U.S.: Market for Conveyors And Conveying Equipment 2024

Market Size for Conveyors And Conveying Equipment in the U.S.

The U.S. conveyor and conveying equipment market expanded modestly to $X in 2022, growing by X% against the previous year. Over the period under review, consumption enjoyed a significant increase. Conveyor and conveying equipment consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Conveyors And Conveying Equipment in the U.S.

In value terms, conveyor and conveying equipment production declined slightly to $X in 2022. The total output value increased at an average annual rate of X% over the period from 2013 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Conveyors And Conveying Equipment

Exports from the U.S.

In 2022, shipments abroad of conveyors and conveying equipment decreased by X% to X units for the first time since 2015, thus ending a six-year rising trend. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2021, and then shrank rapidly in the following year.

In value terms, conveyor and conveying equipment exports expanded modestly to $X in 2022. In general, exports showed a slight decrease. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico (X units) was the main destination for conveyor and conveying equipment exports from the United States, with a X% share of total exports. Moreover, conveyor and conveying equipment exports to Mexico exceeded the volume sent to the second major destination, the Netherlands (X units), twofold. The UK (X units) ranked third in terms of total exports with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume to Mexico totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and the UK (X% per year).

In value terms, Canada ($X), Mexico ($X) and China ($X) appeared to be the largest markets for conveyor and conveying equipment exported from the United States worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Canada, with a CAGR of X%, 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

In 2022, the average conveyor and conveying equipment export price amounted to $X per unit, growing by X% against the previous year. Overall, the export price, however, showed a dramatic slump. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Thailand ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced a decline.

Imports of Conveyors And Conveying Equipment

Imports into the U.S.

In 2022, after nine years of growth, there was decline in overseas purchases of conveyors and conveying equipment, when their volume decreased by X% to X units. In general, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at X units in 2021, and then fell in the following year.

In value terms, conveyor and conveying equipment imports expanded significantly to $X in 2022. Over the period under review, imports, however, recorded resilient growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Taiwan (Chinese) (X units), China (X units) and Denmark (X units) were the main suppliers of conveyor and conveying equipment imports to the United States, with a combined X% share of total imports.

From 2013 to 2022, the biggest increases were recorded for Denmark (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest conveyor and conveying equipment suppliers to the United States were Canada ($X), Germany ($X) and Mexico ($X), with a combined X% share of total imports.

Mexico, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, the average conveyor and conveying equipment import price amounted to $X per unit, growing by X% against the previous year. In general, the import price, however, saw a dramatic shrinkage. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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