U.S.: Scale And Balance Market 2024

Scale And Balance Market Size in the U.S.

In 2022, after six years of growth, there was decline in the U.S. scale and balance market, when its value decreased by X% to $X. In general, consumption, however, saw a significant increase. Over the period under review, the market attained the maximum level at $X in 2021, and then dropped modestly in the following year.

Scale And Balance Production in the U.S.

In value terms, scale and balance production declined to $X in 2022. The total output value increased at an average annual rate of X% over the period from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Scale And Balance Exports

Exports from the U.S.

In 2022, the amount of scales and balances exported from the United States totaled X tons, approximately equating 2021. Over the period under review, exports saw a remarkable increase. The growth pace was the most rapid in 2020 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, scale and balance exports rose rapidly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2013 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Canada (X tons), Mexico (X tons) and China (X tons) were the main destinations of scale and balance exports from the United States, with a combined X% share of total exports. Germany, the Netherlands, Australia, South Korea, Chile, the UK, Brazil, Guatemala, Saudi Arabia and Cayman Islands lagged somewhat behind, together accounting for a further X%.

From 2013 to 2022, the biggest increases were recorded for Chile (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for scale and balance exported from the United States were Canada ($X), Mexico ($X) and Germany ($X), with a combined X% share of total exports. China, South Korea, Australia, the Netherlands, the UK, Chile, Brazil, Guatemala, Saudi Arabia and Cayman Islands lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2022, the average scale and balance export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, faced a abrupt decline. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 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 South Korea ($X per ton), while the average price for exports to the Netherlands ($X 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 Cayman Islands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Scale And Balance Imports

Imports into the U.S.

After three years of growth, supplies from abroad of scales and balances decreased by X% to X tons in 2022. In general, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then fell modestly in the following year.

In value terms, scale and balance imports stood at $X in 2022. The total import value increased at an average annual rate of X% over the period from 2013 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of scale and balance to the United States, accounting for a X% share of total imports. It was followed by Germany (X tons), with a X% share of total imports. The third position in this ranking was taken by Mexico (X tons), with a X% share.

From 2013 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Mexico (X% per year).

In value terms, China ($X) constituted the largest supplier of scales and balances to the United States, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average scale and balance import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, faced a sharp shrinkage. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 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 Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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