U.S. - Abrasives (Natural) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAbrasives Price in the United States - 2023
Contents:
- Abrasives Price in the United States (CIF) - 2023
- Abrasives Price in the United States (FOB) - 2022
- Abrasives Imports in the United States
- Abrasives Exports in the United States
Abrasives Price in the United States (CIF) - 2023
The average abrasives import price stood at $192 per ton in July 2023, picking up by 38% against the previous month. Overall, the import price, however, recorded a noticeable decline. The growth pace was the most rapid in January 2023 an increase of 150% against the previous month. As a result, import price reached the peak level of $368 per ton. From February 2023 to July 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 July 2023, the country with the highest price was Canada ($563 per ton), while the price for Greece ($100 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Greece (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Abrasives Price in the United States (FOB) - 2022
The average abrasives export price stood at $616 per ton in 2022, declining by -7% against the previous year. In general, the export price showed a mild decline. The pace of growth was the most pronounced in 2021 an increase of 20%. Over the period under review, the average export prices hit record highs at $823 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($1,620 per ton), while the average price for exports to Canada ($453 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.
Abrasives Imports in the United States
In 2022, the amount of abrasives (natural) imported into the United States skyrocketed to 421K tons, increasing by 65% on 2021. Over the period under review, imports saw a moderate expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, abrasives imports skyrocketed to $70M in 2022. In general, imports, however, saw a pronounced slump.
| Import of Abrasives in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 19.4 | 7.0 | 22.3 | 28.9 | 14.2% |
| Australia | 3.5 | 10.6 | 9.0 | 17.6 | 71.3% |
| India | 16.2 | 8.8 | 4.6 | 8.4 | -19.7% |
| China | 23.6 | 5.0 | 7.2 | 7.1 | -33.0% |
| Iceland | 1.0 | 0.9 | N/A | 2.3 | 32.0% |
| Greece | 3.7 | 3.6 | 1.7 | 2.1 | -17.2% |
| United Arab Emirates | 4.1 | 3.3 | 3.9 | N/A | -2.5% |
| Others | 2.9 | 1.9 | 4.1 | 3.3 | 4.4% |
| Total | 74.4 | 40.9 | 52.8 | 69.7 | -2.2% |
Top Suppliers of Abrasives to the United States in 2022:
- South Africa (229.3K tons)
- Australia (68.6K tons)
- Greece (52.4K tons)
- India (29.3K tons)
- China (25.3K tons)
- Iceland (10.5K tons)
Abrasives Exports in the United States
In 2022, approx. 43K tons of abrasives (natural) were exported from the United States; rising by 18% compared with the previous year's figure. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +12.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 26%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, abrasives exports expanded notably to $26M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +12.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 51%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Abrasives in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 4.4 | 4.8 | 6.8 | 10.6 | 34.1% |
| Mexico | 2.9 | 2.6 | 2.8 | 3.1 | 2.2% |
| Saudi Arabia | N/A | 0.4 | 0.7 | 1.5 | 93.6% |
| Germany | 0.7 | 0.5 | 0.7 | 0.9 | 8.7% |
| Peru | 0.3 | 0.1 | 3.2 | 0.9 | 44.2% |
| Japan | 0.6 | 0.5 | 0.7 | 0.9 | 14.5% |
| United Kingdom | 0.5 | 0.8 | 0.4 | 0.5 | 0.0% |
| China | 0.7 | 0.6 | 0.7 | 0.5 | -10.6% |
| Italy | 0.7 | 0.3 | 0.5 | 0.4 | -17.0% |
| Trinidad and Tobago | 0.3 | 0.3 | 0.2 | 0.2 | -12.6% |
| Others | 7.4 | 4.9 | 7.2 | 6.6 | -3.7% |
| Total | 18.6 | 15.8 | 23.8 | 26.2 | 12.1% |
Top Export Markets for Abrasives from the United States in 2022:
- Canada (23.4K tons)
- Mexico (4.3K tons)
- Saudi Arabia (2.6K tons)
- Peru (1.8K tons)
- Germany (1.1K tons)
- Japan (1.0K tons)
- United Kingdom (0.9K tons)
- China (0.9K tons)
- Italy (0.7K tons)
- Trinidad and Tobago (0.3K tons)
This report provides an in-depth analysis of the abrasives 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 2030.
Product coverage:
- Prodcom 08992200 - Industrial diamonds, unworked or simply sawn, cleaved or bruted, pumice stone, emery, natural corundum, natural garnet and other natural abrasives
- Prodcom 08992220 -
- Prodcom 08992230 -
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In May 2022, the abrasives price per ton amounted to $596 per ton, increasing by 10% against the previous month.
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The global abrasives market is growing rapidly, fueled by increasing demand in various industries such as automotive, construction, and metalworking. Discover the top import markets for abrasives based on import value, including the United States, Netherlands, United Kingdom, China, and the United Arab Emirates. Learn how these countries are driving the growth of the abrasive industry and how businesses can leverage these import markets through platforms like IndexBox.
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The global abrasives market is growing rapidly, fueled by increasing demand in various industries such as automotive, construction, and metalworking. Discover the top import markets for abrasives based on import value, including the United States, Netherlands, United Kingdom, China, and the United Arab Emirates. Learn how these countries are driving the growth of the abrasive industry and how businesses can leverage these import markets through platforms like IndexBox.
