Northern America: Petroleum-Engine Cargo Trucks Market 2024

Petroleum-Engine Cargo Trucks Market Size in Northern America

The North American petroleum-engine cargo trucks market expanded to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Petroleum-Engine Cargo Trucks Production in Northern America

In value terms, petroleum-engine cargo trucks production totaled $X in 2022 estimated in export price. In general, production recorded a sharp decline. The pace of growth was the most pronounced in 2013 when the production volume decreased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Petroleum-Engine Cargo Trucks Exports

Exports in Northern America

In 2022, approx. X units of goods vehicles, with spark-ignition internal combustion piston engine were exported in Northern America; surging by X% on the previous year's figure. Total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, petroleum-engine cargo trucks exports skyrocketed to $X in 2022. Total exports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, the United States (X units) represented the key exporter of goods vehicles, with spark-ignition internal combustion piston engine, making up X% of total exports. It was distantly followed by Canada (X units), achieving a X% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of goods vehicles, with spark-ignition internal combustion piston engine. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Canada increased by X percentage points.

In value terms, the United States ($X) remains the largest petroleum-engine cargo trucks supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to X%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per unit, declining by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2021, and then dropped in the following year.

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

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

Petroleum-Engine Cargo Trucks Imports

Imports in Northern America

Petroleum-engine cargo trucks imports was estimated at X units in 2022, increasing by X% on 2021 figures. 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 growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, petroleum-engine cargo trucks imports expanded notably to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, the United States (X units) was the major importer of goods vehicles, with spark-ignition internal combustion piston engine, comprising X% of total imports. It was distantly followed by Canada (X units), comprising a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%).

In value terms, the largest petroleum-engine cargo trucks importing markets in Northern America were the United States ($X) and Canada ($X).

The United States, with a CAGR of X%, recorded the highest growth rate of 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 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the United States stood at $X per unit.

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

Source: IndexBox Platform

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