U.S.: Analytical Laboratory Instrument Market 2024

Analytical Laboratory Instrument Market Size in the U.S.

In 2023, after three years of growth, there was decline in the U.S. analytical laboratory instrument market, when its value decreased by X% to $X. Over the period under review, consumption, however, saw significant growth. Analytical laboratory instrument consumption peaked at $X in 2022, and then reduced slightly in the following year.

Analytical Laboratory Instrument Production in the U.S.

In value terms, analytical laboratory instrument production shrank slightly to $X in 2023. The total output value increased at an average annual rate of X% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Analytical laboratory instrument production peaked at $X in 2022, and then fell slightly in the following year.

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Analytical Laboratory Instrument Exports

Exports from the U.S.

In 2023, shipments abroad of analytical laboratory instruments increased by X% to X units, rising for the seventh year in a row after two years of decline. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2023 and are expected to retain growth in the immediate term.

In value terms, analytical laboratory instrument exports rose slightly to $X in 2023. The total export value increased at an average annual rate of X% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2023 and are likely to see steady growth in the immediate term.

Exports by Country

Canada (X units), Mexico (X units) and China (X units) were the main destinations of analytical laboratory instrument exports from the United States, with a combined X% share of total exports.

From 2013 to 2023, the biggest increases were recorded for Mexico (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for analytical laboratory instrument exported from the United States were China ($X), the Netherlands ($X) and Germany ($X), with a combined X% share of total exports.

The Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average analytical laboratory instrument export price amounted to $X per unit, approximately mirroring the previous year. Over the period under review, the export price, however, continues to indicate a abrupt downturn. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2023, the export prices stood at a somewhat lower figure.

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

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced a decline.

Analytical Laboratory Instrument Imports

Imports into the U.S.

In 2023, after three years of growth, there was decline in supplies from abroad of analytical laboratory instruments, when their volume decreased by X% to X units. In general, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked at X units in 2022, and then fell modestly in the following year.

In value terms, analytical laboratory instrument imports shrank modestly to $X in 2023. The total import value increased at an average annual rate of X% from 2013 to 2023; 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 X%. Imports peaked at $X in 2022, and then fell in the following year.

Imports by Country

Germany (X units), Japan (X units) and China (X units) were the main suppliers of analytical laboratory instrument imports to the United States, together comprising X% of total imports. Mexico, the UK, Singapore, Switzerland, Canada, Malaysia, Sweden, Denmark, Taiwan (Chinese) and South Korea lagged somewhat behind, together accounting for a further X%.

From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Japan ($X) and Singapore ($X) appeared to be the largest analytical laboratory instrument suppliers to the United States, together comprising X% of total imports. The UK, Mexico, China, Canada, Switzerland, Sweden, Malaysia, Denmark, Taiwan (Chinese) and South Korea lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Mexico, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average analytical laboratory instrument import price stood at $X per unit in 2023, rising by X% against the previous year. Over the period under review, the import price, however, recorded a sharp decline. The growth pace was the most rapid in 2019 when the average import price increased by X%. The import price peaked at $X per unit in 2015; however, from 2016 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform