Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in the United States - 2023
Contents:
- Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in the United States (CIF) - 2022
- Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in the United States (FOB) - 2023
- Imports of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in the United States
- Exports of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in the United States
Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in the United States (CIF) - 2022
In 2022, the average import price for casting machines; of a kind used in metallurgy or in metal foundrieses amounted to $2,378 per unit, reducing by -39.1% against the previous year. Overall, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 when the average import price increased by 96%. The import price peaked at $9,045 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($22,419 per unit), while the price for China ($384 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+0.9%), while the prices for the other major suppliers experienced a decline.
Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in the United States (FOB) - 2023
In December 2023, the average export price for casting machines; of a kind used in metallurgy or in metal foundrieses amounted to $25,054 per unit, declining by -13.3% against the previous month. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when the average export price increased by 88% m-o-m. Over the period under review, the average export prices attained the maximum at $62,832 per unit in May 2023; however, from June 2023 to December 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was Mexico ($27,772 per unit), while the average price for exports to Canada ($18,194 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in the United States
In 2022, the amount of casting machines; of a kind used in metallurgy or in metal foundrieses imported into the United States surged to 23K units, jumping by 44% against the year before. Overall, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports of reached the peak figure at 23K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of casting machines; of a kind used in metallurgy or in metal foundrieses contracted to $55M in 2022. Over the period under review, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 7.3%. As a result, imports attained the peak of $81M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 13.2 | 15.5 | 12.2 | 17.2 | 9.2% |
| United Kingdom | 2.2 | 10.4 | 6.8 | 9.9 | 65.1% |
| China | 5.5 | 3.4 | 5.3 | 5.8 | 1.8% |
| Canada | 2.5 | 1.0 | 3.1 | 4.3 | 19.8% |
| Japan | 18.9 | 28.2 | 16.8 | 3.1 | -45.3% |
| Taiwan (Chinese) | 1.2 | 1.1 | 1.5 | 1.6 | 10.1% |
| Norway | N/A | N/A | N/A | 0.7 | 0% |
| South Korea | 0.5 | 4.3 | 2.7 | 0.6 | 6.3% |
| France | 5.3 | N/A | N/A | 0.2 | -66.5% |
| Poland | 1.4 | 2.1 | 0.2 | 0.1 | -58.5% |
| Others | 24.3 | 14.6 | 14.1 | 11.3 | -22.5% |
| Total | 75.0 | 80.5 | 62.7 | 54.9 | -9.9% |
Top Suppliers of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries to the United States in 2022:
- China (15.0K units)
- Taiwan (Chinese) (2.0K units)
- Italy (1.3K units)
- Norway (1.1K units)
- Canada (0.9K units)
- United Kingdom (0.6K units)
- South Korea (0.5K units)
- Poland (0.1K units)
- France (0.1K units)
- Japan (0.1K units)
Exports of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in the United States
In 2022, the amount of casting machines; of a kind used in metallurgy or in metal foundrieses exported from the United States soared to 1.4K units, picking up by 80% compared with the previous year's figure. Overall, exports continue to indicate pronounced growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of casting machines; of a kind used in metallurgy or in metal foundrieses skyrocketed to $45M in 2022. In general, exports recorded buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.4 | 1.7 | 0.1 | 9.9 | 191.4% |
| Mexico | 18.2 | 4.6 | 12.9 | 7.1 | -26.9% |
| South Korea | 0.1 | N/A | 1.7 | 5.9 | 289.3% |
| Turkey | 0.4 | 0.1 | 0.2 | 5.2 | 135.1% |
| Canada | 0.6 | 1.6 | 2.3 | 4.0 | 88.2% |
| Philippines | 0.2 | N/A | 1.8 | 4.0 | 171.4% |
| China | 0.2 | 5.7 | 0.3 | 3.4 | 157.1% |
| India | 8.4 | 2.0 | 0.6 | 2.0 | -38.0% |
| Malaysia | N/A | N/A | 0.1 | 0.8 | 700.0% |
| United Kingdom | 1.3 | 0.3 | 0.9 | 0.1 | -57.5% |
| Others | 6.0 | 10.2 | 3.0 | 2.4 | -26.3% |
| Total | 35.8 | 26.3 | 23.9 | 44.9 | 7.8% |
Top Export Markets for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries from the United States in 2022:
- Germany (307.0 units)
- Mexico (209.0 units)
- South Korea (175.0 units)
- Philippines (137.0 units)
- Canada (132.0 units)
- China (124.0 units)
- India (70.0 units)
- Turkey (67.0 units)
- Malaysia (30.0 units)
- United Kingdom (4.0 units)
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