U.S. manufacturing shipments set to rebound in 2021

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CLEVELAND, August 21, 2021 / PRNewswire / – US manufacturer shipments in nominal terms are expected to grow 3.8% p.a. through 2025 from a depressed 2020 base, according to Manufacturing: United States, a report recently published by Freedonia Focus Reports. Rising prices – especially for chemicals and petroleum products – are expected to contribute to value gains. An expected rise in oil and natural gas prices is expected to increase raw material and fuel costs for plastics, rubber and chemicals suppliers.

Manufacturing shipments in nominal terms are expected to increase 6.0% in 2021 as the economy recovers, partially reversing a 6.7% decline in 2020 due to the COVID-19 pandemic. Efforts to delay community transmission have caused a sharp contraction in economic activity, resulting in significant changes or reductions in most manufacturing sectors. For example, all of the major US automakers halted production in mid-March; none restarted until near the end of April. Closures and consumer incomes and subsequent job losses pushed motor vehicle sales 15% below 2019 levels in 2020 and caused production to fall by 18%. In 2021, the production of motor vehicles is expected to increase by 6.9%, while sales are expected to increase by 5.3%. The difficulty of obtaining enough computer chips in the automotive sector prevents faster gains in production and sales in 2021.

This and other key information is presented in Manufacturing: United States. This report forecasts deliveries of US manufacturers in nominal and real (inflation-adjusted) US dollars through 2021 and 2025. Total nominal shipments are segmented by product in terms of:

  • transport equipment
  • metal and mineral products
  • electrical and electronic products
  • machinery
  • other durable goods, such as wood products, medical equipment and supplies, and furniture and fixtures
  • food and drinks
  • chemicals and related products
  • petroleum and coal products
  • plastic and rubber products
  • other non-durable goods such as pharmaceutical and related products, paper products, textiles and clothing, and tobacco

To illustrate historical trends, total nominal and actual shipments, various segments, trade and the general dollar index are provided in annual series from 2010 to 2020.

This report includes both the end products and the intermediate parts of those end products. Thus, the total and segment values ​​are subject to varying degrees of double counting. Re-exports of manufactured products are excluded from demand and trade figures.

More information on the report is available at:

https://www.freedoniafocusreports.com/Manufacturing-United-States-FF70032/?progid=91541

About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new and updated Freedonia Focus reports providing fresh and unbiased analysis across a wide variety of markets and industries. Published in 20 to 30 pages, the Focus report covers raw materials, finished manufactured goods and related services such as freight and construction. Additional Industrial reports can be purchased at Freedonia Focus Reports Where MarketResearch.com.

The analysis aims to guide the busy reader through relevant topics in rapid succession, including:

  • total historical market size and industrial production
  • segmentation by products and markets
  • identification of market drivers, constraints and key indicators
  • segment by segment outlook in the five-year forecast
  • a supply base survey
  • suggested resources for further study

Press contact:
Corinne Gangloff
+1 440.842.2400
[email protected]

SOURCE The Freedonia Group


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