
U.S. Abrasive Product Market. Analysis And Forecast to 2025
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U.S. Abrasives Market - Accelerating Consumption Growth Is Being Buoyed by Rising Imports From China
IndexBox has just published a new report: 'U.S. Abrasive Product Market. Analysis And Forecast to 2025'. Here is a summary of the report's key findings.
The revenue of abrasives market in the U.S. amounted to $X in 2018, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, abrasives consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014, with an increase of X% against the previous year. In that year, the abrasive product market reached its peak level of $X. From 2015 to 2018, the growth of the abrasive product market remained at a lower figure.
Abrasives Production in the U.S.
In value terms, abrasives production totaled $X in 2018. In general, abrasive product production continues to indicate a slight deduction. The growth pace was the most rapid in 2014, with an increase of X% y-o-y. In that year, abrasives production attained its peak level of $X. From 2015 to 2018, abrasives production growth remained at a lower figure.
Exports from the U.S.
In 2018, abrasives exports from the U.S. stood at X tonnes, reducing by -X% against the previous year. Overall, abrasives exports continue to indicate a deep contraction. In value terms, abrasives exports totaled $X (IndexBox estimates) in 2018.
Exports by Country
China (X tonnes), Austria (X tonnes) and Germany (X tonnes) were the main destinations of abrasives exports from the U.S., together accounting for X% of total exports.
From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Austria (+X% per year), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for abrasives exported from the U.S. were China ($X), Germany ($X) and Austria ($X), with a combined X% share of total exports.
Export Prices by Country
The average abrasives export price stood at $X per tonne in 2018, surging by X% against the previous year. In general, the export price indicated a buoyant increase from 2013 to 2018: its price increased at an average annual rate of +X% over the last five year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Export price peaked in 2018, and is expected to retain its growth in the immediate term.
Export prices varied noticeably by the country of destination; the country with the highest export price was Japan ($X per tonne), while the average price for exports to Belgium ($X per tonne) was amongst the lowest.
From 2013 to 2018, the most notable rate of growth in terms of export prices was recorded for supplies to Japan, while the export prices for the other major destinations experienced more modest paces of growth.
Imports into the U.S.
Abrasives imports into the U.S. amounted to X tonnes in 2018, surging by X% against the previous year. In value terms, abrasives imports stood at $X (IndexBox estimates) in 2018.
Imports by Country
In 2018, China (X tonnes) constituted the largest abrasives supplier to the U.S., with a X% share of total imports. Moreover, abrasives imports from China exceeded the figures recorded by the second largest supplier, China, Hong Kong SAR (X tonnes), fivefold. India (X tonnes) ranked third in terms of total imports with a X% share.
From 2013 to 2018, the average annual growth rate of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China, Hong Kong SAR (+X% per year) and India (-X% per year).
In value terms, China ($X) constituted the largest supplier of abrasives to the U.S., comprising X% of total abrasive product imports. The second position in the ranking was occupied by South Africa ($X), with a X% share of total imports. It was followed by Germany, with a X% share.
Import Prices by Country
In 2018, the average abrasives import price amounted to $X per tonne, going up by X% against the previous year. Over the last five year period, it increased at an average annual rate of +X%. There were significant differences in the average import prices amongst the major supplying countries. In 2018, the country with the highest import price was South Africa ($X per tonne), while the price for China, Hong Kong SAR ($X per tonne) was amongst the lowest.
From 2013 to 2018, the most notable rate of growth in terms of import prices was attained by South Africa, while the import prices for the other major suppliers experienced more modest paces of growth.
Companies Mentioned in the Report
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 X, Washington Mills Group, Washington Mills Ceramic Corp
Source: IndexBox Platform
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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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