U.S. Burial Casket Market. Analysis And Forecast to 2025
Update: COVID-19 Impact
U.S.: Burial Casket Market Overview 2020
Burial Casket Market Size in the U.S.
The U.S. burial casket market was estimated at $X in 2018, approximately mirroring 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, consumption continues to indicate a relatively flat trend pattern.
Burial Casket Imports
Imports into the U.S.
In 2019, after four years of growth, there was decline in overseas purchases of burial caskets, when their volume decreased by -X% to X units. In general, total imports indicated prominent growth from 2013 to 2019: its volume increased at an average annual rate of +X% over the last six years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. As a result, imports reached the peak of X units, and then contracted in the following year.
In value terms, burial casket imports reduced modestly to $X in 2019. The total import value increased at an average annual rate of +X% over the period from 2013 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.
Imports by Country
In 2019, Mexico (X units) constituted the largest burial casket supplier to the U.S., accounting for a X% share of total imports. Moreover, burial casket imports from Mexico exceeded the figures recorded by the second-largest supplier, China (X units), fourfold.
From 2013 to 2019, the average annual rate of growth in terms of volume from Mexico totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Canada (-X% per year).
In value terms, Mexico ($X) constituted the largest supplier of burial casket to the U.S., comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports.
From 2013 to 2019, the average annual growth rate of value from Mexico amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Canada (-X% per year).
Import Prices by Country
In 2019, the average burial casket import price amounted to $X per unit, dropping by -X% against the previous year. In general, the import price showed a slight contraction. The pace of growth was the most pronounced in 2017 when the average import price increased by X% year-to-year. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2019, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin; the country with the highest price was Canada ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.
From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Canada, while the prices for the other major suppliers experienced a decline.
Source: IndexBox AI Platform
Frequently Asked Questions (FAQ) :
What are the leading suppliers of burial caskets to the U.S.?+
In value terms, Mexico ($108M) constituted the largest supplier of burial casket to the U.S., comprising 67% of total imports. The second position in the ranking was occupied by China ($29M), with a 18% share of total imports.
What is the average import price for burial caskets in the U.S.?+
The average burial casket import price stood at $303 per unit in 2019, declining by -2% against the previous year.
This report provides an in-depth analysis of the burial casket market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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