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U.S. - Spades And Shovels - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Jan 27, 2023
U.S. Spade and Shovel Price Falls Notably to $5,126 per Ton
U.S. Spade and Shovel Import Price in November 2022
In November 2022, the spades and shovels price stood at $5,126 per ton (CIF, US), which is down by -11.4% against the previous month. Over the period from January 2022 to November 2022, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 15% m-o-m. As a result, import price reached the peak level of $5,788 per ton, and then declined in the following month.
There were significant differences in the average prices amongst the major supplying countries. In November 2022, the country with the highest price was Taiwan (Chinese) ($13,991 per ton), while the price for China ($3,775 per ton) was amongst the lowest.
From January 2022 to November 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.3%), while the prices for the other major suppliers experienced mixed trend patterns.
U.S. Spade and Shovel Imports
In November 2022, approximately 1.5K tons of spades and shovels were imported into the United States; which is down by -11.1% compared with the previous month's figure. Overall, imports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in August 2022 when imports increased by 21% m-o-m. Imports peaked at 2.7K tons in March 2022; however, from April 2022 to November 2022, imports failed to regain momentum.
In value terms, spades and shovels imports dropped notably to $7.6M (IndexBox estimates) in November 2022. In general, imports saw a perceptible curtailment. The pace of growth was the most pronounced in October 2022 with an increase of 23% m-o-m. Imports peaked at 12K tons in March 2022; however, from April 2022 to November 2022, imports remained at a lower figure.
U.S. Spade and Shovel Imports by Country
China (734 tons), Mexico (430 tons) and Brazil (202 tons) were the main suppliers of spades and shovels imports to the United States, with a combined 92% share of total imports.
From January 2022 to November 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +2.1%), while imports for the other leaders experienced mixed trend patterns.
In value terms, the largest spades and shovels suppliers to the United States were Mexico ($2.8M), China ($2.8M) and Brazil ($850K), with a combined 84% share of total imports. Taiwan (Chinese) and India lagged somewhat behind, together accounting for a further 9.3%.
Among the main suppliers, Taiwan (Chinese), with a CAGR of +10.0%, 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.
Spade and Shovel Market Overview
The spade and shovel market in the United States is a thriving industry with many different factors contributing to its success.One of the most important factors is the availability of raw materials. The United States has an abundance of both metal and plastic, which are essential for manufacturing spades and shovels. Additionally, the skilled labor force in the United States is capable of producing high-quality products.
Another factor that contributes to the success of the Spades and Shovels market in the United States is strong demand. There is always a need for spades and shovels, whether it be for gardening, construction, or other purposes. This strong demand ensures that there is a consistent market for these products.
Finally, another factor that contributes to the success of the Spades and Shovels market in the United States is effective marketing and distribution channels. There are numerous companies that manufacture spades and shovels, and they have developed efficient methods for marketing and distributing their products. This allows consumers to easily find and purchase these products.
This report provides an in-depth analysis of the spades and shovels 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:
• Prodcom 25731010 - Spades and shovels
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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
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
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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