Price of Metal Household Furniture in the U.S. Drops by 3% to $3,548 per Ton

August 18th, 2023 IndexBox Leave a comment

U.S. Metal Household Furniture Import Price in June 2023

In June 2023, the metal household furniture price stood at $3,548 per ton (CIF, US), falling by -3.2% against the previous month. Over the period under review, the import price showed a slight slump. The growth pace was the most rapid in January 2023 an increase of 10% m-o-m. The import price peaked at $4,286 per ton in February 2023; however, from March 2023 to June 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($8,323 per ton), while the price for China ($2,520 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by India (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.

U.S. Metal Household Furniture Imports

In June 2023, approximately 95K tons of metal household furniture were imported into the United States; reducing by -3.6% on the month before. Overall, imports showed a pronounced decrease. The growth pace was the most rapid in November 2022 with an increase of 14% m-o-m.

In value terms, metal household furniture imports dropped to $336M (IndexBox estimates) in June 2023. In general, imports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in November 2022 when imports increased by 13% month-to-month.

U.S. Metal Household Furniture Imports by Country

In June 2023, China (64K tons) constituted the largest supplier of metal household furniture to the United States, with a 68% share of total imports. Moreover, metal household furniture imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (11K tons), sixfold. Taiwan (Chinese) (9.8K tons) ranked third in terms of total imports with a 10% share.

From June 2022 to June 2023, the average monthly rate of growth in terms of volume from China totaled -3.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: Vietnam (-0.7% per month) and Taiwan (Chinese) (+7.4% per month).

In value terms, China ($161M) constituted the largest supplier of metal household furniture to the United States, comprising 48% of total imports. The second position in the ranking was held by Vietnam ($60M), with an 18% share of total imports. It was followed by Taiwan (Chinese), with a 9.2% share.

From June 2022 to June 2023, the average monthly growth rate of value from China amounted to -5.2%. The remaining supplying countries recorded the following average monthly rates of imports growth: Vietnam (-2.1% per month) and Taiwan (Chinese) (+5.9% per month).

Source: IndexBox Market Intelligence Platform

Global Trade Daily, United states news

Imported Motors and Generators in United States Decline by 3% to $1.6B in June 2023

August 17th, 2023 IndexBox Leave a comment

U.S. Motor And Generator Imports

In June 2023, after three months of growth, there was significant decline in overseas purchases of motors and generators, when their volume decreased by -10.4% to 70M units. In general, imports continue to indicate a pronounced decrease. The pace of growth was the most pronounced in October 2022 with an increase of 9.5% month-to-month. Over the period under review, imports reached the peak figure at 91M units in June 2022; however, from July 2022 to June 2023, imports remained at a lower figure.

In value terms, motor and generator imports contracted slightly to $1.6B (IndexBox estimates) in June 2023. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in March 2023 with an increase of 11% against the previous month. Over the period under review, imports reached the maximum at 1.6B units in May 2023, and then shrank in the following month.

Imports by Country

Mexico (18M units), China (14M units) and Japan (5.3M units) were the main suppliers of motor and generator imports to the United States, together accounting for 53% of total imports. These countries were followed by Switzerland, Vietnam and Canada, which together accounted for a further 16%.

From June 2022 to June 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +1.1%), while imports for the other leaders experienced a decline.

In value terms, Mexico ($473M) constituted the largest supplier of motor and generator to the United States, comprising 30% of total imports. The second position in the ranking was held by China ($230M), with a 15% share of total imports. It was followed by Japan, with a 9.2% share.

From June 2022 to June 2023, the average monthly growth rate of value from Mexico was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: China (-2.4% per month) and Japan (+1.9% per month).

Import Prices by Country

In June 2023, the motor and generator price amounted to $22.3 per unit (CIF, US), rising by 8.5% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.2%. The most prominent rate of growth was recorded in September 2022 an increase of 16% month-to-month. Over the period under review, average import prices reached the peak figure in June 2023.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($67.4 per unit), while the price for Switzerland ($6.2 per unit) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by South Korea (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Global Trade Daily, United states news

Export of Railway Goods Wagons in the United States Sees a Modest Rise to $54M in June 2023

August 16th, 2023 IndexBox Leave a comment

U.S. Railway Goods Wagon Exports

After two months of growth, overseas shipments of railway or tramway goods vans and wagons (not self-propelled) decreased by -9.6% to 652 units in June 2023. Overall, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in August 2022 with an increase of 103% month-to-month. The exports peaked at 1.7K units in June 2022; however, from July 2022 to June 2023, the exports failed to regain momentum.

In value terms, railway goods wagon exports surged to $54M (IndexBox estimates) in June 2023. Over the period under review, exports recorded a abrupt setback. The pace of growth was the most pronounced in August 2022 when exports increased by 108% against the previous month. Over the period under review, the exports attained the peak figure at 150M units in June 2022; however, from July 2022 to June 2023, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (539 units) was the main destination for railway goods wagon exports from the United States, with a 83% share of total exports. Moreover, railway goods wagon exports to Mexico exceeded the volume sent to the second major destination, Canada (113 units), fivefold.

From June 2022 to June 2023, the average monthly rate of growth in terms of volume to Mexico stood at +3.4%.

In value terms, Mexico ($42M) remains the key foreign market for railway goods wagon exports from the United States, comprising 78% of total exports. The second position in the ranking was taken by Canada ($12M), with a 22% share of total exports.

From June 2022 to June 2023, the average monthly rate of growth in terms of value to Mexico amounted to +6.8%.

Export Prices by Country

In June 2023, the railway goods wagon price stood at $82,656 per unit (FOB, US), surging by 29% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2022 when the average export price increased by 56% against the previous month. The export price peaked at $94,924 per unit in October 2022; however, from November 2022 to June 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In June 2023, the country with the highest price was Canada ($105K per unit), while the average price for exports to Mexico stood at $78,031 per unit.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+3.3%).

Source: IndexBox Market Intelligence Platform

Global Trade Daily, United states news

Export of Liquid Milk in the U.S. Sees Modest Decline, Reaching $35M in June 2023

August 15th, 2023 IndexBox Leave a comment

U.S. Fluid Milk Exports

In June 2023, fluid milk exports from the United States amounted to 11K tons, remaining relatively unchanged against the month before. Over the period under review, exports, however, continue to indicate a perceptible decline. The pace of growth was the most pronounced in March 2023 with an increase of 40% m-o-m.

In value terms, fluid milk exports dropped to $35M (IndexBox estimates) in June 2023. In general, exports, however, saw a mild slump. The growth pace was the most rapid in March 2023 with an increase of 33% against the previous month. As a result, the exports reached the peak of $45M. From April 2023 to June 2023, the growth of the exports failed to regain momentum.

Exports by Country

Canada (3.6K tons), Mexico (2.1K tons) and Taiwan (Chinese) (1.4K tons) were the main destinations of fluid milk exports from the United States, together comprising 66% of total exports. These countries were followed by the Dominican Republic, the Philippines and South Korea, which together accounted for a further 16%.

From June 2022 to June 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +2.6%), while the other leaders experienced mixed trend patterns.

In value terms, Canada ($15M) remains the key foreign market for fluid milk exports from the United States, comprising 42% of total exports. The second position in the ranking was taken by Mexico ($6.2M), with an 18% share of total exports. It was followed by Taiwan (Chinese), with an 8.7% share.

From June 2022 to June 2023, the average monthly rate of growth in terms of value to Canada stood at -1.8%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Mexico (+0.1% per month) and Taiwan (Chinese) (-5.8% per month).

Export Prices by Country

In June 2023, the fluid milk price stood at $3,260 per ton (FOB, US), which is down by -6.9% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 when the average export price increased by 10% against the previous month. Over the period under review, the average export prices hit record highs at $3,541 per ton in February 2023; however, from March 2023 to June 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($4,640 per ton), while the average price for exports to the Dominican Republic ($856 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Global Trade Daily, United states news

United States Experiences Surging $208K Export of Patent Leather in June 2023

August 11th, 2023 IndexBox Leave a comment

U.S. Patent Leather Exports

In June 2023, overseas shipments of patent leather, patent laminated leather and metallized leather decreased by -6.8% to 11K square meters, falling for the third month in a row after four months of growth. Over the period under review, exports saw a pronounced curtailment. The pace of growth was the most pronounced in March 2023 with an increase of 453% against the previous month. As a result, the exports attained the peak of 190K square meters. From April 2023 to June 2023, the growth of the exports remained at a lower figure.

In value terms, patent leather exports skyrocketed to $208K (IndexBox estimates) in June 2023. Overall, exports showed a pronounced setback. The most prominent rate of growth was recorded in February 2023 with an increase of 98% month-to-month. Over the period under review, the exports reached the peak figure at 1.1M square meters in April 2023; however, from May 2023 to June 2023, the exports failed to regain momentum.

Exports by Country

Mexico (9.4K square meters) was the main destination for patent leather exports from the United States, with a 83% share of total exports. Moreover, patent leather exports to Mexico exceeded the volume sent to the second major destination, Italy (2K square meters), fivefold.

From June 2022 to June 2023, the average monthly rate of growth in terms of volume to Mexico totaled -2.4%.

In value terms, Mexico ($159K) remains the key foreign market for patent leather exports from the United States, comprising 76% of total exports. The second position in the ranking was held by Italy ($50K), with a 24% share of total exports.

From June 2022 to June 2023, the average monthly rate of growth in terms of value to Mexico stood at -2.1%.

Export Prices by Country

In June 2023, the patent leather price stood at $18.3 per square meter (FOB, US), with an increase of 36% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average export price increased by 242% m-o-m. The export price peaked at $21.3 per square meter in October 2022; however, from November 2022 to June 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Italy ($25.4 per square meter), while the average price for exports to Mexico amounted to $16.8 per square meter.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+4.3%).

Source: IndexBox Market Intelligence Platform

Global Trade Daily, United states news

Price of U.S. Mandarin and Clementine Plummets to $1,400 per Ton

August 10th, 2023 IndexBox Leave a comment

U.S. Mandarin and Clementine Import Price in June 2023

In June 2023, the mandarin and clementine price stood at $1,400 per ton (CIF, US), with a decrease of -8.4% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 9.1% against the previous month. Over the period under review, average import prices attained the peak figure at $1,669 per ton in April 2023; however, from May 2023 to June 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In June 2023, the highest price was recorded for prices from Chile ($1,462 per ton) and Peru ($1,392 per ton), while the price for South Africa ($1,284 per ton) and Uruguay ($1,309 per ton) were amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Peru (+0.0%), while the prices for the other major suppliers experienced a decline.

U.S. Mandarin and Clementine Imports

In June 2023, supplies from abroad of tangerines, mandarins, clementines, satsumas increased by 284% to 61K tons, rising for the second month in a row after two months of decline. Overall, imports enjoyed measured growth.

In value terms, mandarin and clementine imports skyrocketed to $85M (IndexBox estimates) in June 2023. Over the period under review, imports enjoyed a modest expansion.

U.S. Mandarin and Clementine Imports by Country

In June 2023, Chile (29K tons) constituted the largest supplier of mandarin and clementine to the United States, accounting for a 48% share of total imports. Moreover, mandarin and clementine imports from Chile exceeded the figures recorded by the second-largest supplier, Peru (12K tons), twofold. Uruguay (10K tons) ranked third in terms of total imports with a 16% share.

From June 2022 to June 2023, the average monthly growth rate of volume from Chile amounted to +5.8%. The remaining supplying countries recorded the following average monthly rates of imports growth: Peru (-2.4% per month) and Uruguay (+0.1% per month).

In value terms, Chile ($43M) constituted the largest supplier of mandarin and clementine to the United States, comprising 50% of total imports. The second position in the ranking was held by Peru ($17M), with a 20% share of total imports. It was followed by Uruguay, with a 15% share.

From June 2022 to June 2023, the average monthly rate of growth in terms of value from Chile totaled +5.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: Peru (-2.4% per month) and Uruguay (-0.7% per month).

Source: IndexBox Market Intelligence Platform

Global Trade Daily

May 2023 Sees a Modest Increase in Frozen Whole Chicken Exports From the United States, Reaching $2.1M

August 9th, 2023 IndexBox Leave a comment

U.S. Frozen Whole Chicken Exports

Frozen whole chicken exports from the United States rose notably to 1.3K tons in May 2023, picking up by 6.3% against April 2023 figures. In general, exports, however, saw a perceptible setback. The most prominent rate of growth was recorded in March 2023 with an increase of 58% month-to-month.

In value terms, frozen whole chicken exports rose remarkably to $2.1M (IndexBox estimates) in May 2023. Overall, exports, however, recorded a perceptible descent. The pace of growth appeared the most rapid in August 2022 when exports increased by 64% against the previous month. As a result, the exports attained the peak of $3.3M. From September 2022 to May 2023, the growth of the exports failed to regain momentum.

Exports by Country

Cuba (608 tons) was the main destination for frozen whole chicken exports from the United States, accounting for a 48% share of total exports. Moreover, frozen whole chicken exports to Cuba exceeded the volume sent to the second major destination, Canada (207 tons), threefold. Taiwan (Chinese) (77 tons) ranked third in terms of total exports with a 6.1% share.

From May 2022 to May 2023, the average monthly growth rate of volume to Cuba totaled +31.6%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Canada (+22.7% per month) and Taiwan (Chinese) (+0.9% per month).

In value terms, the largest markets for frozen whole chicken exported from the United States were Cuba ($633K), Canada ($451K) and Nicaragua ($161K), with a combined 59% share of total exports.

Nicaragua, with a CAGR of +120.0%, saw the highest rates of growth with regard to 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 May 2023, the frozen whole chicken price stood at $1,684 per ton (FOB, US), approximately equating the previous month. Over the period under review, the export price, however, continues to indicate a modest increase. The most prominent rate of growth was recorded in June 2022 an increase of 16% m-o-m. The export price peaked at $2,249 per ton in December 2022; however, from January 2023 to May 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Bahamas ($3,386 per ton), while the average price for exports to Cuba ($1,041 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Global Trade Daily, United states news

Import of Mechanical Power Transmission Equipment in May 2023 Increases to $262M in the United States

August 8th, 2023 IndexBox Leave a comment

U.S. Mechanical Power Transmission Equipment Imports

After two months of growth, purchases abroad of mechanical power transmission equipment decreased by -6.3% to 21K tons in May 2023. Overall, imports continue to indicate a slight reduction. The pace of growth appeared the most rapid in July 2022 when imports increased by 23% against the previous month. As a result, imports attained the peak of 34K tons. From August 2022 to May 2023, the growth of imports remained at a somewhat lower figure.

In value terms, mechanical power transmission equipment imports expanded markedly to $262M (IndexBox estimates) in May 2023. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 when imports increased by 14% month-to-month. As a result, imports attained the peak of $277M. From August 2022 to May 2023, the growth of imports failed to regain momentum.

Imports by Country

In May 2023, China (5.8K tons) constituted the largest supplier of mechanical power transmission equipment to the United States, accounting for a 28% share of total imports. Moreover, mechanical power transmission equipment imports from China exceeded the figures recorded by the second-largest supplier, India (2.2K tons), threefold. South Korea (1.9K tons) ranked third in terms of total imports with a 9.3% share.

From May 2022 to May 2023, the average monthly growth rate of volume from China totaled -3.2%. The remaining supplying countries recorded the following average monthly rates of imports growth: India (-0.3% per month) and South Korea (-1.0% per month).

In value terms, the largest mechanical power transmission equipment suppliers to the United States were China ($37M), Germany ($36M) and Japan ($31M), with a combined 40% share of total imports. Mexico, Canada, India and South Korea lagged somewhat behind, together comprising a further 32%.

Among the main suppliers, Mexico, with a CAGR of +3.5%, recorded the highest growth rate of 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

In May 2023, the mechanical power transmission equipment price amounted to $12,709 per ton (CIF, US), with an increase of 16% against the previous month. Over the period under review, import price indicated a modest expansion from May 2022 to May 2023: its price increased at an average monthly rate of +1.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, mechanical power transmission equipment import price decreased by -6.0% against January 2023 indices. The pace of growth was the most pronounced in January 2023 an increase of 24% against the previous month. As a result, import price reached the peak level of $13,523 per ton. From February 2023 to May 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was Germany ($22,906 per ton), while the price for South Korea ($5,283 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Global Trade Daily

Price of United States Vacuum Cleaner Motor Drops to $39.7 per Unit

August 7th, 2023 IndexBox Leave a comment

U.S. Vacuum Cleaner Import Price in May 2023

In May 2023, the vacuum cleaner price amounted to $39.7 per unit (CIF, US), with a decrease of -5.9% against the previous month. Over the period under review, the import price continues to indicate a slight setback. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 8.1% against the previous month. Over the period under review, average import prices reached the peak figure at $59.7 per unit in November 2022; however, from December 2022 to May 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($69.8 per unit), while the price for China ($28.8 per unit) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Mexico (+1.1%), while the prices for the other major suppliers experienced a decline.

U.S. Vacuum Cleaner Import Prices by Type

Average prices varied somewhat amongst the major supplied products. In May 2023, the product with the highest price was vacuum cleaners, with self-contained electric motor, n.e.c. in item no. 8508.1 ($52.1 per unit), while the price for vacuum cleaners, with self-contained electric motor, of a power not exceeding 1,500 w and having a dust bag or other receptacle capacity not exceeding 20L amounted to $38.6 per unit.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by vacuum cleaners, with self-contained electric motor, n.e.c. in item no. 8508.1 (+0.0%).

U.S. Vacuum Cleaner Imports

In May 2023, supplies from abroad of vacuum cleaners with motor increased by 16% to 5.5M units, rising for the third month in a row after four months of decline. In general, imports, however, showed a relatively flat trend pattern. Imports peaked at 5.8M units in May 2022; however, from June 2022 to May 2023, imports failed to regain momentum.

In value terms, vacuum cleaner with motor imports rose remarkably to $220M (IndexBox estimates) in May 2023. Overall, imports, however, showed a noticeable decline. The pace of growth was the most pronounced in March 2023 when imports increased by 19% against the previous month. Imports peaked at 330M units in August 2022; however, from September 2022 to May 2023, imports remained at a lower figure.

U.S. Vacuum Cleaner Imports by Type

In May 2023, vacuum cleaners, with self-contained electric motor, of a power not exceeding 1,500 w and having a dust bag or other receptacle capacity not exceeding 20L (5.1M units) was the main type of vacuum cleaner with motor supplied to the United States, accounting for a 92% share of total imports. Moreover, vacuum cleaners, with self-contained electric motor, of a power not exceeding 1,500 w and having a dust bag or other receptacle capacity not exceeding 20L exceeded the figures recorded for the second-largest type, vacuum cleaners, with self-contained electric motor, n.e.c. in item no. 8508.1 (461K units), more than tenfold.

From May 2022 to May 2023, the average monthly growth rate of the volume of import of vacuum cleaners, with self-contained electric motor, of a power not exceeding 1,500 w and having a dust bag or other receptacle capacity not exceeding 20L was relatively modest.

In value terms, vacuum cleaners, with self-contained electric motor, of a power not exceeding 1,500 w and having a dust bag or other receptacle capacity not exceeding 20L ($196M) constituted the largest type of vacuum cleaner with motor supplied to the United States, comprising 89% of total imports. The second position in the ranking was held by vacuum cleaners, with self-contained electric motor, n.e.c. in item no. 8508.1 ($24M), with an 11% share of total imports.

U.S. Vacuum Cleaner Imports by Country

China (2.5M units), Vietnam (1.8M units) and Mexico (467K units) were the main suppliers of vacuum cleaner with motor imports to the United States, together accounting for 87% of total imports.

From May 2022 to May 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +1.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest vacuum cleaner with motor suppliers to the United States were China ($73M), Vietnam ($56M) and Malaysia ($32M), together comprising 73% of total imports. Mexico and Indonesia lagged somewhat behind, together comprising a further 15%.

In terms of the main suppliers, Mexico, with a CAGR of +1.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Global Trade Daily

May 2023 Sees Significant Surge in $18M Imports of Screwdrivers to the U.S.

August 3rd, 2023 IndexBox Leave a comment

U.S. Screwdriver Imports

After three months of growth, supplies from abroad of screwdrivers decreased by -20% to 1.3K tons in May 2023. In general, imports recorded a perceptible decline. The most prominent rate of growth was recorded in October 2022 with an increase of 20% m-o-m. As a result, imports attained the peak of 1.9K tons. From November 2022 to May 2023, the growth of imports remained at a lower figure.

In value terms, screwdriver imports soared to $18M (IndexBox estimates) in May 2023. The total import value increased at an average monthly rate of +1.2% from May 2022 to May 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The most prominent rate of growth was recorded in August 2022 when imports increased by 16% month-to-month. As a result, imports reached the peak of $20M. From September 2022 to May 2023, the growth of imports remained at a lower figure.

Imports by Country

China (625 tons), Taiwan (Chinese) (384 tons) and Vietnam (167 tons) were the main suppliers of screwdriver imports to the United States, together accounting for 93% of total imports.

From May 2022 to May 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +14.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Taiwan (Chinese) ($10M) constituted the largest supplier of screwdriver to the United States, comprising 59% of total imports. The second position in the ranking was taken by China ($3.3M), with a 19% share of total imports. It was followed by Vietnam, with a 5.8% share.

From May 2022 to May 2023, the average monthly growth rate of value from Taiwan (Chinese) amounted to +3.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (-3.3% per month) and Vietnam (+1.3% per month).

Import Prices by Country

In May 2023, the screwdriver price stood at $14,016 per ton (CIF, US), picking up by 45% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +4.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was Taiwan (Chinese) ($27,217 per ton), while the price for China ($5,250 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Price of Metal Household Furniture in the U.S. Drops by 3% to $3,548 per Ton

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