Northern America: Harvesting Machinery Market 2024

Harvesting Machinery Market Size in Northern America

The North American harvesting machinery market rose to $X in 2022, increasing by X% against the previous year. The total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Harvesting Machinery Production in Northern America

In value terms, harvesting machinery production stood at $X in 2022 estimated in export price. The total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Harvesting Machinery Exports

Exports in Northern America

In 2022, approx. X units of root or tuber harvesting machines were exported in Northern America; surging by X% on 2021. Overall, exports saw a strong expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, harvesting machinery exports expanded notably to $X in 2022. In general, exports posted a pronounced expansion. The pace of growth appeared the most rapid in 2019 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

The United States dominates exports structure, finishing at X units, which was approx. X% of total exports in 2022. It was distantly followed by Canada (X units), committing a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to harvesting machinery exports from the United States stood at X%. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of X% from 2012-2022. While the share of Canada (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United States (X p.p.) displayed negative dynamics.

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

In the United States, harvesting machinery exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, reducing by X% against the previous year. In general, the export price continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2021 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Harvesting Machinery Imports

Imports in Northern America

In 2022, overseas purchases of root or tuber harvesting machines decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Overall, imports, however, enjoyed a modest increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports hit record highs at X units in 2021, and then reduced rapidly in the following year.

In value terms, harvesting machinery imports declined rapidly to $X in 2022. In general, imports, however, enjoyed slight growth. The pace of growth appeared the most rapid in 2019 when imports increased by X%. The level of import peaked at $X in 2021, and then dropped dramatically in the following year.

Imports by Country

The countries with the highest levels of harvesting machinery imports in 2022 were Canada (X units) and the United States (X units), together finishing at X% of total import.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%).

In value terms, Canada ($X) and the United States ($X) appeared to be the countries with the highest levels of imports in 2022.

Among the main importing countries, the United States, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2022, stabilizing at the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform

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