U.S.: Photo-Copying Apparatus Market 2023

Photo-Copying Apparatus Market Size in the U.S.

The U.S. photo-copying apparatus market shrank to $X in 2022, dropping by -7.3% 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). Over the period under review, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +30.6% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2021, and then contracted in the following year.

Photo-Copying Apparatus Exports

Exports from the U.S.

In 2022, shipments abroad of photo-copying apparatus increased by 30% to X units, rising for the second year in a row after two years of decline. In general, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 30% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, photo-copying apparatus exports rose sharply to $X in 2022. Overall, exports, however, continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 29% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico (X units) was the main destination for photo-copying apparatus exports from the United States, accounting for a 21% share of total exports. Moreover, photo-copying apparatus exports to Mexico exceeded the volume sent to the second major destination, China (X units), twofold. Vietnam (X units) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2022, the average annual growth rate of volume to Mexico amounted to +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+1.1% per year) and Vietnam (+0.6% per year).

In value terms, Ecuador ($X), Canada ($X) and Mexico ($X) constituted the largest markets for photo-copying apparatus exported from the United States worldwide, together comprising 42% of total exports. China, Brazil, Argentina, Vietnam, Germany, Colombia, Peru, the UK, Italy and South Korea lagged somewhat behind, together comprising a further 27%.

Among the main countries of destination, Argentina, with a CAGR of +8.8%, saw the highest rates of growth with regard to 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

In 2022, the average photo-copying apparatus export price amounted to $X per unit, reducing by -14% against the previous year. In general, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 an increase of 31%. The export price peaked at $X per unit in 2021, and then fell in the following year.

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 Canada ($X per unit), while the average price for exports to Vietnam ($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 Ecuador (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Photo-Copying Apparatus Imports

Imports into the U.S.

In 2022, the amount of photo-copying apparatus imported into the United States declined dramatically to X units, shrinking by -27.6% against 2021. Overall, total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by 31% against the previous year. Over the period under review, imports attained the maximum at X units in 2021, and then plummeted in the following year.

In value terms, photo-copying apparatus imports expanded markedly to $X in 2022. Over the period under review, total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.6% 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 +62.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 51%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Vietnam (X units), the Philippines (X units) and China (X units) were the main suppliers of photo-copying apparatus imports to the United States, together comprising 53% of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +501.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest photo-copying apparatus suppliers to the United States were China ($X), the Philippines ($X) and Austria ($X), with a combined 46% share of total imports. Germany, South Korea, Vietnam, Bulgaria, Japan and Malaysia lagged somewhat behind, together accounting for a further 26%.

Vietnam, with a CAGR of +320.0%, saw the highest rates of growth with regard to 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

The average photo-copying apparatus import price stood at $X per unit in 2022, with an increase of 49% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, photo-copying apparatus import price increased by +74.3% against 2020 indices. Over the period under review, average import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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 China ($X per unit), while the price for Vietnam ($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 (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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