U.S.: Market for Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Numerically Controlled Drilling Machines For Working Metal in the U.S.

In 2022, the U.S. numerically controlled drilling machine market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, recorded a strong increase. Numerically controlled drilling machine consumption peaked at $X in 2021, and then declined in the following year.

Production of Numerically Controlled Drilling Machines For Working Metal in the U.S.

In value terms, numerically controlled drilling machine production contracted modestly to $X in 2022. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X%. Numerically controlled drilling machine production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

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Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from the U.S.

In 2022, overseas shipments of numerically controlled drilling machines for working metal were finally on the rise to reach X units after two years of decline. Overall, exports, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, numerically controlled drilling machine exports declined slightly to $X in 2022. In general, exports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X units), the UK (X units) and India (X units) were the main destinations of numerically controlled drilling machine exports from the United States, together accounting for X% of total exports. France, Germany, Peru, China and Canada lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), France ($X) and Mexico ($X) constituted the largest markets for numerically controlled drilling machine exported from the United States worldwide, together comprising X% of total exports. Germany, India, Canada, China and Peru lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Germany, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average numerically controlled drilling machine export price stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the export price recorded a pronounced decrease. The pace of growth appeared the most rapid in 2013 an increase of X%. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Peru ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into the U.S.

In 2022, the amount of numerically controlled drilling machines for working metal imported into the United States skyrocketed to X units, rising by X% compared with 2021. In general, imports, however, continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, numerically controlled drilling machine imports surged to $X in 2022. Over the period under review, imports, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Spain (X units) constituted the largest numerically controlled drilling machine supplier to the United States, accounting for a X% share of total imports. Moreover, numerically controlled drilling machine imports from Spain exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. China (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and China (X% per year).

In value terms, the Netherlands ($X), Spain ($X) and Italy ($X) constituted the largest numerically controlled drilling machine suppliers to the United States, with a combined X% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of X%, recorded the highest growth rate of 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 numerically controlled drilling machine import price stood at $X per unit in 2022, waning by X% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2022: its price 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 2022 figures, numerically controlled drilling machine import price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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