U.S.: Self-Propelled Excavating Machinery Market 2024

Self-Propelled Excavating Machinery Market Size in the U.S.

The U.S. self-propelled excavating machinery market contracted to $X in 2022, waning by X% against the previous year. Overall, consumption showed a perceptible setback. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Self-Propelled Excavating Machinery Production in the U.S.

In value terms, self-propelled excavating machinery production shrank to $X in 2022. In general, production continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

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Self-Propelled Excavating Machinery Exports

Exports from the U.S.

In 2022, exports of self-propelled earth moving, excavating machinery from the United States soared to X units, growing by X% on 2021 figures. Overall, exports posted a modest increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, self-propelled excavating machinery exports surged to $X in 2022. In general, exports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X units) was the main destination for self-propelled excavating machinery exports from the United States, accounting for a X% share of total exports. Moreover, self-propelled excavating machinery exports to Canada exceeded the volume sent to the second major destination, Argentina (X units), fourfold. The third position in this ranking was held by Mexico (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and Mexico (X% per year).

In value terms, Canada ($X) remains the key foreign market for self-propelled earth moving, excavating machinery exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with a X% share of total exports. It was followed by Mexico, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Canada amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and Mexico (X% per year).

Export Prices by Country

The average self-propelled excavating machinery export price stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the export price recorded a deep reduction. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jamaica ($X per unit), while the average price for exports to Zimbabwe ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (X%), while the prices for the other major destinations experienced mixed trend patterns.

Self-Propelled Excavating Machinery Imports

Imports into the U.S.

In 2022, overseas purchases of self-propelled earth moving, excavating machinery increased by X% to X units, rising for the fourth year in a row after two years of decline. Overall, imports recorded a strong increase. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, self-propelled excavating machinery imports soared to $X in 2022. Over the period under review, total imports indicated prominent growth 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, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The UK (X units), Canada (X units) and Germany (X units) were the main suppliers of self-propelled excavating machinery imports to the United States, with a combined X% share of total imports. Indonesia, Italy, South Africa, China and Finland lagged somewhat behind, together comprising a further X%.

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

In value terms, Italy ($X), the UK ($X) and Germany ($X) appeared to be the largest self-propelled excavating machinery suppliers to the United States, with a combined X% share of total imports. Canada, Finland, South Africa, China and Indonesia lagged somewhat behind, together accounting for a further X%.

South Africa, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average self-propelled excavating machinery import price amounted to $X per unit, dropping by X% against the previous year. In general, the import price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2015 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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