Northern America: Metal Treating Machine Market 2023

Metal Treating Machine Market Size in Northern America

The North American metal treating machine market stood at $X in 2021, growing by 6.9% against the previous year. Over the period under review, consumption saw a prominent expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Metal Treating Machine Production in Northern America

In value terms, metal treating machine production expanded to $X in 2021 estimated in export price. In general, production continues to indicate resilient growth. The pace of growth was the most pronounced in 2017 when the production volume increased by 110%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Metal Treating Machine Exports

Exports in Northern America

Metal treating machine exports reduced to X units in 2021, declining by -13.3% against 2020 figures. In general, exports saw a perceptible curtailment. The pace of growth was the most pronounced in 2014 when exports increased by 76% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal treating machine exports stood at $X in 2021. Overall, exports continue to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by 32%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States represented the major exporting country with an export of about X units, which finished at 83% of total exports. It was distantly followed by Canada (X units), mixing up a 17% share of total exports.

Exports from the United States decreased at an average annual rate of -4.2% from 2012 to 2021. At the same time, Canada (+1.1%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +1.1% from 2012-2021. While the share of Canada (+5.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United States (-5.8 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest metal treating machine supplier in Northern America, comprising 90% of total exports. The second position in the ranking was held by Canada ($X), with a 9.9% share of total exports.

In the United States, metal treating machine exports contracted by an average annual rate of -3.2% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2021, jumping by 33% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 55% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per unit), while Canada stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.0%).

Metal Treating Machine Imports

Imports in Northern America

In 2021, the amount of machines for treating metal, having individual functions imported in Northern America soared to X units, rising by 39% against 2020. Total imports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +53.6% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of 73%. The volume of import peaked at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, metal treating machine imports skyrocketed to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +81.4% against 2017 indices. The pace of growth was the most pronounced in 2015 with an increase of 50%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United States represented the largest importer of machines for treating metal, having individual functions in Northern America, with the volume of imports resulting at X units, which was near 77% of total imports in 2021. It was distantly followed by Canada (X units), creating a 23% share of total imports.

The United States was also the fastest-growing in terms of the machines for treating metal, having individual functions imports, with a CAGR of +6.0% from 2012 to 2021. Canada experienced a relatively flat trend pattern. From 2012 to 2021, the share of the United States increased by +10 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported machines for treating metal, having individual functions in Northern America, comprising 90% of total imports. The second position in the ranking was taken by Canada ($X), with a 10% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States totaled +7.5%.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, with a decrease of -13% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 25%. Over the period under review, import prices attained the peak figure at $X per unit in 2020, and then declined in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the United States ($X per unit), while Canada totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.4%).

Source: IndexBox Market Intelligence Platform

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