U.S.: Electronic Computer Market 2024

Electronic Computer Market Size in the U.S.

In 2023, the U.S. electronic computer market decreased by X% to $X for the first time since 2016, thus ending a six-year rising trend. Overall, the total consumption indicated a tangible expansion from 2013 to 2023: its value 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. Electronic computer consumption peaked at $X in 2022, and then fell sharply in the following year.

Electronic Computer Production in the U.S.

In value terms, electronic computer production declined modestly to $X in 2023. The total output value increased at an average annual rate of X% from 2013 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2022, and then declined in the following year.

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Electronic Computer Exports

Exports from the U.S.

In 2023, overseas shipments of electronic computers increased by X% to X units, rising for the fifth year in a row after four years of decline. The total export volume 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. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electronic computer exports rose sharply to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2013 to 2023; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2023 and are expected to retain growth in the near future.

Exports by Country

Canada (X units) was the main destination for electronic computer exports from the United States, accounting for a X% share of total exports. Moreover, electronic computer exports to Canada exceeded the volume sent to the second major destination, the United Arab Emirates (X units), twofold. The third position in this ranking was taken by Mexico (X units), with a X% share.

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

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

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

Export Prices by Country

In 2023, the average electronic computer export price amounted to $X per unit, waning by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2023, the average 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 Chile ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

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

Electronic Computer Imports

Imports into the U.S.

In 2023, overseas purchases of electronic computers decreased by X% to X units, falling for the second consecutive year after three years of growth. Over the period under review, imports recorded a slight descent. The growth pace was the most rapid in 2020 with an increase of X%. Imports peaked at X units in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, electronic computer imports fell to $X in 2023. In general, total imports indicated perceptible growth from 2013 to 2023: its value 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. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then shrank in the following year.

Imports by Country

In 2023, China (X units) constituted the largest electronic computer supplier to the United States, accounting for a X% share of total imports. Moreover, electronic computer imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), sixfold. The third position in this ranking was held by Mexico (X units), with an X% share.

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

In value terms, the largest electronic computer suppliers to the United States were China ($X), Mexico ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to 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 electronic computer import price stood at $X per unit in 2023, falling by X% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2013 to 2023: 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 2023 figures, electronic computer import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit, and then shrank in the following year.

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 Mexico ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform