Miscellaneous Industrial Machinery Price in the United States - 2023
Contents:
- Miscellaneous Industrial Machinery Price in the United States (CIF) - 2023
- Miscellaneous Industrial Machinery Price in the United States (FOB) - 2022
- Miscellaneous Industrial Machinery Imports in the United States
- Miscellaneous Industrial Machinery Exports in the United States
Miscellaneous Industrial Machinery Price in the United States (CIF) - 2023
In August 2023, the average miscellaneous industrial machinery import price amounted to $17,527 per ton, shrinking by -13% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 17% against the previous month. Over the period under review, average import prices attained the maximum at $24,093 per ton in December 2022; however, from January 2023 to August 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($54,257 per ton), while the price for China ($4,695 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Mexico (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Miscellaneous Industrial Machinery Price in the United States (FOB) - 2022
In 2022, the average miscellaneous industrial machinery export price amounted to $83,848 per ton, declining by -19.5% against the previous year. Over the period under review, the export price saw a sharp curtailment. The pace of growth appeared the most rapid in 2016 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices attained the maximum at $10,071,777 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($152,157 per ton), while the average price for exports to Belgium ($11,876 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-29.3%), while the prices for the other major destinations experienced a decline.
Miscellaneous Industrial Machinery Imports in the United States
In 2022, overseas purchases of miscellaneous industrial machinery decreased by -2% to 424K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 2,345%.
In value terms, miscellaneous industrial machinery imports rose rapidly to $8.1B in 2022. The total import value increased at an average annual rate of +6.3% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Miscellaneous Industrial Machinery in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,389 | 1,332 | 1,473 | 1,505 | 2.7% |
| China | 663 | 667 | 798 | 905 | 10.9% |
| South Korea | 565 | 719 | 870 | 708 | 7.8% |
| Italy | 593 | 512 | 651 | 685 | 4.9% |
| Japan | 638 | 504 | 684 | 682 | 2.2% |
| Canada | 651 | 608 | 633 | 681 | 1.5% |
| Austria | 279 | 250 | 333 | 374 | 10.3% |
| Taiwan (Chinese) | 253 | 245 | 292 | 317 | 7.8% |
| France | 181 | 148 | 180 | 202 | 3.7% |
| Vietnam | 132 | 188 | 191 | 201 | 15.0% |
| Mexico | 122 | 124 | 121 | 146 | 6.2% |
| Thailand | 129 | 101 | 137 | 143 | 3.5% |
| India | 92.1 | 68.7 | 94.2 | 136 | 13.9% |
| Others | 1,058 | 929 | 1,207 | 1,424 | 10.4% |
| Total | 6,746 | 6,396 | 7,665 | 8,106 | 6.3% |
Top Suppliers of Miscellaneous Industrial Machinery to the United States in 2022:
- China (107.9K tons)
- South Korea (73.7K tons)
- Germany (46.4K tons)
- Japan (32.7K tons)
- Canada (18.4K tons)
- Mexico (17.6K tons)
- Italy (17.2K tons)
- Taiwan (Chinese) (15.8K tons)
- Vietnam (15.1K tons)
- Austria (15.0K tons)
- India (11.6K tons)
- Thailand (8.1K tons)
- France (7.6K tons)
Miscellaneous Industrial Machinery Exports in the United States
Miscellaneous industrial machinery exports from the United States expanded markedly to 48K tons in 2022, increasing by 6.5% against the previous year's figure. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 5,016%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, miscellaneous industrial machinery exports reduced to $4B in 2022. Over the period under review, exports, however, recorded a slight descent. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. As a result, the exports reached the peak of $4.7B, and then declined in the following year.
| Export of Miscellaneous Industrial Machinery in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 598 | 477 | 647 | 750 | 7.8% |
| Canada | 660 | 593 | 689 | 665 | 0.3% |
| China | 604 | 402 | 521 | 364 | -15.5% |
| Germany | 242 | 208 | 369 | 302 | 7.7% |
| Poland | 27.3 | 27.3 | 49.6 | 114 | 61.0% |
| India | 96.2 | 53.0 | 73.0 | 79.0 | -6.4% |
| United Kingdom | 70.4 | 92.5 | 93.3 | 75.4 | 2.3% |
| Honduras | 49.9 | 40.5 | 66.4 | 67.1 | 10.4% |
| Brazil | 57.1 | 44.2 | 45.2 | 66.4 | 5.2% |
| Dominican Republic | 52.9 | 37.9 | 49.9 | 52.3 | -0.4% |
| Turkey | 25.7 | 59.5 | 38.1 | 38.6 | 14.5% |
| Belgium | 231 | 152 | 97.6 | 33.5 | -47.5% |
| Thailand | 40.7 | 35.0 | 27.4 | 29.6 | -10.1% |
| Others | 1,493 | 1,338 | 1,937 | 1,378 | -2.6% |
| Total | 4,248 | 3,560 | 4,703 | 4,015 | -1.9% |
Top Export Markets for Miscellaneous Industrial Machinery from the United States in 2022:
- Mexico (8.6K tons)
- Canada (5.7K tons)
- India (3.4K tons)
- Belgium (2.8K tons)
- China (2.4K tons)
- Germany (2.2K tons)
- Thailand (1.8K tons)
- Dominican Republic (1.5K tons)
- Turkey (1.3K tons)
- Honduras (1.3K tons)
- Poland (1.0K tons)
- United Kingdom (1.0K tons)
- Brazil (0.8K tons)
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