U.S. - Drilling Or Morticing Machines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWood Drilling Machine Price in the United States - 2023
Contents:
- Wood Drilling Machine Price in the United States (CIF) - 2023
- Wood Drilling Machine Price in the United States (FOB) - 2022
- Wood Drilling Machine Imports in the United States
- Wood Drilling Machine Exports in the United States
Wood Drilling Machine Price in the United States (CIF) - 2023
The average wood drilling machine import price stood at $3,239 per unit in September 2023, with an increase of 119% against the previous month. Overall, the import price showed a significant increase. The growth pace was the most rapid in March 2023 when the average import price increased by 248% m-o-m. Over the period under review, average import prices hit record highs in September 2023.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Austria ($1,553 per unit), while the price for China ($260 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Wood Drilling Machine Price in the United States (FOB) - 2022
The average wood drilling machine export price stood at $2,404 per unit in 2022, jumping by 15% against the previous year. Over the period under review, the export price saw a strong increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 70% against the previous year. Over the period under review, the average export prices reached the peak figure at $4,563 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($9,604 per unit), while the average price for exports to Colombia ($450 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 (+9.3%), while the prices for the other major destinations experienced a decline.
Wood Drilling Machine Imports in the United States
After three years of growth, overseas purchases of drilling or morticing machines decreased by -4.5% to 142K units in 2022. The total import volume increased at an average annual rate of +7.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 16%. Imports peaked at 149K units in 2021, and then declined in the following year.
In value terms, wood drilling machine imports expanded to $50M in 2022. In general, imports recorded a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 25%. Over the period under review, imports hit record highs at $62M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Wood Drilling Machine in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.4 | 17.0 | 19.4 | 17.9 | 10.1% |
| Taiwan (Chinese) | 4.0 | 3.1 | 4.3 | 6.8 | 19.3% |
| Others | 44.5 | 18.1 | 24.1 | 25.5 | -16.9% |
| Total | 61.9 | 38.2 | 47.9 | 50.2 | -6.7% |
Top Suppliers of Wood Drilling Machine to the United States in 2022:
- China (109.6K units)
- Taiwan (Chinese) (27.8K units)
Wood Drilling Machine Exports in the United States
In 2022, approx. 3.1K units of drilling or morticing machines were exported from the United States; rising by 52% on the previous year's figure. Overall, exports posted significant growth. The growth pace was the most rapid in 2020 when exports increased by 96% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, wood drilling machine exports soared to $7.5M in 2022. Over the period under review, exports saw resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Wood Drilling Machine in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 1,951 | 937 | 536 | 2,696 | 11.4% |
| Canada | 754 | 1,250 | 639 | 1,300 | 19.9% |
| India | 3.0 | N/A | 29.9 | 698 | 515.1% |
| United Kingdom | 189 | 201 | 241 | 165 | -4.4% |
| Panama | 23.6 | 2.8 | 13.9 | 80.7 | 50.7% |
| Ecuador | 55.8 | 12.2 | 15.7 | 62.3 | 3.7% |
| Colombia | 19.4 | 28.5 | 88.5 | 31.4 | 17.4% |
| Denmark | N/A | N/A | 104 | N/A | 0% |
| Others | 1,929 | 811 | 2,606 | 2,439 | 8.1% |
| Total | 4,924 | 3,244 | 4,273 | 7,472 | 14.9% |
Top Export Markets for Wood Drilling Machine from the United States in 2022:
- Mexico (1180.0 units)
- Canada (799.0 units)
- United Kingdom (347.0 units)
- India (301.0 units)
- Colombia (70.0 units)
- Panama (69.0 units)
- Ecuador (54.0 units)
This report provides an in-depth analysis of the wood drilling machine 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 28491267 - Drilling or morticing machines for working wood, cork, bone, h ard rubber, hard plastics or similar hard materials
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
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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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