U.S.: Market for Conveyors And Conveying Equipment 2024

Market Size for Conveyors And Conveying Equipment in the U.S.

The U.S. conveyor and conveying equipment market expanded modestly to $X in 2022, growing by X% against the previous year. Over the period under review, consumption enjoyed a significant increase. Conveyor and conveying equipment consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Conveyors And Conveying Equipment in the U.S.

In value terms, conveyor and conveying equipment production declined slightly to $X in 2022. The total output value increased at an average annual rate of X% over the period from 2013 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Exports of Conveyors And Conveying Equipment

Exports from the U.S.

In 2023, shipments abroad of conveyors and conveying equipment decreased by X% to X units, falling for the second consecutive year after six years of growth. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at X units in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, conveyor and conveying equipment exports amounted to $X in 2023. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

Mexico (X units), the UK (X units) and the Netherlands (X units) were the main destinations of conveyor and conveying equipment exports from the United States, together comprising X% of total exports.

From 2013 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for conveyor and conveying equipment exported from the United States were Canada ($X), Mexico ($X) and China ($X), with a combined X% share of total exports.

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

Export Prices by Country

In 2023, the average conveyor and conveying equipment export price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price, however, saw a dramatic curtailment. The pace of growth was the most pronounced in 2022 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Belgium ($X per unit) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced a decline.

Imports of Conveyors And Conveying Equipment

Imports into the U.S.

In 2023, overseas purchases of conveyors and conveying equipment decreased by X% to X units, falling for the second consecutive year after nine years of growth. Overall, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked at X units in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, conveyor and conveying equipment imports amounted to $X in 2023. Over the period under review, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked in 2023 and are expected to retain growth in the immediate term.

Imports by Country

In 2023, Taiwan (Chinese) (X units) constituted the largest conveyor and conveying equipment supplier to the United States, accounting for a X% share of total imports. Moreover, conveyor and conveying equipment imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by Denmark (X units), with a X% share.

From 2013 to 2023, the average annual rate of growth in terms of volume from Taiwan (Chinese) stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Denmark (X% per year).

In value terms, Canada ($X), Germany ($X) and Italy ($X) constituted the largest conveyor and conveying equipment suppliers to the United States, together accounting for X% of total imports. China, Mexico, Austria, Denmark and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

Mexico, 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 2023, the average conveyor and conveying equipment import price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the import price, however, showed a sharp curtailment. Over the period under review, average import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform