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