U.S.: Packaging Machinery Market 2024

Packaging Machinery Market Size in the U.S.

For the tenth year in a row, the U.S. packaging machinery market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption saw strong growth. Packaging machinery consumption peaked in 2022 and is expected to retain growth in the near future.

Packaging Machinery Exports

Exports from the U.S.

In 2022, exports of packaging machinery from the United States stood at X tons, increasing by X% against the previous year. In general, exports showed a pronounced expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, packaging machinery exports amounted to $X in 2022. The total export value increased at an average annual rate of X% from 2013 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Canada (X tons), Mexico (X tons) and China (X tons) were the main destinations of packaging machinery exports from the United States, with a combined X% share of total exports.

From 2020 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for packaging machinery exports from the United States, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2020 to 2022, the average annual rate of growth in terms of value to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average packaging machinery export price amounted to $X per ton, declining by X% against the previous year. Over the period from 2020 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Packaging Machinery Imports

Imports into the U.S.

In 2022, packaging machinery imports into the United States totaled X tons, increasing by X% on the previous year's figure. In general, imports enjoyed prominent growth. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, packaging machinery imports fell to $X in 2022. Over the period under review, total imports indicated strong growth from 2013 to 2022: its value increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2013 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then dropped modestly in the following year.

Imports by Country

China (X tons), Italy (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of packaging machinery imports to the United States, with a combined X% share of total imports. Germany, Canada, Japan, France, Belgium, Mexico, New Zealand, the Netherlands, Switzerland and Spain lagged somewhat behind, together accounting for a further X%.

From 2020 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Canada ($X) constituted the largest packaging machinery suppliers to the United States, together accounting for X% of total imports. Switzerland, the Netherlands, China, Japan, Spain, France, Taiwan (Chinese), Belgium, New Zealand and Mexico lagged somewhat behind, together comprising a further X%.

Mexico, with a CAGR of X%, saw 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

The average packaging machinery import price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price saw a mild downturn. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2020 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 more modest paces of growth.

Source: IndexBox Platform

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