Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the United States - 2023

Contents:

1. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the United States (CIF) - 2022
2. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the United States (FOB) - 2023
3. Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the United States
4. Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the United States

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the United States (CIF) - 2022

In 2022, the average import price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $4.4 per unit, picking up by 9.1% against the previous year. In general, the import price, however, faced a precipitous curtailment. Over the period under review, average import prices attained the maximum at $22 per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 Mexico ($4.3 per unit), while the price for the Netherlands totaled $1.6 per unit.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-6.5%).

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the United States (FOB) - 2023

In December 2023, the average export price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $16.8 per unit, declining by -2.6% against the previous month. Overall, the export price, however, enjoyed measured growth. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 193% m-o-m. As a result, the export price attained the peak level of $30.0 per unit. From February 2023 to December 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Mexico ($33.8 per unit), while the average price for exports to China ($1.7 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 Canada (-0.0%), while the prices for the other major destinations experienced a decline.

Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the United States

For the fourth consecutive year, the United States recorded growth in purchases abroad of millstones, grindstones, grinding wheels and the like; of natural stones, which increased by 11% to 7.7M units in 2022. In general, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 447% against the previous year. Over the period under review, imports of millstones, grindstones, grinding wheels and like; of natural stones hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones soared to $34M in 2022. Over the period under review, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to the United States in 2022:

1. Mexico (7.2M units)
2. Netherlands (0.3M units)

Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the United States

In 2022, the amount of millstones, grindstones, grinding wheels and the like; of natural stones exported from the United States totaled 15M units, increasing by 3.4% compared with the previous year's figure. Over the period under review, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 64% against the previous year. The exports peaked at 22M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones rose significantly to $7.2M in 2022. Overall, exports, however, faced a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 19% against the previous year. The exports peaked at $10M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from the United States in 2022:

1. Mexico (8.2M units)
2. Canada (2.1M units)
3. Honduras (0.9M units)
4. United Kingdom (0.8M units)
5. Bulgaria (0.5M units)
6. Taiwan (Chinese) (0.4M units)
7. China (0.4M units)

Source: IndexBox Market Intelligence Platform