Northern America: Agricultural Appliance Market 2023

Agricultural Appliance Exports

Exports in Northern America

In 2021, the amount of agricultural appliances exported in Northern America surged to X units, growing by 34% against the previous year's figure. Overall, exports, however, showed a abrupt descent. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, agricultural appliance exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt downturn. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States prevails in exports structure, resulting at X units, which was approx. 97% of total exports in 2021. Canada (X units) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the agricultural appliances exports, with a CAGR of -7.4% from 2012 to 2021. Canada (-25.8%) illustrated a downward trend over the same period. While the share of the United States (+14 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Canada (-14.5 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest agricultural appliance supplier in Northern America, comprising 98% of total exports. The second position in the ranking was held by Canada ($X), with a 2.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at -5.1%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per unit, dropping by -6.1% against the previous year. Export price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the export price increased by 36% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2020, and then declined in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per unit), while Canada stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+26.9%).

Agricultural Appliance Imports

Imports in Northern America

In 2021, supplies from abroad of agricultural appliances increased by 40% to X units, rising for the second consecutive year after three years of decline. Total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +65.5% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, agricultural appliance imports skyrocketed to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The United States dominates imports structure, reaching X units, which was approx. 91% of total imports in 2021. It was distantly followed by Canada (X units), making up a 9.1% share of total imports.

The United States was also the fastest-growing in terms of the agricultural appliances imports, with a CAGR of +7.6% from 2012 to 2021. Canada (-10.9%) illustrated a downward trend over the same period. The United States (+27 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -26.5% from 2012 to 2021, respectively.

In value terms, the largest agricultural appliance importing markets in Northern America were the United States ($X) and Canada ($X).

The United States, with a CAGR of +2.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, falling by -4% against the previous year. In general, the import price recorded a pronounced decline. The most prominent rate of growth was recorded in 2018 an increase of 22%. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+8.9%).

Source: IndexBox Platform

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