U.S. - Electric Soldering Irons And Guns - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectric Soldering Iron Price in the United States - 2023
Contents:
- Electric Soldering Iron Price in the United States (CIF) - 2023
- Electric Soldering Iron Price in the United States (FOB) - 2022
- Electric Soldering Iron Imports in the United States
- Electric Soldering Iron Exports in the United States
Electric Soldering Iron Price in the United States (CIF) - 2023
The average electric soldering iron import price stood at $10.7 per unit in June 2023, jumping by 21% against the previous month. Over the period under review, import price indicated a noticeable expansion from July 2022 to June 2023: its price increased at an average monthly rate of +2.8% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, electric soldering iron import price decreased by -20.0% against February 2023 indices. The most prominent rate of growth was recorded in February 2023 an increase of 81% m-o-m. As a result, import price attained the peak level of $13.4 per unit. From March 2023 to June 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Mexico ($16.6 per unit), while the price for China ($5.3 per unit) was amongst the lowest.
From July 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Electric Soldering Iron Price in the United States (FOB) - 2022
The average electric soldering iron export price stood at $59 per unit in 2022, surging by 37% against the previous year. In general, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric soldering iron export price increased by +78.4% against 2020 indices. Over the period under review, the average export prices hit record highs at $70 per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
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 Mexico ($137 per unit), while the average price for exports to Canada ($28 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+8.5%), while the prices for the other major destinations experienced mixed trend patterns.
Electric Soldering Iron Imports in the United States
For the fourth consecutive year, the United States recorded growth in overseas purchases of electric soldering irons and guns, which increased by 1.7% to 3.4M units in 2022. The total import volume increased at an average annual rate of +6.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 9% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, electric soldering iron imports stood at $32M in 2022. The total import value increased at an average annual rate of +9.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 11% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Electric Soldering Iron in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 8.1 | 9.4 | 8.7 | 10.1 | 7.6% |
| China | 7.2 | 7.1 | 7.6 | 7.7 | 2.3% |
| Taiwan (Chinese) | 2.0 | 2.5 | 3.9 | 3.8 | 23.9% |
| Spain | 3.3 | 2.9 | 3.4 | 3.5 | 2.0% |
| Thailand | 0.4 | 1.7 | 2.7 | 3.2 | 100.0% |
| Others | 2.9 | 2.6 | 2.9 | 3.2 | 3.3% |
| Total | 23.9 | 26.3 | 29.2 | 31.6 | 9.8% |
Top Suppliers of Electric Soldering Iron to the United States in 2022:
- China (1757.5K units)
- Mexico (728.5K units)
- Spain (362.2K units)
- Taiwan (Chinese) (294.3K units)
- Thailand (146.4K units)
Electric Soldering Iron Exports in the United States
After three years of growth, shipments abroad of electric soldering irons and guns decreased by -47.5% to 160K units in 2022. Over the period under review, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 30%. Over the period under review, the exports reached the peak figure at 304K units in 2021, and then declined markedly in the following year.
In value terms, electric soldering iron exports reduced markedly to $9.5M in 2022. In general, exports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2021 with an increase of 52%. As a result, the exports reached the peak of $13M, and then fell sharply in the following year.
| Export of Electric Soldering Iron in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 5.7 | 3.7 | 4.4 | 2.9 | -20.2% |
| Canada | 2.2 | 2.4 | 3.2 | 2.7 | 7.1% |
| Costa Rica | 1.0 | 0.9 | 1.3 | 2.2 | 30.1% |
| Australia | N/A | 0.2 | 0.8 | 0.1 | -29.3% |
| Dominican Republic | N/A | N/A | N/A | 0.1 | 0% |
| Others | 1.7 | 1.4 | 3.5 | 1.5 | -4.1% |
| Total | 10.7 | 8.7 | 13.2 | 9.5 | -3.9% |
Top Export Markets for Electric Soldering Iron from the United States in 2022:
- Canada (95.4K units)
- Costa Rica (29.3K units)
- Mexico (20.9K units)
- Australia (3.0K units)
- Dominican Republic (2.6K units)
This report provides an in-depth analysis of the electric soldering iron 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 27903109 - Electric soldering irons and guns
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
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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
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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
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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
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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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During the review period, the number of imports for Electric Soldering Iron reached a record high of 297K units in May 2023. However, from June 2023 to October 2023, imports remained at a slightly lower level. In terms of value, the imports of Electric Soldering Iron decreased slightly to $2M in October 2023.
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During the review period, the number of imports for Electric Soldering Iron reached a record high of 297K units in May 2023. However, from June 2023 to October 2023, imports remained at a slightly lower level. In terms of value, the imports of Electric Soldering Iron decreased slightly to $2M in October 2023.
