Price for Drawing, Marking-Out or Mathematical Calculating Instruments in the United States - 2024
Contents:
- Price for Drawing, Marking-Out or Mathematical Calculating Instruments in the United States (FOB) - 2022
- Price for Drawing, Marking-Out or Mathematical Calculating Instruments in the United States (CIF) - 2024
- Exports of Drawing, Marking-Out or Mathematical Calculating Instruments in the United States
- Imports of Drawing, Marking-Out or Mathematical Calculating Instruments in the United States
Price for Drawing, Marking-Out or Mathematical Calculating Instruments in the United States (FOB) - 2022
The average export price for drawing, marking-out or mathematical calculating instrumentses stood at $175 per unit in 2022, which is down by -15.8% against the previous year. In general, the export price recorded a deep setback. The pace of growth was the most pronounced in 2017 an increase of 31%. Over the period under review, the average export prices reached the peak figure at $363 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($337 per unit), while the average price for exports to Taiwan (Chinese) ($65 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 Canada (-0.3%), while the prices for the other major destinations experienced a decline.
Price for Drawing, Marking-Out or Mathematical Calculating Instruments in the United States (CIF) - 2024
In March 2024, the average import price for drawing, marking-out or mathematical calculating instrumentses amounted to $6.1 per unit, rising by 11% against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in June 2023 an increase of 83% month-to-month. Over the period under review, average import prices reached the maximum at $7.1 per unit in August 2023; however, from September 2023 to March 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($9.2 per unit), while the price for India ($3.1 per unit) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Drawing, Marking-Out or Mathematical Calculating Instruments in the United States
In 2022, exports of drawing, marking-out or mathematical calculating instrumentses from the United States soared to 963K units, increasing by 27% on the previous year's figure. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 50%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of drawing, marking-out or mathematical calculating instrumentses expanded sharply to $169M in 2022. The total export value increased at an average annual rate of +1.5% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Drawing, Marking-Out or Mathematical Calculating Instruments in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 12.8 | 25.4 | 27.7 | 38.5 | 44.4% |
| Hong Kong SAR | 23.4 | 16.8 | 21.5 | 33.9 | 13.2% |
| United Kingdom | 15.8 | 8.4 | 6.2 | 12.7 | -7.0% |
| Canada | 9.7 | 8.5 | 9.4 | 10.5 | 2.7% |
| Netherlands | 4.5 | 10.9 | 17.1 | 10.3 | 31.8% |
| Singapore | 3.0 | 3.1 | 3.5 | 6.2 | 27.4% |
| Colombia | 7.6 | 9.3 | 11.9 | 5.7 | -9.1% |
| Germany | 6.9 | 6.2 | 7.0 | 5.2 | -9.0% |
| Japan | 4.7 | 3.5 | 2.7 | 2.5 | -19.0% |
| South Korea | 1.8 | 3.1 | 1.2 | 2.1 | 5.3% |
| Taiwan (Chinese) | 7.7 | 4.7 | 1.7 | 2.0 | -36.2% |
| Dominican Republic | 1.3 | 1.2 | 1.2 | 1.7 | 9.4% |
| Costa Rica | 1.5 | 2.1 | 1.4 | 0.8 | -18.9% |
| Others | 60.6 | 55.7 | 45.7 | 36.5 | -15.5% |
| Total | 161 | 159 | 158 | 169 | 1.6% |
Top Export Markets for Drawing, Marking-Out or Mathematical Calculating Instruments from the United States in 2022:
- Hong Kong SAR (315.2K units)
- United Arab Emirates (179.3K units)
- United Kingdom (61.9K units)
- Canada (31.1K units)
- Taiwan (Chinese) (30.9K units)
- Netherlands (30.8K units)
- Singapore (25.6K units)
- Colombia (19.6K units)
- South Korea (19.2K units)
- Germany (16.6K units)
- Japan (14.6K units)
- Costa Rica (13.6K units)
- Dominican Republic (12.0K units)
Imports of Drawing, Marking-Out or Mathematical Calculating Instruments in the United States
In 2022, after two years of decline, there was significant growth in overseas purchases of drawing, marking-out or mathematical calculating instrumentses, when their volume increased by 38% to 6.3M units. Over the period under review, imports, however, showed a drastic downturn. Imports peaked at 7.6M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of drawing, marking-out or mathematical calculating instrumentses expanded sharply to $68M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +15.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.1% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 20% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Drawing, Marking-Out or Mathematical Calculating Instruments in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 29.8 | 34.8 | 37.1 | 36.2 | 6.7% |
| Vietnam | 0.4 | 4.7 | 8.2 | 12.1 | 211.6% |
| Taiwan (Chinese) | 3.7 | 4.8 | 4.8 | 5.1 | 11.3% |
| Germany | 3.0 | 2.9 | 3.6 | 4.1 | 11.0% |
| Japan | 0.9 | 0.6 | 2.5 | 2.7 | 44.2% |
| India | 2.1 | 1.8 | 2.2 | 1.8 | -5.0% |
| South Korea | 0.7 | 0.7 | 0.6 | 0.9 | 8.7% |
| Others | 3.9 | 2.8 | 4.2 | 4.5 | 4.9% |
| Total | 44.4 | 53.2 | 63.3 | 67.5 | 15.0% |
Top Suppliers of Drawing, Marking-Out or Mathematical Calculating Instruments to the United States in 2022:
- China (3942.0K units)
- Vietnam (702.7K units)
- Taiwan (Chinese) (563.3K units)
- India (232.4K units)
- Japan (222.9K units)
- Germany (195.1K units)
- South Korea (165.4K units)
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