Northern America: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in Northern America

The North American machine tool for metal market reached $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption, however, showed a strong increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Machine Tools For Working Metal Without Removing Metal in Northern America

In value terms, machine tool for metal production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a resilient expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

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Exports of Machine Tools For Working Metal Without Removing Metal

Exports in Northern America

In 2022, overseas shipments of machine tools for working metal without removing metal increased by X% to X units, rising for the second year in a row after three years of decline. In general, exports showed a prominent expansion. The growth pace was the most rapid in 2021 when exports increased by X%. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, machine tool for metal exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a mild decline. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The biggest shipments were from the United States (X units), together recording X% of total export.

The United States was also the fastest-growing in terms of the machine tools for working metal without removing metal exports, with a CAGR of X% from 2012 to 2022. The United States (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest machine tool for metal supplier in Northern America.

In the United States, machine tool for metal exports declined by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, declining by X% against the previous year. In general, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports in Northern America

Machine tool for metal imports contracted to X units in 2022, reducing by X% against the previous year. Total imports indicated strong 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, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, machine tool for metal imports surged 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 remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of machine tool for metal imports in 2022 were Canada (X units) and the United States (X units), together reaching X% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the United States (with a CAGR of X%).

In value terms, the United States ($X) constitutes the largest market for imported machine tools for working metal without removing metal in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

In the United States, machine tool for metal imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, picking up by X% against the previous year. In general, the import price, however, recorded a noticeable reduction. The growth pace was the most rapid in 2016 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the 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 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%).

Source: IndexBox Platform

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