Northern America: Shipping Market 2024

Shipping Market Size in Northern America

The North American shipping market declined markedly to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption, however, saw a mild decrease. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Shipping Production in Northern America

In value terms, shipping production shrank to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt slump. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Shipping Exports

Exports in Northern America

After two years of growth, overseas shipments of ships, vessels, ferry-boats for the transport of persons decreased by X% to X units in 2022. Overall, exports saw a deep contraction. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, shipping exports reduced notably to $X in 2022. In general, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then shrank notably in the following year.

Exports by Country

In 2022, the United States (X units) represented the largest exporter of ships, vessels, ferry-boats for the transport of persons, making up X% of total exports. It was distantly followed by Canada (X units), making up a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to shipping 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. From 2012 to 2022, the share of Canada increased by X percentage points.

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

In the United States, shipping exports contracted by 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, falling by X% against the previous year. Over the period under review, the export price, however, showed moderate growth. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. As a result, the export price reached the peak level of $X,211 per unit. From 2020 to 2022, the export prices remained at a somewhat 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 totaled $X per unit.

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

Shipping Imports

Imports in Northern America

In 2022, overseas purchases of ships, vessels, ferry-boats for the transport of persons increased by X% to X units, rising for the second year in a row after three years of decline. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, shipping imports declined sharply to $X in 2022. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of import peaked at $X in 2021, and then declined notably in the following year.

Imports by Country

In 2022, Bermuda (X units), the United States (X units) and Canada (X units) represented the key importer of ships, vessels, ferry-boats for the transport of persons in Northern America, constituting X% of total import. Greenland (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) constitutes the largest market for imported ships, vessels, ferry-boats for the transport of persons in Northern America, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Bermuda, with a X% share.

In Canada, shipping imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the United States (X% per year) and Bermuda (X% per year).

Import Prices by Country

The import price in Northern America stood at $X,156 per unit in 2022, with a decrease of X% against the previous year. Overall, the import price, however, recorded a buoyant expansion. The growth pace was the most rapid in 2015 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X,493 per unit. From 2016 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X,030 per unit), while Bermuda ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bermuda (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :