U.S.: Market for Vacuum Cleaners With Motor 2023

Market Size for Vacuum Cleaners With Motor in the U.S.

The U.S. vacuum cleaner with motor market soared to $X in 2021, jumping by 16% against the previous year. Over the period under review, the total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +47.0% against 2019 indices. Vacuum cleaner with motor consumption peaked in 2021 and is likely to continue growth in years to come.

Production of Vacuum Cleaners With Motor in the U.S.

In value terms, vacuum cleaner with motor production contracted modestly to $X in 2021. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 11%. Vacuum cleaner with motor production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Vacuum Cleaners With Motor

Exports from the U.S.

In 2021, overseas shipments of vacuum cleaners with motor were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 5.2%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, vacuum cleaner with motor exports surged to $X in 2021. In general, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico (X tons), Canada (X tons) and Germany (X tons) were the main destinations of vacuum cleaner with motor exports from the United States, with a combined 89% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +0.4%), while shipments for the other leaders experienced a decline.

In value terms, Mexico ($X), Canada ($X) and Hong Kong SAR ($X) were the largest markets for vacuum cleaner with motor exported from the United States worldwide, with a combined 76% share of total exports.

In terms of the main countries of destination, Mexico, with a CAGR of +14.1%, saw 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

In 2021, the average vacuum cleaner with motor export price amounted to $X per ton, with an increase of 44% against the previous year. In general, the export price recorded a buoyant expansion. The pace of growth was the most pronounced in 2020 an increase of 167% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Belgium ($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 Hong Kong SAR (+40.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Cleaners With Motor

Imports into the U.S.

In 2021, the amount of vacuum cleaners with motor imported into the United States surged to X tons, increasing by 63% compared with 2020. Overall, imports enjoyed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, vacuum cleaner with motor imports surged to $X in 2021. In general, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +51.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 28%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest vacuum cleaner with motor supplier to the United States, with a 64% share of total imports. Moreover, vacuum cleaner with motor imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fourfold. The third position in this ranking was held by Malaysia (X tons), with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+55.7% per year) and Malaysia (+5.2% per year).

In value terms, China ($X) constituted the largest supplier of vacuum cleaners with motor to the United States, comprising 56% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 17% share of total imports. It was followed by Vietnam, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+8.1% per year) and Vietnam (+45.8% per year).

Import Prices by Country

The average vacuum cleaner with motor import price stood at $X per ton in 2021, falling by -27.2% against the previous year. Overall, the import price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2018 an increase of 17%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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