U.S.: Food Products Machinery Market 2024

Food Products Machinery Market Size in the U.S.

In 2023, after ten years of growth, there was significant decline in the U.S. food products machinery market, when its value decreased by X% to $X. Overall, consumption, however, posted a significant expansion. Food products machinery consumption peaked at $X in 2022, and then contracted in the following year.

Food Products Machinery Production in the U.S.

In value terms, food products machinery production fell slightly to $X in 2023. The total output value increased at an average annual rate of X% over the period from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2022, and then shrank slightly in the following year.

Food Products Machinery Exports

Exports from the U.S.

In 2023, after four years of growth, there was significant decline in overseas shipments of food products machinery, when their volume decreased by X% to X units. Overall, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2022, and then reduced in the following year.

In value terms, food products machinery exports rose remarkably to $X in 2023. The total export value increased at an average annual rate of X% from 2013 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. The exports peaked in 2023 and are likely to continue growth in years to come.

Exports by Country

The Netherlands (X units), Mexico (X units) and Peru (X units) were the main destinations of food products machinery exports from the United States, together comprising X% of total exports. El Salvador, Nicaragua, the UK, France, Japan, Brazil, Israel, the Dominican Republic, Turkey and Poland lagged somewhat behind, together comprising a further X%.

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

In value terms, Mexico ($X) remains the key foreign market for food products machinery exports from the United States, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2013 to 2023, the average annual growth rate of value to Mexico amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and the UK (X% per year).

Export Prices by Country

In 2023, the average food products machinery export price amounted to $X per unit, jumping by X% against the previous year. Overall, the export price, however, saw a abrupt descent. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Nicaragua ($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 Japan (X%), while the prices for the other major destinations experienced a decline.

Food Products Machinery Imports

Imports into the U.S.

In 2023, after ten years of growth, there was significant decline in supplies from abroad of food products machinery, when their volume decreased by X% to X units. Overall, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports reached the maximum at X units in 2022, and then dropped in the following year.

In value terms, food products machinery imports reached $X in 2023. In general, total imports indicated prominent growth from 2013 to 2023: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked in 2023 and are likely to continue growth in the near future.

Imports by Country

Germany (X units), Italy (X units) and Denmark (X units) were the main suppliers of food products machinery imports to the United States, together accounting for X% of total imports. The Netherlands, the UK, Canada, France, China, Switzerland, Turkey, Mexico, Brazil and Japan lagged somewhat behind, together accounting for a further X%.

From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest food products machinery suppliers to the United States were Germany ($X), the Netherlands ($X) and Italy ($X), together comprising X% of total imports. Canada, China, Denmark, France, Japan, Switzerland, Mexico, the UK, Brazil and Turkey lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Brazil, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average food products machinery import price stood at $X per unit in 2023, jumping by X% against the previous year. In general, the import price, however, recorded a sharp decrease. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

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

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

Source: IndexBox Platform