United States's Vacuum Flasks and Vessels Market to Grow at a CAGR of +1.6% from 2024 to 2035, Reaching $2.2B - News and Statistics - IndexBox

Apr 05, 2025

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IndexBox has just published a new report: U.S. - Vacuum Vessels - Market Analysis, Forecast, Size, Trends And Insights.

Driven by increasing demand, the vacuum flasks and vessels market in the United States is expected to experience a steady growth trend over the next decade. Market performance is projected to expand with a CAGR of +1.6% in volume and +1.2% in value from 2024 to 2035, reaching 339M units and $2.2B (in nominal wholesale prices) by the end of 2035.

Driven by increasing demand for vacuum flasks and vessels in the United States, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.6% for the period from 2024 to 2035, which is projected to bring the market volume to 339M units by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +1.2% for the period from 2024 to 2035, which is projected to bring the market value to $2.2B (in nominal wholesale prices) by the end of 2035.

In 2024, approx. 286M units of vacuum flasks and vessels were consumed in the United States; with an increase of 36% against 2023. Overall, consumption continues to indicate a significant expansion. Over the period under review, consumption reached the maximum volume in 2024 and is expected to retain growth in the near future.

The value of the vacuum flask and vessel market in the United States skyrocketed to $2B in 2024, with an increase of 36% 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). In general, consumption recorded a significant expansion. Vacuum flask and vessel consumption peaked in 2024 and is likely to see steady growth in the near future.

In 2024, the amount of vacuum flasks and vessels imported into the United States skyrocketed to 301M units, with an increase of 31% against the previous year's figure. Over the period under review, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 117%. Imports peaked in 2024 and are likely to see steady growth in the immediate term.

In value terms, vacuum flask and vessel imports skyrocketed to $1.7B in 2024. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 92% against the previous year. Over the period under review, imports attained the peak figure in 2024 and are expected to retain growth in years to come.

In 2024, China (292M units) was the main supplier of vacuum flask and vessel to the United States, accounting for a 97% share of total imports. It was followed by Thailand (4.9M units), with a 1.6% share of total imports.

From 2013 to 2024, the average annual rate of growth in terms of volume from China stood at +29.1%.

In value terms, China ($1.6B) constituted the largest supplier of vacuum flasks and vessels to the United States, comprising 96% of total imports. The second position in the ranking was held by Thailand ($30M), with a 1.7% share of total imports.

From 2013 to 2024, the average annual rate of growth in terms of value from China stood at +25.3%.

The average vacuum flask and vessel import price stood at $5.7 per unit in 2024, leveling off at the previous year. Overall, the import price, however, showed a perceptible shrinkage. The growth pace was the most rapid in 2014 when the average import price increased by 17%. Over the period under review, average import prices hit record highs at $12 per unit in 2019; however, from 2020 to 2024, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2024, amid the top importers, the country with the highest price was Thailand ($6 per unit), while the price for China totaled $5.6 per unit.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Thailand (-2.4%).

In 2024, shipments abroad of vacuum flasks and vessels decreased by -17.1% to 15M units, falling for the second consecutive year after three years of growth. Overall, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 1,929% against the previous year. Over the period under review, the exports hit record highs at 19M units in 2022; however, from 2023 to 2024, the exports failed to regain momentum.

In value terms, vacuum flask and vessel exports dropped to $148M in 2024. In general, exports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of 116%. The exports peaked at $187M in 2022; however, from 2023 to 2024, the exports remained at a lower figure.

Mexico (5.8M units), Canada (5.3M units) and China (392K units) were the main destinations of vacuum flask and vessel exports from the United States, together accounting for 76% of total exports. Costa Rica, Australia, the UK, Saudi Arabia and Germany lagged somewhat behind, together accounting for a further 10%.

From 2013 to 2024, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Costa Rica (with a CAGR of +38.4%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($54M), Mexico ($44M) and Australia ($4.4M) constituted the largest markets for vacuum flask and vessel exported from the United States worldwide, together accounting for 69% of total exports. China, the UK, Saudi Arabia, Germany and Costa Rica lagged somewhat behind, together comprising a further 9.8%.

Among the main countries of destination, Costa Rica, with a CAGR of +34.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

In 2024, the average vacuum flask and vessel export price amounted to $9.7 per unit, picking up by 7.2% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 910% against the previous year. As a result, the export price reached the peak level of $136 per unit. From 2017 to 2024, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2024, amid the top suppliers, the country with the highest price was Australia ($14 per unit), while the average price for exports to Costa Rica ($6.4 per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for vacuum flask and vessel in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and Its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Exports

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles