Northern America: Footwear Making Machinery Market 2024

Footwear Making Machinery Market Size in Northern America

In 2023, the North American footwear making machinery market decreased by X% to $X, falling for the second year in a row after two years of growth. The total consumption indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2016 to 2023, the growth of the market remained at a somewhat lower figure.

Footwear Making Machinery Production in Northern America

In value terms, footwear making machinery production totaled $X in 2023 estimated in export price. The total production indicated mild growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2023, production failed to regain momentum.

Footwear Making Machinery Exports

Exports in Northern America

Footwear making machinery exports expanded remarkably to X units in 2023, picking up by X% compared with 2022. Overall, exports, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, footwear making machinery exports shrank to $X in 2023. In general, exports, however, saw a deep reduction. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Canada represented the key exporting country with an export of about X units, which finished at X% of total exports. It was distantly followed by the United States (X units), constituting a X% share of total exports.

Canada was also the fastest-growing in terms of the machinery for making or repairing footwear exports, with a CAGR of X% from 2012 to 2023. The United States (X%) illustrated a downward trend over the same period. 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 2023, respectively.

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

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

Export Prices by Country

The export price in Northern America stood at $X per unit in 2023, shrinking by X% against the previous year. Over the period under review, the export price recorded a mild curtailment. The growth pace was the most rapid in 2015 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 2023, 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 stood at $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Footwear Making Machinery Imports

Imports in Northern America

In 2023, approx. X units of machinery for making or repairing footwear were imported in Northern America; with an increase of X% compared with the previous year. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2023, the growth of imports remained at a lower figure.

In value terms, footwear making machinery imports declined to $X in 2023. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States dominates imports structure, reaching X units, which was near X% of total imports in 2023. It was distantly followed by Canada (X units), creating a X% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of machinery for making or repairing footwear. 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 2012-2023. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported machinery for making or repairing footwear in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

In the United States, footwear making machinery imports remained relatively stable over the period from 2012-2023.

Import Prices by Country

In 2023, the import price in Northern America amounted to $X per unit, declining by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2018; however, from 2019 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, 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 2023, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform