Updated Jan 12, 2023 03:22

Market for Ceramic Wares For Laboratory Or Technical Uses in the United States

Market Overview
The U.S. market for ceramic wares for laboratory or technical uses skyrocketed to $ in , rising by % 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, the total consumption indicated a notable increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2015 indices. Consumption of peaked in and is expected to retain growth in the immediate term.

In value terms, production of ceramic wares for laboratory or technical uses soared to $ in . Over the period under review, production, however, continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by %. Production of peaked at $ in 2008; however, from 2009 to , production stood at a somewhat lower figure.


Consumption
In , approx. tons of ceramic wares for laboratory or technical uses were consumed in the United States; picking up by % against the year before. In general, consumption recorded a relatively flat trend pattern. Consumption of peaked at tons in ; however, from to , consumption stood at a somewhat lower figure.

The revenue of the market for ceramic wares for laboratory or technical uses in the United States skyrocketed to $ in , with an increase of % 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, the total consumption indicated a measured increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2015 indices. Consumption of peaked in and is likely to continue growth in the near future.


Market Forecast
The market for ceramic wares for laboratory or technical uses is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Driven by a growing demand, the share of imports in total supply in the United States increased significantly over the last fifteen-year period (from % to %). Total import supply of ceramic wares for laboratory or technical uses is expected to rise, though it will be moderately impacted by price increases. Ceramic wares for laboratory or technical uses market in the United States consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, the United States relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.


Trade Balance
The United States remains a net importer of ceramic wares for laboratory or technical uses; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a trade deficit of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.