Northern America: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Northern America

In 2022, after two years of growth, there was significant decline in the North American machine-tool for working metal market, when its value decreased by X% to $X. Over the period under review, consumption continues to indicate a mild shrinkage. As a result, consumption reached the peak level of $X, and then declined remarkably in the following year.

Production of Machine Tools For Working Metal in Northern America

In value terms, machine-tool for working metal production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt shrinkage. The growth pace was the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Exports of Machine Tools For Working Metal

Exports in Northern America

In 2022, the amount of machine tools for working metal exported in Northern America rose slightly to X units, with an increase of X% compared with the previous year. In general, exports, however, saw a noticeable slump. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, machine-tool for working metal exports expanded markedly to $X in 2022. Overall, exports, however, continue to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States dominates exports structure, recording X units, which was approx. X% of total exports in 2022. Canada (X units) held a relatively small share of total exports.

The United States was also the fastest-growing in terms of the machine tools for working metal exports, with a CAGR of X% from 2012 to 2022. Canada (X%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

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

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices 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%).

Imports of Machine Tools For Working Metal

Imports in Northern America

In 2022, machine-tool for working metal imports in Northern America contracted slightly to X units, reducing by X% compared with 2021 figures. Total imports indicated a strong expansion 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then contracted modestly in the following year.

In value terms, machine-tool for working metal imports rose markedly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked at $X in 2018; afterwards, it flattened through to 2022.

Imports by Country

Canada was the major importer of machine tools for working metal in Northern America, with the volume of imports recording X units, which was approx. X% of total imports in 2022. It was distantly followed by the United States (X units), constituting a X% share of total imports.

Canada was also the fastest-growing in terms of the machine tools for working metal imports, with a CAGR of X% from 2012 to 2022. At the same time, the United States (X%) displayed positive paces of growth. Canada (X p.p.) significantly strengthened its position in terms of the total imports, while the United States saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported machine tools for working metal in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($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%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2016 when the import price increased by X% against the previous year. The level of import peaked 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 the United States ($X per unit), while Canada 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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