Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in the United States - 2024
Contents:
- Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in the United States (FOB) - 2024
- Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in the United States (CIF) - 2022
- Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in the United States
- Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in the United States
Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in the United States (FOB) - 2024
The average export price for weighing machines; having a maximum weighing capacity exceeding 5000kgs stood at $8,434 per unit in December 2023, with an increase of 14% against the previous month. Over the period from February 2023 to December 2023, it increased at an average monthly rate of +2.5%. The pace of growth appeared the most rapid in June 2023 when the average export price increased by 43% m-o-m. Over the period under review, the average export prices reached the maximum in December 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($13,035 per unit), while the average price for exports to the United Arab Emirates ($2,461 per unit) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in the United States (CIF) - 2022
The average import price for weighing machines; having a maximum weighing capacity exceeding 5000kgs stood at $370 per unit in 2022, which is down by -26% against the previous year. In general, the import price recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 an increase of 81% against the previous year. The import price peaked at $1,148 per unit in 2013; however, from 2014 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 Switzerland ($2,418 per unit), while the price for Morocco ($62 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in the United States
In 2022, the amount of weighing machines; having a maximum weighing capacity exceeding 5000kgs exported from the United States fell modestly to 5.2K units, approximately mirroring the year before. In general, exports showed a mild setback. The pace of growth appeared the most rapid in 2021 when exports increased by 24%. Over the period under review, the exports of reached the peak figure at 5.5K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of weighing machines; having a maximum weighing capacity exceeding 5000kgs declined to $35M in 2022. Over the period under review, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2021 when exports increased by 11%. The exports peaked at $42M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 13.6 | 12.1 | 17.6 | 14.7 | 2.6% |
| Mexico | 4.6 | 1.5 | 2.6 | 3.5 | -8.7% |
| Australia | 2.3 | 0.7 | 0.6 | 1.9 | -6.2% |
| Brazil | 2.0 | 1.4 | 1.2 | 1.2 | -15.7% |
| China | 3.1 | 1.2 | 0.5 | 0.8 | -36.3% |
| Thailand | 0.5 | 0.4 | 0.9 | 0.8 | 17.0% |
| United Kingdom | 1.1 | 0.5 | 0.4 | 0.6 | -18.3% |
| Finland | 0.2 | 0.2 | 0.1 | 0.5 | 35.7% |
| Singapore | 0.4 | 0.6 | 0.2 | 0.5 | 7.7% |
| South Africa | 0.3 | 0.1 | 0.2 | 0.4 | 10.1% |
| Chile | 0.5 | 0.4 | 0.5 | 0.4 | -7.2% |
| Germany | 0.6 | 0.6 | 0.4 | 0.4 | -12.6% |
| India | 0.5 | 0.2 | 0.3 | 0.3 | -15.7% |
| Others | 12.5 | 13.5 | 11.9 | 9.0 | -10.4% |
| Total | 42.3 | 33.5 | 37.2 | 35.0 | -6.1% |
Top Export Markets for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg from the United States in 2022:
- Canada (1802.0 units)
- Mexico (768.0 units)
- Australia (288.0 units)
- Finland (165.0 units)
- United Kingdom (146.0 units)
- Brazil (129.0 units)
- South Africa (116.0 units)
- Singapore (102.0 units)
- Thailand (102.0 units)
- Chile (101.0 units)
- Germany (80.0 units)
- India (79.0 units)
- China (79.0 units)
Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in the United States
In 2022, the amount of weighing machines; having a maximum weighing capacity exceeding 5000kgs imported into the United States skyrocketed to 45K units, growing by 75% on 2021. In general, imports, however, saw a noticeable curtailment. Imports peaked at 51K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of weighing machines; having a maximum weighing capacity exceeding 5000kgs skyrocketed to $17M in 2022. The total import value increased at an average annual rate of +4.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 2.9 | 3.0 | 3.6 | 3.5 | 6.5% |
| Switzerland | 3.7 | 1.4 | 1.7 | 2.2 | -15.9% |
| United Kingdom | 1.0 | 1.6 | 1.7 | 1.6 | 17.0% |
| South Korea | 0.6 | 0.2 | 0.5 | 1.4 | 32.6% |
| Japan | 0.3 | 0.4 | 1.1 | 1.3 | 63.0% |
| China | 1.3 | 1.0 | 0.7 | 1.3 | 0.0% |
| Germany | 0.7 | 1.0 | 0.7 | 1.2 | 19.7% |
| Sri Lanka | 1.8 | 0.3 | 0.6 | 1.1 | -15.1% |
| Italy | 0.4 | 0.2 | 0.4 | 0.7 | 20.5% |
| Singapore | 0.1 | 0.1 | 0.2 | 0.6 | 81.7% |
| Taiwan (Chinese) | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Morocco | N/A | N/A | N/A | 0.1 | 0% |
| Others | 1.7 | 2.3 | 1.6 | 1.6 | -2.0% |
| Total | 14.5 | 11.6 | 12.9 | 16.7 | 4.8% |
Top Suppliers of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg to the United States in 2022:
- Sri Lanka (17.2K units)
- China (7.4K units)
- Canada (4.3K units)
- Japan (3.3K units)
- South Korea (2.0K units)
- Italy (1.5K units)
- United Kingdom (1.5K units)
- Morocco (1.4K units)
- Germany (1.4K units)
- Taiwan (Chinese) (1.0K units)
- Switzerland (0.9K units)
- Singapore (0.7K units)
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