Northern America: Prefabricated Buildings Market 2022

Prefabricated Buildings Market Size in Northern America

The North American prefabricated buildings market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Prefabricated Buildings Production in Northern America

In value terms, prefabricated buildings production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 15% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Prefabricated Buildings Exports

Exports in Northern America

In 2021, approx. X units of prefabricated buildings were exported in Northern America; increasing by 23% on 2020. In general, exports, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2018 when exports increased by 31% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, prefabricated buildings exports surged to $X in 2021. Over the period under review, exports, however, recorded a deep reduction. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) and Canada (X units) represented roughly 99.9% of total exports in 2021.

From 2012 to 2021, the biggest increases were in Canada (with a CAGR of +1.6%).

In value terms, the United States ($X) and Canada ($X) constituted the countries with the highest levels of exports in 2021.

Canada, with a CAGR of +1.9%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per unit, standing approx. at the previous year. Export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, prefabricated buildings export price increased by +24.1% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the export price increased by 43%. The level of export peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per unit), while Canada amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.0%).

Prefabricated Buildings Imports

Imports in Northern America

In 2021, the amount of prefabricated buildings imported in Northern America surged to X units, growing by 37% against the previous year's figure. Over the period under review, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, prefabricated buildings imports skyrocketed to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

The United States was the largest importer of prefabricated buildings in Northern America, with the volume of imports accounting for X units, which was approx. 63% of total imports in 2021. It was distantly followed by Canada (X units), mixing up a 36% share of total imports.

From 2012 to 2021, 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 +11.8%).

In value terms, the United States ($X) and Canada ($X) appeared to be the countries with the highest levels of imports in 2021.

The United States, with a CAGR of +8.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, leveling off at the previous year. Over the period under review, the import price, however, showed a slight slump. The most prominent rate of growth was recorded in 2017 an increase of 6.2% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per unit), while the United States stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+0.4%).

Source: IndexBox Market Intelligence Platform

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