Northern America: Lift And Hoist Market 2024

Lift And Hoist Market Size in Northern America

In 2022, the North American lift and hoist market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption enjoyed a resilient expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Lift And Hoist Production in Northern America

In value terms, lift and hoist production declined notably to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Lift And Hoist Exports

Exports in Northern America

For the third consecutive year, Northern America recorded growth in overseas shipments of lifts and hoists, which increased by X% to X units in 2022. In general, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, lift and hoist exports rose rapidly to $X in 2022. Total exports indicated noticeable 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. The pace of growth was the most pronounced in 2017 when exports increased by X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Canada (X units) represented the major exporter of lifts and hoists, constituting X% of total exports. It was distantly followed by the United States (X units), generating a X% share of total exports.

Canada was also the fastest-growing in terms of the lifts and hoists exports, with a CAGR of X% from 2012 to 2022. The United States experienced a relatively flat trend pattern. Canada (X p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest lift and hoist supplying countries in Northern America were the United States ($X) and Canada ($X).

In terms of the main exporting countries, Canada, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, declining by X% against the previous year. Overall, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

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

Lift And Hoist Imports

Imports in Northern America

In 2022, purchases abroad of lifts and hoists decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. In general, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The volume of import peaked at X units in 2021, and then declined in the following year.

In value terms, lift and hoist imports rose modestly to $X in 2022. Total imports indicated a remarkable increase 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 decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, the United States (X units) was the largest importer of lifts and hoists, committing X% of total imports. It was distantly followed by Canada (X units), creating a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to lift and hoist imports into the United States stood at X%. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of X% from 2012-2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

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

The United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 the United States (X%).

Source: IndexBox Platform

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