U.S.: Market for Mathematical instruments and equipment; n.e.s. in heading no. 9017 2024

Market Size for Mathematical instruments and equipment; n.e.s. in heading no. 9017 in the U.S.

The U.S. market for mathematical instruments and equipment; n.e.s. in heading no. Xs shrank to $X in 2023, waning by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a noticeable expansion. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Exports of Mathematical instruments and equipment; n.e.s. in heading no. 9017

Exports from the U.S.

In 2023, approx. X units of mathematical instruments and equipment; n.e.s. in heading no. Xs were exported from the United States; with an increase of X% compared with 2022. In general, exports posted prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at X units in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, exports of mathematical instruments and equipment; n.e.s. in heading no. Xs expanded to $X in 2023. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X units), Canada (X units) and Mexico (X units) were the main destinations of exports of mathematical instruments and equipment; n.e.s. in heading no. Xs from the United States, with a combined X% share of total exports. Guatemala, the Dominican Republic, Australia, El Salvador, Chile, Honduras, Germany, Panama, China and Costa Rica lagged somewhat behind, together comprising a further X%.

From 2019 to 2023, the biggest increases were recorded for Guatemala (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for mathematical instruments and equipment; n.e.s. in heading no. Xs exports from the United States, comprising X% of total exports. The second position in the ranking was held by Ireland ($X), with a X% share of total exports. It was followed by Mexico, with a X% share.

From 2019 to 2023, the average annual growth rate of value to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (X% per year) and Mexico (X% per year).

Export Prices by Country

The average export price for mathematical instruments and equipment; n.e.s. in heading no. Xs stood at $X per unit in 2023, declining by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit, and then shrank in the following year.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Honduras ($X per unit) was amongst the lowest.

From 2019 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mathematical instruments and equipment; n.e.s. in heading no. 9017

Imports into the U.S.

Imports of mathematical instruments and equipment; n.e.s. in heading no. Xs into the United States skyrocketed to X units in 2023, growing by X% against the previous year's figure. In general, imports, however, showed a mild descent. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2022 to 2023, the growth of imports of remained at a lower figure.

In value terms, imports of mathematical instruments and equipment; n.e.s. in heading no. Xs fell to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports of failed to regain momentum.

Imports by Country

In 2023, Vietnam (X units) constituted the largest supplier of mathematical instruments and equipment; n.e.s. in heading no. X to the United States, with a X% share of total imports. Moreover, imports of mathematical instruments and equipment; n.e.s. in heading no. Xs from Vietnam exceeded the figures recorded by the second-largest supplier, South Korea (X units), fourfold. China (X units) ranked third in terms of total imports with a X% share.

From 2019 to 2023, the average annual rate of growth in terms of volume from Vietnam amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and China (X% per year).

In value terms, the largest mathematical instruments and equipment; n.e.s. in heading no. X suppliers to the United States were China ($X), Thailand ($X) and Vietnam ($X), together comprising X% of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of X%, recorded 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 import price for mathematical instruments and equipment; n.e.s. in heading no. Xs stood at $X per unit in 2023, falling by X% against the previous year. Over the period under review, the import price, however, recorded notable growth. The growth pace was the most rapid in 2022 an increase of X%. As a result, import price attained the peak level of $X per unit, and then shrank markedly 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 Thailand ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2019 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform