U.S. Abrasive Product Market. Analysis And Forecast to 2030
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View PricingAbrasive Product Price in the United States - 2023
Contents:
- Abrasive Product Price in the United States (CIF) - 2022
- Abrasive Product Price in the United States (FOB) - 2022
- Abrasive Product Imports in the United States
- Abrasive Product Exports in the United States
Abrasive Product Price in the United States (CIF) - 2022
The average abrasive product import price stood at $3,663 per ton in 2022, which is down by -5.6% against the previous year. Over the period from 2013 to 2022, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2016 an increase of 18%. The import price peaked at $3,882 per ton in 2021, and then declined in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($15,575 per ton), while the price for India ($1,421 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Abrasive Product Price in the United States (FOB) - 2022
In 2022, the average abrasive product export price amounted to $9,786 per ton, which is down by -3.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2016 when the average export price increased by 8.3% against the previous year. Over the period under review, the average export prices attained the peak figure at $10,255 per ton in 2020; however, from 2021 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 Japan ($33,204 per ton), while the average price for exports to Norway ($1,296 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.
Abrasive Product Imports in the United States
In 2022, approx. 565K tons of abrasive products were imported into the United States; surging by 27% against 2021 figures. The total import volume increased at an average annual rate of +5.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, abrasive product imports skyrocketed to $2.1B in 2022. The total import value increased at an average annual rate of +6.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 24%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.
Import of Abrasive Product in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 381 | 268 | 360 | 554 | 13.3% |
Mexico | 176 | 146 | 162 | 200 | 4.4% |
Canada | 203 | 189 | 218 | 189 | -2.4% |
Germany | 136 | 113 | 134 | 143 | 1.7% |
Austria | 65.2 | 46.9 | 67.2 | 96.1 | 13.8% |
Brazil | 26.6 | 20.1 | 18.0 | 28.4 | 2.2% |
India | 29.9 | 25.1 | 24.2 | 25.5 | -5.2% |
Turkey | 12.5 | 21.0 | 15.3 | 24.8 | 25.7% |
Others | 691 | 564 | 731 | 806 | 5.3% |
Total | 1,722 | 1,392 | 1,730 | 2,066 | 6.3% |
Top Suppliers of Abrasive Product to the United States in 2022:
- China (360.4K tons)
- Canada (45.0K tons)
- Brazil (18.9K tons)
- India (17.9K tons)
- Germany (14.3K tons)
- Mexico (12.8K tons)
- Austria (12.6K tons)
- Turkey (10.2K tons)
Abrasive Product Exports in the United States
In 2022, approx. 127K tons of abrasive products were exported from the United States; picking up by 9.7% on 2021. The total export volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, abrasive product exports expanded notably to $1.2B in 2022. The total export value increased at an average annual rate of +2.1% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 23%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.
Export of Abrasive Product in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 300 | 182 | 234 | 254 | -5.4% |
Canada | 218 | 197 | 235 | 249 | 4.5% |
Germany | 139 | 119 | 158 | 155 | 3.7% |
China | 65.7 | 69.0 | 88.2 | 85.3 | 9.1% |
Japan | 58.1 | 51.4 | 63.2 | 67.3 | 5.0% |
Brazil | 17.8 | 16.2 | 21.4 | 21.8 | 7.0% |
United Kingdom | 24.6 | 18.8 | 18.6 | 20.8 | -5.4% |
Others | 343 | 300 | 357 | 388 | 4.2% |
Total | 1,166 | 953 | 1,175 | 1,241 | 2.1% |
Top Export Markets for Abrasive Product from the United States in 2022:
- Canada (52.6K tons)
- Mexico (35.6K tons)
- Germany (7.5K tons)
- China (3.5K tons)
- United Kingdom (2.7K tons)
- Brazil (2.0K tons)
- Japan (2.0K tons)
This report provides an in-depth analysis of the abrasive product market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 327910 - Abrasive product manufacturing
Companies mentioned:
- Americo Manufacturing Co
- Global Tungsten & Powders Corp.
- Abrasive Technology
- Hec Investments
- Carbo Ceramics
- Diamond Innovations
- Klingspor Abrasives
- M. L. Smith, Jr.
- Magnum Oil Tools International
- United Abrasives
- Washington Mills Electro Minerals Corporation
- Flexovit Usa
- ACS Industries
- Ervin Industries
- Hermes Abrasives Ltd
- A Limited Partnership
- Aim Specialty Materials USA
- V S M Abrasives Corporation
- Uneeda Enterprizes Inc.
- Radiac Abrasives
- Dimanco Inc.
- Fujimi Corporation
- U.S. Minerals
- Allison Abrasives Incorporated
- Grier Abrasive Co.
- Washington Mills Tonawanda
- The Jor-Mac Company
- Schaffner Manufacturing Co
- Basic Carbide Corporation
- Saint-Gobain Abrasives
- Ali Industries
- Saint-Gobain Delaware Corporation
- Washington Mills North Grafton
- Severstal US Holdings II
- US Test Company 369
- Washington Mills Group
- Washington Mills Ceramic Corp
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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