Northern America: Way-Type Unit Head Market 2024

Way-Type Unit Head Market Size in Northern America

In 2021, the North American way-type unit head market decreased by -25.9% to $X for the first time since 2014, thus ending a six-year rising trend. In general, consumption, however, recorded a prominent increase. As a result, consumption attained the peak level of $X, and then contracted significantly in the following year.

Way-Type Unit Head Production in Northern America

In value terms, way-type unit head production declined sharply to $X in 2021 estimated in export price. Over the period under review, production, however, recorded buoyant growth. The pace of growth was the most pronounced in 2020 when the production volume increased by 121%. As a result, production reached the peak level of $X, and then declined dramatically in the following year.

Way-Type Unit Head Exports

Exports in Northern America

In 2021, overseas shipments of way-type unit heads for working metal were finally on the rise to reach X tons after two years of decline. In general, exports, however, saw a dramatic decrease. The most prominent rate of growth was recorded in 2018 with an increase of 805% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, way-type unit head exports expanded sharply to $X in 2021. Over the period under review, exports, however, showed a dramatic slump. The growth pace was the most rapid in 2018 when exports increased by 880%. Over the period under review, the exports reached 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 represented the largest exporter of way-type unit heads for working metal in Northern America, with the volume of exports finishing at X tons, which was near 83% of total exports in 2021. It was distantly followed by Canada (X tons), generating a 17% share of total exports.

Exports from the United States decreased at an average annual rate of -26.3% from 2012 to 2021. Canada (-11.4%) illustrated a downward trend over the same period. While the share of Canada (+13 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United States (-13.3 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest way-type unit head supplier in Northern America, comprising 87% of total exports. The second position in the ranking was taken by Canada ($X), with a 13% share of total exports.

In the United States, way-type unit head exports contracted by an average annual rate of -23.4% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, waning by -20.1% against the previous year. Export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, way-type unit head export price increased by +48.2% against 2017 indices. The pace of growth was the most pronounced in 2020 when the export price increased by 59% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped sharply in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.9%).

Way-Type Unit Head Imports

Imports in Northern America

In 2021, supplies from abroad of way-type unit heads for working metal was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2018 with an increase of 212%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, way-type unit head imports soared to $X in 2021. Over the period under review, imports posted a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of 250%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) was the main importer of way-type unit heads for working metal, mixing up 75% of total imports. It was distantly followed by Canada (X tons), generating a 25% share of total imports.

The United States was also the fastest-growing in terms of the way-type unit heads for working metal imports, with a CAGR of +20.1% from 2012 to 2021. Canada (-1.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States increased by +42 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported way-type unit heads for working metal in Northern America, comprising 86% of total imports. The second position in the ranking was held by Canada ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at +25.5%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, jumping by 32% against the previous year. Over the last nine years, it increased at an average annual rate of +3.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.5%).

Source: IndexBox Platform

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