U.S.: Industrial Mold Market 2024

Industrial Mold Market Size in the U.S.

The U.S. industrial mold market declined to $X in 2023, approximately reflecting the previous year. The market value increased at an average annual rate of X% from 2013 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Industrial mold consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Industrial Mold Production in the U.S.

In value terms, industrial mold production stood at $X in 2023. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Industrial mold production peaked at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Industrial Mold Exports

Exports from the U.S.

In 2023, shipments abroad of industrial mold increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2023, the growth of the exports remained at a lower figure.

In value terms, industrial mold exports rose remarkably to $X in 2023. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

Mexico (X tons) was the main destination for industrial mold exports from the United States, accounting for a X% share of total exports. Moreover, industrial mold exports to Mexico exceeded the volume sent to the second major destination, Canada (X tons), threefold. The Dominican Republic (X tons) ranked third in terms of total exports with a X% share.

From 2013 to 2023, the average annual growth rate of volume to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and the Dominican Republic (X% per year).

In value terms, Mexico ($X) remains the key foreign market for industrial mold exports from the United States, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with an X% share of total exports. It was followed by China, with a X% share.

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

Export Prices by Country

The average industrial mold export price stood at $X per ton in 2023, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 an increase of X%. The export price peaked at $X per ton in 2021; however, from 2022 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 China ($X per ton), while the average price for exports to Montserrat ($X per ton) was amongst the lowest.

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

Industrial Mold Imports

Imports into the U.S.

In 2023, after three years of growth, there was significant decline in supplies from abroad of industrial mold, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2022, and then shrank in the following year.

In value terms, industrial mold imports shrank to $X in 2023. The total import 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, China (X tons) constituted the largest industrial mold supplier to the United States, accounting for a X% share of total imports. Moreover, industrial mold imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), threefold. Canada (X tons) ranked third in terms of total imports with an X% share.

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

In value terms, Canada ($X) constituted the largest supplier of industrial mold to the United States, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2013 to 2023, the average annual growth rate of value from Canada stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

Import Prices by Country

The average industrial mold import price stood at $X per ton in 2023, increasing by X% against the previous year. Overall, the import price, however, recorded a slight setback. The growth pace was the most rapid in 2019 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2020 to 2023, the average import prices remained 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 Austria ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform