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U.S. Scale And Balance Market. Analysis And Forecast to 2030

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Article Publishing Date: Apr 9, 2024

Import of Scales and Balances in the United States Decreases to $942M in 2023

U.S. Scale And Balance Imports

In 2023, approx. 84K tons of scales and balances were imported into the United States; growing by 27% against 2022 figures. In general, total imports indicated a buoyant expansion from 2013 to 2023: its volume increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by +94.8% against 2017 indices. The most prominent rate of growth was recorded in 2020 with an increase of 28% against the previous year. Over the period under review, imports attained the peak figure in 2023 and are expected to retain growth in the near future.

In value terms, scale and balance imports dropped modestly to $942M (IndexBox estimates) in 2023. The total import value increased at an average annual rate of +2.0% over the period from 2013 to 2023; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 23% against the previous year. Over the period under review, imports reached the maximum at $976M in 2022, and then dropped in the following year. U.S. Scale And Balance Imports By Country (Million USD)

COUNTRY	Import Value of Scale And Balance in U.S. (million USD)
COUNTRY	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
China	276	288	338	340	322	325	269	290	371	331	330
Germany	80.9	83.3	87.7	82.3	91.2	110	87.7	96.4	128	141	121
Mexico	93.7	89.7	99.6	89.5	84.7	94.6	86.5	76.0	83.8	102	117
Japan	119	125	123	132	127	131	132	122	134	142	97.2
Switzerland	41.0	48.3	43.6	38.9	37.1	43.0	48.4	61.1	84.2	83.9	87.2
South Korea	38.4	17.3	14.9	14.4	14.7	15.1	11.7	11.8	14.5	20.9	36.0
Canada	25.0	22.1	22.2	26.2	22.9	22.5	22.2	18.3	22.3	26.4	27.1
Italy	10.6	12.4	11.1	9.6	10.5	12.5	12.9	12.6	12.5	12.1	15.5
Others	89.8	79.7	81.1	77.8	89.8	103	90.4	88.1	104	118	110
Total	774	766	821	811	799	856	761	776	954	976	942

Imports by Country

In 2023, China (74K tons) constituted the largest supplier of scale and balance to the United States, accounting for a 88% share of total imports. It was followed by South Korea (2.4K tons), with a 2.9% share of total imports. The third position in this ranking was held by Mexico (1.9K tons), with a 2.3% share.

From 2013 to 2023, the average annual rate of growth in terms of volume from China amounted to +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+15.4% per year) and Mexico (-4.5% per year).

In value terms, China ($330M) constituted the largest supplier of scales and balances to the United States, comprising 35% of total imports. The second position in the ranking was taken by Germany ($121M), with a 13% share of total imports. It was followed by Mexico, with a 12% share.

From 2013 to 2023, the average annual rate of growth in terms of value from China stood at +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.1% per year) and Mexico (+2.3% per year).

Import Prices by Country

In 2023, the scale and balance price stood at $11,218 per ton (CIF, US), waning by -24.3% against the previous year. Overall, the import price continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2014 an increase of 5.5%. Over the period under review, average import prices reached the maximum at $19,419 per ton in 2018; however, from 2019 to 2023, import prices stood at a somewhat 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 Japan ($152,034 per ton), while the price for China ($4,480 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Japan (+11.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the scale and balance 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 333997 - Scale and balance manufacturing

Companies mentioned:

Mettler-Toledo International Inc.
Rice Lake Weighing Systems
Avery Weigh-Tronix
Digi-Star
Mettler-Toledo
Fairbanks Scales
Merrick Industries
Gps Insight
Intercomp Co.
Cardinal Scale Manufacturing Company
Parr Instrument Company
Hitachi Chemical Diagnostics
Measurement Systems International
Hyer Industries
General Electrodynamics Corp
Belt-Way Scales
Pennsylvania Scale Company
Vishay Blh
The A H Emery Company
E. Rowe Foundry & Machine Company
Zurex Corporation
Precision Analysis
Mettler-Toledo
Thermo Ramsey
Cat Scale Company
Ets-Lindgren
Winslow Scale Company
Unibridge Systems
Fancor
Tannehill International Industries
Digi-Star Holdings

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

U.S. Scale And Balance Market. Analysis And Forecast to 2030

Import of Scales and Balances in the United States Decreases to $942M in 2023

U.S. Scale And Balance Imports

Imports by Country

Import Prices by Country

Product coverage:

Companies mentioned:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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