U.S. - Spades And Shovels - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSpades and Shovels Price in the United States - 2023
Contents:
- Spades and Shovels Price in the United States (CIF) - 2023
- Spades and Shovels Price in the United States (FOB) - 2022
- Spades and Shovels Imports in the United States
- Spades and Shovels Exports in the United States
Spades and Shovels Price in the United States (CIF) - 2023
In August 2023, the average spades and shovels import price amounted to $4,982 per ton, which is down by -6.3% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 26% against the previous month. As a result, import price attained the peak level of $5,949 per ton. From April 2023 to August 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($7,696 per ton), while the price for Cambodia ($2,528 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 (+0.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Spades and Shovels Price in the United States (FOB) - 2022
The average spades and shovels export price stood at $42,286 per ton in 2022, dropping by -12% against the previous year. In general, the export price, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 an increase of 459%. Over the period under review, the average export prices attained the maximum at $48,059 per ton in 2021, and then declined in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($296,291 per ton), while the average price for exports to Bangladesh ($6,510 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 Australia (+37.8%), while the prices for the other major destinations experienced more modest paces of growth.
Spades and Shovels Imports in the United States
Spades and shovels imports into the United States surged to 24K tons in 2022, growing by 24% on 2021. Overall, total imports indicated temperate growth from 2019 to 2022: its volume increased at an average annual rate of +3.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, spades and shovels imports rose sharply to $116M in 2022. In general, imports enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 46%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.
Import of Spades and Shovels in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 30.7 | 31.4 | 45.5 | 56.4 | 22.5% |
Mexico | 25.0 | 31.1 | 41.9 | 34.9 | 11.8% |
Brazil | 0.2 | 3.0 | 8.1 | 11.2 | 282.6% |
Taiwan (Chinese) | 2.6 | 2.1 | 3.0 | 4.9 | 23.5% |
Vietnam | 0.4 | 0.3 | 1.7 | 2.5 | 84.2% |
Others | 3.3 | 2.8 | 3.3 | 5.8 | 20.7% |
Total | 62.2 | 70.8 | 103 | 116 | 23.1% |
Top Suppliers of Spades and Shovels to the United States in 2022:
- China (14.8K tons)
- Mexico (4.6K tons)
- Brazil (2.3K tons)
- Taiwan (Chinese) (0.9K tons)
- Vietnam (0.4K tons)
Spades and Shovels Exports in the United States
In 2022, shipments abroad of spades and shovels increased by 31% to 134 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a sharp downturn.
In value terms, spades and shovels exports totaled $5.7M in 2022. Over the period under review, exports, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 17%.
Export of Spades and Shovels in the United States (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 3,694 | 2,615 | 2,929 | 2,661 | -10.4% |
Kazakhstan | N/A | 208 | 471 | 677 | 80.4% |
Taiwan (Chinese) | N/A | N/A | N/A | 557 | 0% |
Australia | 356 | 259 | 371 | 359 | 0.3% |
Germany | 131 | 213 | 160 | 217 | 18.3% |
Norway | 101 | 185 | 150 | 175 | 20.1% |
Belgium | 14.3 | 43.6 | 15.6 | 104 | 93.7% |
Mexico | 273 | 84.5 | 136 | 97.9 | -29.0% |
Dominican Republic | 2.5 | N/A | N/A | 38.7 | 149.2% |
Bangladesh | 4.7 | N/A | N/A | 19.7 | 61.2% |
Hungary | 892 | N/A | N/A | N/A | 0% |
Others | 944 | 624 | 703 | 763 | -6.8% |
Total | 6,413 | 4,232 | 4,935 | 5,670 | -4.0% |
Top Export Markets for Spades and Shovels from the United States in 2022:
- Canada (49.8 tons)
- Germany (18.4 tons)
- Taiwan (Chinese) (17.6 tons)
- Belgium (8.7 tons)
- Dominican Republic (5.7 tons)
- Australia (4.4 tons)
- Mexico (3.4 tons)
- Bangladesh (3.0 tons)
- Norway (2.4 tons)
- Kazakhstan (2.3 tons)
This report provides an in-depth analysis of the spades and shovels 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 25731010 - Spades and shovels
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.
-
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
-
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
-
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
-
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 November 2022, the spades and shovels price stood at $5,126 per ton (CIF, US), which is down by -11.4% against the previous month.
In February 2023, the price for hand tools reached $9,137 per ton (CIF, US), increasing by 5.9% from the previous month.
In value terms, garden tool imports dropped slightly to $6.6M in April 2023.
In February 2023, the price of hedge shear was recorded at $5,463 per ton (CIF, US), showing a 9.7% rise from the previous month.
In March 2023, the register book price stood at $3,546 per ton (CIF, US), falling by -7.8% against the previous month.
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