U.S.: Wood Milling Machine Market 2022

Wood Milling Machine Market Size in the U.S.

The U.S. wood milling machine market declined to $X in 2021, with a decrease of -6.2% 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). The market value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Wood Milling Machine Exports

Exports from the U.S.

Wood milling machine exports from the United States skyrocketed to X units in 2021, growing by 96% on the previous year's figure. In general, exports recorded a noticeable expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, wood milling machine exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X units) was the main destination for wood milling machine exports from the United States, with a 85% share of total exports. Moreover, wood milling machine exports to Canada exceeded the volume sent to the second major destination, Taiwan (Chinese) (X units), more than tenfold. The third position in this ranking was held by Ecuador (X units), with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada amounted to +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+13.7% per year) and Ecuador (+31.9% per year).

In value terms, Canada ($X) remains the key foreign market for wood milling machine exports from the United States, comprising 59% of total exports. The second position in the ranking was held by Mexico ($X), with an 8.1% share of total exports. It was followed by Taiwan (Chinese), with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada totaled +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+0.4% per year) and Taiwan (Chinese) (+18.3% per year).

Export Prices by Country

The average wood milling machine export price stood at $X per unit in 2021, with a decrease of -21.5% against the previous year. Overall, the export price recorded a pronounced contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 18% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Mexico ($X per unit), while the average price for exports to Ecuador ($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 the United Arab Emirates (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Milling Machine Imports

Imports into the U.S.

In 2021, wood milling machine imports into the United States shrank significantly to X units, with a decrease of -28.3% on 2020. Overall, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 42%. Over the period under review, imports reached the peak figure at X units in 2020, and then dropped dramatically in the following year.

In value terms, wood milling machine imports surged to $X in 2021. The total import value increased at an average annual rate of +5.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Taiwan (Chinese) (X units) constituted the largest wood milling machine supplier to the United States, with a 84% share of total imports. Moreover, wood milling machine imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X units), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) amounted to +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-13.2% per year) and Canada (+21.7% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of wood milling machine to the United States, comprising 43% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Taiwan (Chinese) stood at +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.7% per year) and Canada (+5.8% per year).

Import Prices by Country

In 2021, the average wood milling machine import price amounted to $X per unit, growing by 70% against the previous year. Over the period under review, the import price, however, continues to indicate a slight decline. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+23.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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