U.S.: Electronic Metal Tester Market 2023

Electronic Metal Tester Market Size in the U.S.

In 2021, the U.S. electronic metal tester market decreased by -43.2% to $X, falling for the fourth year in a row after three years of growth. In general, consumption recorded a deep slump. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Electronic Metal Tester Production in the U.S.

In value terms, electronic metal tester production reached $X in 2021. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 83% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Electronic Metal Tester Exports

Exports from the U.S.

In 2021, overseas shipments of electronic machines and appliances for testing metals increased by 112% to X units, rising for the fourth consecutive year after three years of decline. In general, exports enjoyed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electronic metal tester exports skyrocketed to $X in 2021. Overall, exports, however, showed a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

China (X units) was the main destination for electronic metal tester exports from the United States, accounting for a 51% share of total exports. Moreover, electronic metal tester exports to China exceeded the volume sent to the second major destination, South Korea (X units), sevenfold. Canada (X units) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at +23.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+12.1% per year) and Canada (+5.9% per year).

In value terms, China ($X) remains the key foreign market for electronic machines and appliances for testing metals exports from the United States, comprising 45% of total exports. The second position in the ranking was held by South Korea ($X), with a 7.4% share of total exports. It was followed by Canada, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+2.5% per year) and Canada (-3.5% per year).

Export Prices by Country

In 2021, the average electronic metal tester export price amounted to $X per unit, reducing by -42.3% against the previous year. Over the period under review, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015 an increase of 17% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.1%), while the prices for the other major destinations experienced a decline.

Electronic Metal Tester Imports

Imports into the U.S.

In 2021, approx. X units of electronic machines and appliances for testing metals were imported into the United States; rising by 94% compared with the previous year's figure. In general, imports continue to indicate a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electronic metal tester imports rose remarkably to $X in 2021. The total import value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 27% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Canada (X units) constituted the largest electronic metal tester supplier to the United States, accounting for a 35% share of total imports. Moreover, electronic metal tester imports from Canada exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was taken by Israel (X units), with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Canada amounted to +32.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.6% per year) and Israel (+28.6% per year).

In value terms, Canada ($X) constituted the largest supplier of electronic machines and appliances for testing metals to the United States, comprising 29% of total imports. The second position in the ranking was held by the UK ($X), with a 14% share of total imports. It was followed by Germany, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Canada totaled +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-0.7% per year) and Germany (-3.7% per year).

Import Prices by Country

In 2021, the average electronic metal tester import price amounted to $X per unit, falling by -42% against the previous year. In general, the import price faced a deep reduction. The pace of growth was the most pronounced in 2017 an increase of 6.2% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per unit), while the price for Finland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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