Northern America: Market for Parts Of Harvester And Threshers 2022

Market Size for Parts Of Harvester And Threshers in Northern America

After four years of decline, the North American market for parts of harvester and threshers increased by 36% to $X in 2021. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Parts Of Harvester And Threshers in Northern America

In value terms, parts of harvester and threshers production expanded markedly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2016 with an increase of 15%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Exports of Parts Of Harvester And Threshers

Exports in Northern America

In 2021, shipments abroad of parts of harvester and threshers was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, saw a pronounced setback. The growth pace was the most rapid in 2017 when exports increased by 22%. The volume of export peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, parts of harvester and threshers exports surged to $X in 2021. In general, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States represented the major exporter of parts of harvester and threshers in Northern America, with the volume of exports finishing at X units, which was near 65% of total exports in 2021. It was distantly followed by Canada (X units), achieving a 35% share of total exports.

From 2012 to 2021, the biggest increases were in Canada (with a CAGR of -1.5%).

In value terms, the United States ($X) remains the largest parts of harvester and threshers supplier in Northern America, comprising 67% of total exports. The second position in the ranking was held by Canada ($X), with a 33% share of total exports.

In the United States, parts of harvester and threshers exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2021, rising by 24% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably 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 (+4.0%).

Imports of Parts Of Harvester And Threshers

Imports in Northern America

In 2021, parts of harvester and threshers imports in Northern America soared to X units, with an increase of 33% against the year before. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +114.5% against 2016 indices. The growth pace was the most rapid in 2020 when imports increased by 35% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the near future.

In value terms, parts of harvester and threshers imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States was the largest importer of parts of harvester and threshers in Northern America, with the volume of imports accounting for X units, which was approx. 86% of total imports in 2021. It was distantly followed by Canada (X units), generating a 14% share of total imports.

The United States was also the fastest-growing in terms of the parts of harvester and threshers imports, with a CAGR of +8.6% from 2012 to 2021. Canada (-1.4%) illustrated a downward trend over the same period. The United States (+14 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -13.9% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported parts of harvester and threshers in Northern America, comprising 79% of total imports. The second position in the ranking was taken by Canada ($X), with a 21% share of total imports.

In the United States, parts of harvester and threshers imports increased at an average annual rate of +1.8% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, waning by -2% against the previous year. Overall, the import price continues to indicate a pronounced setback. The growth pace was the most rapid in 2014 an increase of 7.1% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.1%).

Source: IndexBox Market Intelligence Platform

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