U.S. Welding And Soldering Equipment Market. Analysis And Forecast to 2030
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View PricingPrice for Welding and Soldering Equipment in the United States - 2023
Contents:
- Price for Welding and Soldering Equipment in the United States (CIF) - 2022
- Price for Welding and Soldering Equipment in the United States (FOB) - 2022
- Imports of Welding and Soldering Equipment in the United States
- Exports of Welding and Soldering Equipment in the United States
Price for Welding and Soldering Equipment in the United States (CIF) - 2022
The average welding and soldering equipment import price stood at $24,692 per ton in 2022, approximately reflecting the previous year. Over the period under review, the import price, however, recorded a abrupt setback. The growth pace was the most rapid in 2016 when the average import price increased by 21%. Over the period under review, average import prices hit record highs at $46,301 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
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 Germany ($76,849 per ton), while the price for Vietnam ($1,930 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+30.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Welding and Soldering Equipment in the United States (FOB) - 2022
The average welding and soldering equipment export price stood at $26,137 per ton in 2022, growing by 12% against the previous year. Over the period from 2013 to 2022, it increased at an average annual rate of +2.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($74,842 per ton), while the average price for exports to Hong Kong SAR ($9,277 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Welding and Soldering Equipment in the United States
In 2022, approx. 72K tons of welding and soldering equipment were imported into the United States; surging by 6% compared with the year before. In general, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.8% 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 +76.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 59% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, welding and soldering equipment imports totaled $1.8B in 2022. The total import value increased at an average annual rate of +4.3% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 10% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Welding and Soldering Equipment in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 419 | 436 | 351 | 323 | -8.3% |
| Germany | 171 | 173 | 218 | 293 | 19.7% |
| Canada | 220 | 153 | 211 | 248 | 4.1% |
| China | 150 | 153 | 203 | 204 | 10.8% |
| Mexico | 138 | 150 | 159 | 168 | 6.8% |
| South Korea | 64.6 | 84.6 | 51.2 | 60.4 | -2.2% |
| Austria | 46.4 | 38.4 | 43.8 | 56.4 | 6.7% |
| Italy | 32.1 | 44.5 | 86.6 | 53.1 | 18.3% |
| Taiwan (Chinese) | 31.4 | 34.6 | 39.3 | 48.8 | 15.8% |
| France | 30.2 | 33.4 | 32.0 | 32.1 | 2.1% |
| India | 15.7 | 14.9 | 22.9 | 28.9 | 22.6% |
| Vietnam | 2.1 | 2.6 | 5.3 | 7.9 | 55.5% |
| Philippines | 2.7 | 2.2 | 2.7 | 6.1 | 31.2% |
| Others | 235 | 186 | 237 | 239 | 0.6% |
| Total | 1,559 | 1,506 | 1,662 | 1,770 | 4.3% |
Top Suppliers of Welding and Soldering Equipment to the United States in 2022:
- China (14.6K tons)
- South Korea (8.8K tons)
- Canada (8.5K tons)
- Japan (8.5K tons)
- Mexico (6.2K tons)
- Vietnam (4.1K tons)
- Germany (3.8K tons)
- Italy (3.2K tons)
- India (2.8K tons)
- Taiwan (Chinese) (2.0K tons)
- Philippines (1.8K tons)
- Austria (1.3K tons)
- France (1.2K tons)
Exports of Welding and Soldering Equipment in the United States
In 2022, the amount of welding and soldering equipment exported from the United States declined slightly to 48K tons, falling by -1.8% on 2021 figures. Overall, exports saw a mild setback. The pace of growth was the most pronounced in 2021 when exports increased by 16%.
In value terms, welding and soldering equipment exports rose remarkably to $1.3B in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 22%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Welding and Soldering Equipment in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 323 | 304 | 414 | 430 | 10.0% |
| Mexico | 399 | 249 | 273 | 322 | -6.9% |
| China | 67.4 | 50.5 | 63.6 | 71.2 | 1.8% |
| Australia | 26.9 | 21.7 | 30.5 | 33.3 | 7.4% |
| United Arab Emirates | 21.8 | 12.6 | 14.9 | 17.9 | -6.4% |
| India | 20.0 | 12.4 | 17.0 | 17.2 | -4.9% |
| Saudi Arabia | 12.5 | 11.1 | 11.0 | 14.9 | 6.0% |
| Chile | 15.2 | 9.8 | 12.6 | 13.8 | -3.2% |
| Hong Kong SAR | 11.0 | 8.4 | 8.3 | 8.8 | -7.2% |
| Others | 366 | 263 | 300 | 337 | -2.7% |
| Total | 1,263 | 942 | 1,145 | 1,266 | 0.1% |
Top Export Markets for Welding and Soldering Equipment from the United States in 2022:
- Canada (19.2K tons)
- Mexico (12.7K tons)
- China (2.4K tons)
- Australia (1.3K tons)
- India (1.3K tons)
- United Arab Emirates (1.1K tons)
- Hong Kong SAR (1.0K tons)
- Saudi Arabia (0.8K tons)
- Chile (0.7K tons)
This report provides an in-depth analysis of the market for welding and soldering equipment 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:
- NAICS 333992 - Welding and soldering equipment manufacturing
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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Imports of Welding And Soldering Equipment increased substantially to $133M in June 2023 in terms of value.
148
In February 2023, the price of welding and soldering equipment was $27,949 per ton (CIF, US) - an increase of 17% from the previous month.
684
In value terms, machinery and apparatus for soldering, brazing, welding imports amounted to $X in 2016. Overall, machinery and apparatus for soldering, brazing, welding imports continue to indicate...
577
In value terms, machinery and apparatus for soldering, brazing, welding exports totaled $X in 2016. In general, machinery and apparatus for soldering, brazing, welding exports continue to indicate ...
1839
From 2008 to 2015, the U.S. welding and soldering equipment market showed rising, but generally mixed dynamics. A significant drop in 2009 was followed by growth over the next four years, until the market decreased again. I
1403
The U.S. takes third place in global welding and soldering equipment exports (with a X% share, based on USD), following China and Germany (X% each). In 2015, the U.S. exported X million USD, X% below the previous yea
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Machine Tool imports reached a significant value of $735M in June 2023.
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Machine Tool imports totaled $784M in March 2023
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In 2016, the machine tool market increased by X% to X million USD, fluctuating considerably over the period under review.
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During the review period, Scale And Balance imports reached a peak in 2023 and are projected to continue growing. In terms of value, imports slightly decreased to $942M in 2023.
