U.S.: Non-Domestic Dryer Market 2024

Non-Domestic Dryer Market Size in the U.S.

The U.S. non-domestic dryer market reached $X.7B in 2022, rising by X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X.6B. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Non-Domestic Dryer Production in the U.S.

In value terms, non-domestic dryer production stood at $X.6B in 2022. In general, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume increased by X%. Over the period under review, production hit record highs at $X.8B in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Non-Domestic Dryer Exports

Exports from the U.S.

In 2022, overseas shipments of non-domestic dryers decreased by X% to X units, falling for the fourth year in a row after four years of growth. Over the period under review, exports, however, posted noticeable growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, non-domestic dryer exports reduced markedly to $X in 2022. Overall, exports recorded a noticeable decline. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X units), Canada (X units) and India (X units) were the main destinations of non-domestic dryer exports from the United States, together comprising X% of total exports. Japan, the Netherlands, China and South Korea lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Mexico ($X) and China ($X) appeared to be the largest markets for non-domestic dryer exported from the United States worldwide, together accounting for X% of total exports. India, Japan, the Netherlands and South Korea lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Japan, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-domestic dryer export price stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Mexico ($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 China (X%), while the prices for the other major destinations experienced a decline.

Non-Domestic Dryer Imports

Imports into the U.S.

In 2022, imports of non-domestic dryers into the United States skyrocketed to X units, jumping by X% against the previous year's figure. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, non-domestic dryer imports surged to $X in 2022. Overall, total imports indicated a strong increase 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 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest non-domestic dryer supplier to the United States, with a X% share of total imports. Moreover, non-domestic dryer imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. Japan (X units) ranked third in terms of total imports with a X% share.

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

In value terms, South Korea ($X), Italy ($X) and Germany ($X) constituted the largest non-domestic dryer suppliers to the United States, together accounting for X% of total imports. China, the UK, Canada, Thailand, Japan, Turkey, Mexico and Singapore lagged somewhat behind, together accounting for a further X%.

Thailand, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 2022, the average non-domestic dryer import price amounted to $X per unit, dropping by X% against the previous year. Overall, the import price, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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