U.S.: Book Folding Machine Market 2024

Book Folding Machine Market Size in the U.S.

The U.S. book folding machine market reached $X.5B in 2022, surging by X% against the previous year. Over the period under review, consumption, however, continues to indicate a pronounced setback. Over the period under review, the market hit record highs at $X.5B in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Book Folding Machine Production in the U.S.

In value terms, book folding machine production rose modestly to $X.9B in 2022. Overall, production, however, saw a perceptible downturn. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. Over the period under review, production hit record highs at $X.3B in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Book Folding Machine Exports

Exports from the U.S.

In 2022, overseas shipments of folding machines for books were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a pronounced contraction. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, book folding machine exports soared to $X in 2022. Overall, exports, however, recorded a pronounced curtailment. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Canada (X units) was the main destination for book folding machine exports from the United States, accounting for a X% share of total exports. Moreover, book folding machine exports to Canada exceeded the volume sent to the second major destination, Australia (X units), ninefold. Mexico (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Mexico (X% per year).

In value terms, Canada ($X) remains the key foreign market for folding machines for books exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Australia (X% per year).

Export Prices by Country

The average book folding machine export price stood at $X per unit in 2022, rising by X% against the previous year. Overall, the export price, however, showed a mild decline. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to India ($X 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 (X%), while the prices for the other major destinations experienced mixed trend patterns.

Book Folding Machine Imports

Imports into the U.S.

In 2022, purchases abroad of folding machines for books decreased by X% to X units, falling for the third year in a row after two years of growth. In general, imports saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, book folding machine imports skyrocketed to $X in 2022. Overall, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of book folding machine to the United States, accounting for a X% share of total imports. Moreover, book folding machine imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X units), fivefold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, Germany ($X), China ($X) and Japan ($X) appeared to be the largest book folding machine suppliers to the United States, with a combined X% share of total imports.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average book folding machine import price stood at $X per unit in 2022, growing by X% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, book folding machine import price increased by X% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per unit), while the price for Portugal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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