US Manufacturers' Shipments to Reach $6.1 Trillion in 2021

Advances in value terms will be largely driven by inflation as crude oil prices increase

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Jul 19, 2017, 09:10 ET

CLEVELAND, July 19, 2017 /PRNewswire/ -- US manufacturers' shipments are forecast to reach $6.1 trillion in 2021, according to Manufacturing: United States, a report recently released by Freedonia Focus Reports. Producers will benefit from rising demand for durable and nondurable goods in the US and key export markets such as Canada, Mexico, and China. In addition, rising prices – concentrated in the petroleum, coal, and chemical product segments – will largely drive value gains. Crude oil prices, which fell during the 2013-2016 period, are expected to recover through 2021.

The US continues to maintain a trade deficit in manufactured goods. In 2016, US net imports of manufactured goods stood at $639 billion. After falling during the 2007-2009 US recession, net imports grew to 2016. The pace of growth surged in 2014 and 2015, and continued to rise in 2016, due to an increase the value of the US dollar against many currencies, which rendered foreign products cheaper for US consumers and increased the price of US exports for foreign markets.

These and other key insights are featured in Manufacturing: United States. This report forecasts US manufacturers' shipments in nominal and real (inflation-adjusted) US dollars to 2021. Total nominal shipments are segmented by product in terms of:

transport equipment
metal and nonmetallic mineral products
electrical and electronic products
machinery
other durable goods such as wood products, medical equipment and supplies, and furniture and fixtures
food and beverages
chemical and allied products
petroleum and coal products
plastic and rubber products
other nondurable goods such as pharmaceutical and related products and paper products

This report includes both final products and interim components of those final products. Thus, total and segment values are subject to various degrees of double-counting. Re-exports of manufactured goods are excluded from trade figures.

To illustrate historical trends, total nominal and real shipments, the various segments, and trade are provided in annual series from 2006 to 2016.

More information about the report is available at
https://www.freedoniafocusreports.com/Manufacturing-United-States-FF70032/

About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Industrials reports can be purchased at Freedonia Focus Reports or MarketResearch.com.

Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including: