U.S. - Mechanical Shovels, Excavators And Shovel Loaders - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Mechanical Shovel and Excavator in the United States - 2023
Contents:
- Price for Mechanical Shovel and Excavator in the United States (CIF) - 2023
- Price for Mechanical Shovel and Excavator in the United States (FOB) - 2023
- Imports of Mechanical Shovel and Excavator in the United States
- Exports of Mechanical Shovel and Excavator in the United States
Price for Mechanical Shovel and Excavator in the United States (CIF) - 2023
The average mechanical shovel and excavator import price stood at $65,650 per unit in July 2023, growing by 2.9% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in January 2023 an increase of 11% month-to-month. The import price peaked at $66,343 per unit in February 2023; afterwards, it flattened through to July 2023.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Brazil ($114K per unit), while the price for China ($25,069 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Japan (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Mechanical Shovel and Excavator in the United States (FOB) - 2023
In July 2023, the average mechanical shovel and excavator export price amounted to $56,340 per unit, reducing by -3.4% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 41% m-o-m. The export price peaked at $59,680 per unit in July 2022; afterwards, it flattened through to July 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Australia ($94,875 per unit), while the average price for exports to the Czech Republic ($30,796 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+4.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Mechanical Shovel and Excavator in the United States
In 2022, approx. 152K units of mechanical shovels, excavators and shovel loaders were imported into the United States; jumping by 37% on 2021 figures. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +9.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, mechanical shovel and excavator imports surged to $8.7B in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +8.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Mechanical Shovel and Excavator in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 3,973 | 2,862 | 3,776 | 5,119 | 8.8% |
| South Korea | 707 | 471 | 592 | 866 | 7.0% |
| China | 397 | 299 | 347 | 558 | 12.0% |
| United Kingdom | 564 | 275 | 428 | 522 | -2.5% |
| Germany | 199 | 89.8 | 147 | 203 | 0.7% |
| Austria | 181 | 137 | 151 | 166 | -2.8% |
| Czech Republic | 66.1 | 56.9 | 152 | 145 | 29.9% |
| Others | 815 | 481 | 678 | 1,109 | 10.8% |
| Total | 6,902 | 4,671 | 6,271 | 8,687 | 8.0% |
Top Suppliers of Mechanical Shovel and Excavator to the United States in 2022:
- Japan (93.3K units)
- China (18.9K units)
- South Korea (9.0K units)
- United Kingdom (6.7K units)
- Czech Republic (6.4K units)
- Germany (3.6K units)
- Austria (2.2K units)
Exports of Mechanical Shovel and Excavator in the United States
In 2022, exports of mechanical shovels, excavators and shovel loaders from the United States soared to 73K units, rising by 25% against the year before. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +8.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 25%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, mechanical shovel and excavator exports rose notably to $3.8B in 2022. The total export value increased at an average annual rate of +6.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 28%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.
| Export of Mechanical Shovel and Excavator in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 1,679 | 1,319 | 1,910 | 2,329 | 11.5% |
| Mexico | 146 | 163 | 199 | 235 | 17.2% |
| Australia | 194 | 173 | 225 | 210 | 2.7% |
| Chile | 41.8 | 119 | 78.6 | 158 | 55.8% |
| Italy | 89.3 | 51.7 | 56.3 | 77.8 | -4.5% |
| Czech Republic | 40.4 | 33.8 | 58.2 | 69.6 | 19.9% |
| Peru | 73.7 | 84.7 | 118 | 66.3 | -3.5% |
| Belgium | 130 | 110 | 36.3 | 28.7 | -39.6% |
| Others | 743 | 576 | 679 | 586 | -7.6% |
| Total | 3,137 | 2,630 | 3,360 | 3,761 | 6.2% |
Top Export Markets for Mechanical Shovel and Excavator from the United States in 2022:
- Canada (45.7K units)
- Mexico (6.2K units)
- Australia (3.3K units)
- Czech Republic (1.9K units)
- Peru (1.6K units)
- Italy (1.5K units)
- Chile (1.2K units)
- Belgium (0.6K units)
This report provides an in-depth analysis of the market for mechanical shovel and excavator 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 28922530 - Loaders specially designed for underground use
- Prodcom 28922550 - Wheeled loaders, crawler shovel loaders, front-end loaders
- Prodcom 28922600 - Self-propelled bulldozers... with a .360
- Prodcom 28922730 - Self-propelled bulldozers, excavators..., n.e.c.
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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