Northern America: Concrete Mixer Market 2024

Concrete Mixer Market Size in Northern America

In 2021, after three years of growth, there was significant decline in the North American concrete mixer market, when its value decreased by -6.9% to $X. The total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +53.1% against 2017 indices. Over the period under review, the market reached the peak level at $X in 2020, and then declined in the following year.

Concrete Mixer Production in Northern America

In value terms, concrete mixer production fell to $X in 2021 estimated in export price. The total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +56.4% against 2017 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by 40%. Over the period under review, production attained the maximum level at $X in 2020, and then declined in the following year.

Concrete Mixer Exports

Exports in Northern America

After two years of decline, shipments abroad of concrete or mortar mixers increased by 64% to X units in 2021. Overall, exports showed modest growth. The growth pace was the most rapid in 2014 with an increase of 118% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, concrete mixer exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt descent. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Canada prevails in exports structure, reaching X units, which was approx. 98% of total exports in 2021. The United States (X units) took a relatively small share of total exports.

Canada was also the fastest-growing in terms of the concrete or mortar mixers exports, with a CAGR of +2.1% from 2012 to 2021. The United States (-12.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Canada increased by +6.1 percentage points.

In value terms, Canada ($X) and the United States ($X) appeared to be the countries with the highest levels of exports in 2021.

Canada, with a CAGR of +5.0%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2021, leveling off at the previous year. In general, the export price, however, saw a deep slump. The pace of growth was the most pronounced in 2015 when the export price increased by 199% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices 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 (+2.8%).

Concrete Mixer Imports

Imports in Northern America

Concrete mixer imports expanded sharply to X units in 2021, picking up by 11% compared with the year before. Total imports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.5% 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 +10.2% against 2014 indices. The pace of growth appeared the most rapid in 2014 with an increase of 65% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, concrete mixer imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States represented the main importer of concrete or mortar mixers in Northern America, with the volume of imports accounting for X units, which was near 87% of total imports in 2021. It was distantly followed by Canada (X units), creating a 13% share of total imports.

The United States was also the fastest-growing in terms of the concrete or mortar mixers imports, with a CAGR of +4.5% from 2012 to 2021. At the same time, Canada (+4.1%) displayed positive paces of growth. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported concrete or mortar mixers in Northern America, comprising 83% of total imports. The second position in the ranking was taken by Canada ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States totaled +3.9%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per unit, rising by 20% against the previous year. In general, the import price, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2015 an increase of 50%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per unit), while the United States amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.6%).

Source: IndexBox Platform

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