Northern America: Electronic Metal Tester Market 2024

Electronic Metal Tester Market Size in Northern America

The North American electronic metal tester market was estimated at $X.4B in 2022, surging by X% against the previous year. In general, consumption saw significant growth. The level of consumption peaked at $X.7B in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Electronic Metal Tester Production in Northern America

In value terms, electronic metal tester production expanded to $X.6B in 2022 estimated in export price. Over the period under review, production recorded a significant increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X.5B in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Electronic Metal Tester Exports

Exports in Northern America

In 2022, the amount of electronic machines and appliances for testing metals exported in Northern America reduced to X units, shrinking by X% compared with the year before. In general, exports showed a noticeable setback. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, electronic metal tester exports contracted to $X in 2022. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The United States dominates exports structure, finishing at X units, which was near X% of total exports in 2022. It was distantly followed by Canada (X units), achieving a X% share of total exports.

Exports from the United States decreased at an average annual rate of X% from 2012 to 2022. Canada experienced a relatively flat trend pattern. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest electronic metal tester supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States was relatively modest.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. Over the period under review, the export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the United States amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Electronic Metal Tester Imports

Imports in Northern America

In 2022, the amount of electronic machines and appliances for testing metals imported in Northern America skyrocketed to X units, jumping by X% compared with the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, electronic metal tester imports expanded remarkably to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States was the key importing country with an import of about X units, which accounted for X% of total imports. Canada (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Bermuda (X%).

Imports into the United States increased at an average annual rate of X% from 2012 to 2022. At the same time, Bermuda (X%) displayed positive paces of growth. Moreover, Bermuda emerged as the fastest-growing importer imported in Northern America, with a CAGR of X% from 2012-2022. By contrast, Canada (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Bermuda increased by X percentage points.

In value terms, the United States ($X) constitutes the largest market for imported electronic machines and appliances for testing metals in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to X%. In the other countries, the average annual rates were as follows: Canada (X% per year) and Bermuda (X% per year).

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, dropping by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, import prices attained the maximum at $X per unit in 2021, and then declined in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while Bermuda ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bermuda (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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