U.S.: Travel Set Market 2024

Travel Set Market Size in the U.S.

The U.S. travel set market reduced to $X in 2021, declining by -1.8% against the previous year. In general, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.5% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Travel Set Production in the U.S.

In value terms, travel set production skyrocketed to $X in 2021. In general, production, however, recorded a relatively flat trend pattern. Travel set production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Travel Set Exports

Exports from the U.S.

In 2021, shipments abroad of travel sets increased by 1.5% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, saw a abrupt slump. The growth pace was the most rapid in 2017 when exports increased by 91%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, travel set exports fell to $X in 2021. In general, exports, however, recorded a deep reduction. The growth pace was the most rapid in 2014 with an increase of 55%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Canada (X units) was the main destination for travel set exports from the United States, with a 41% share of total exports. Moreover, travel set exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), fourfold. The UK (X units) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada stood at +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+11.7% per year) and the UK (-21.2% per year).

In value terms, Canada ($X) remains the key foreign market for travel sets exports from the United States, comprising 42% of total exports. The second position in the ranking was taken by Mexico ($X), with a 6% share of total exports. It was followed by the UK, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada stood at -2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-2.1% per year) and the UK (-26.1% per year).

Export Prices by Country

In 2021, the average travel set export price amounted to $X per unit, declining by -8.9% against the previous year. Over the period under review, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 an increase of 43%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Pakistan ($X per unit), while the average price for exports to Hong Kong SAR ($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 Pakistan (-4.1%), while the prices for the other major destinations experienced a decline.

Travel Set Imports

Imports into the U.S.

In 2021, after three years of growth, there was significant decline in supplies from abroad of travel sets, when their volume decreased by -8.2% to X units. In general, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 80% against the previous year. As a result, imports attained the peak of X units, and then fell in the following year.

In value terms, travel set imports shrank to $X in 2021. Overall, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -12.7% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 27% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main travel set supplier to the United States, with a approx. 97% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +12.8%.

In value terms, China ($X) constituted the largest supplier of travel sets to the United States.

From 2012 to 2021, the average annual growth rate of value from China stood at +4.3%.

Import Prices by Country

In 2021, the average travel set import price amounted to $X per unit, which is down by -3% against the previous year. Over the period under review, the import price showed a abrupt decline. The pace of growth appeared the most rapid in 2016 an increase of 11% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -7.6% per year.

Source: IndexBox Platform

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