U.S.: Globe Market 2022

Globe Market Size in the U.S.

The U.S. globe market rose remarkably to $X in 2021, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded significant growth. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Globe Exports

Exports from the U.S.

In 2021, approx. X tons of globes were exported from the United States; falling by less than X% compared with 2020. In general, exports showed a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, globe exports declined to $X in 2021. Overall, exports showed a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for globe exports from the United States, accounting for a X% share of total exports. Moreover, globe exports to Canada exceeded the volume sent to the second major destination, the UK (X tons), sixfold. Japan (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2021, the average annual growth rate of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-X% per year) and Japan (-X% per year).

In value terms, Canada ($X) remains the key foreign market for globe exports from the United States, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-X% per year) and Japan (-X% per year).

Export Prices by Country

The average globe export price stood at $X per ton in 2021, stabilizing at the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of less than X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to Israel ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Globe Imports

Imports into the U.S.

For the third consecutive year, the United States recorded growth in overseas purchases of globes, which increased by X% to X tons in 2021. Over the period under review, imports posted prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, globe imports expanded notably to $X in 2021. Overall, imports posted resilient growth. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest globe supplier to the United States, with a X% share of total imports. Moreover, globe imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from India totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Taiwan (Chinese) (+X% per year).

In value terms, India ($X), China ($X) and Taiwan (Chinese) ($X) constituted the largest globe suppliers to the United States, together comprising X% of total imports.

India, with a CAGR of +X%, saw the highest growth rate of 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

In 2021, the average globe import price amounted to $X per ton, which is down by less than X% against the previous year. Overall, the import price saw a noticeable slump. The pace of growth appeared the most rapid in 2013 an increase of less than X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were China ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for India ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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