Northern America: Milling Industry Machinery Market 2024

Milling Industry Machinery Market Size in Northern America

The North American milling industry machinery market shrank to $X in 2023, with a decrease of X% against the previous year. The total consumption indicated a measured increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2015 indices. The level of consumption peaked at $X in 2022, and then contracted in the following year.

Milling Industry Machinery Production in Northern America

In value terms, milling industry machinery production fell to $X in 2023 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

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Milling Industry Machinery Exports

Exports in Northern America

In 2023, shipments abroad of milling industry machinery decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Overall, exports showed a perceptible setback. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, milling industry machinery exports contracted to $X in 2023. Over the period under review, exports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

The United States was the largest exporting country with an export of around X units, which reached X% of total exports. It was distantly followed by Canada (X units), constituting a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Canada (with a CAGR of X%).

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

From 2012 to 2023, the average annual rate of growth in terms of value in the United States totaled X%.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2023, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a mild descent. The growth pace was the most rapid in 2019 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 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 amounted to $X per unit.

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

Milling Industry Machinery Imports

Imports in Northern America

After two years of growth, overseas purchases of milling industry machinery decreased by X% to X units in 2023. Over the period under review, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports hit record highs at X units in 2022, and then reduced in the following year.

In value terms, milling industry machinery imports shrank to $X in 2023. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States was the main importing country with an import of around X units, which amounted to X% of total imports. It was distantly followed by Canada (X units), creating a X% share of total imports.

The United States was also the fastest-growing in terms of the milling industry machinery imports, with a CAGR of X% from 2012 to 2023. At the same time, Canada (X%) displayed positive paces of growth. While the share of the United States (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Canada (X p.p.) displayed negative dynamics.

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

From 2012 to 2023, the average annual growth rate of value in the United States was relatively modest.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2023, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2023, 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 2023, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform