72% of total exports. Costa Rica, Ecuador, Guatemala and El Salvador lagged somewhat behind, together accounting for a further 5%.

In terms of the main countries of destination, Costa Rica, with a CAGR of +23.9%, recorded 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 metal sawing machine export price stood at $X per unit in 2021, dropping by -17.8% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average export price increased by 34% against the previous year. The export price peaked at $X per unit in 2020, and then fell notably in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Mexico ($X per unit), while the average price for exports to Ecuador ($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 Mexico (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Sawing Machine Imports

Imports into the U.S.

In 2021, approx. X units of sawing or cutting-off machines for working metal were imported into the United States; waning by -3.2% on 2020 figures. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 31%. Imports peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, metal sawing machine imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X units) constituted the largest supplier of metal sawing machine to the United States, accounting for a 53% share of total imports. Moreover, metal sawing machine imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Mexico (X units), twofold. China (X units) ranked third in terms of total imports with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) amounted to -4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+66.1% per year) and China (-3.5% per year).

In value terms, Germany ($X), China ($X) and Taiwan (Chinese) ($X) appeared to be the largest metal sawing machine suppliers to the United States, with a combined 53% share of total imports. These countries were followed by Italy, Japan, Mexico and South Korea, which together accounted for a further 28%.

Mexico, with a CAGR of +61.3%, 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 metal sawing machine import price stood at $X per unit in 2021, increasing by 31% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The import price peaked 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 Japan ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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