Northern America: Construction Equipment Blade Market 2024

Construction Equipment Blade Market Size in Northern America

The North American construction equipment blade market soared to $X in 2022, picking up by 33% against the previous year. The total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +37.8% against 2020 indices. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Construction Equipment Blade Production in Northern America

In value terms, construction equipment blade production reached $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 302%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Construction Equipment Blade Exports

Exports in Northern America

In 2022, shipments abroad of blades for construction equipment increased by 33% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 118% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, construction equipment blade exports surged to $X in 2022. Total exports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +89.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 57% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

The United States was the main exporting country with an export of around X units, which amounted to 65% of total exports. It was distantly followed by Canada (X units), comprising a 35% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Canada (with a CAGR of +2.1%).

In value terms, the United States ($X) remains the largest construction equipment blade supplier in Northern America, comprising 70% of total exports. The second position in the ranking was taken by Canada ($X), with a 30% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States was relatively modest.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, reducing by -9.2% against the previous year. Export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, construction equipment blade export price increased by +66.2% against 2017 indices. The pace of growth appeared the most rapid in 2014 an increase of 66%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.5%).

Construction Equipment Blade Imports

Imports in Northern America

In 2022, purchases abroad of blades for construction equipment increased by 56% to X units, rising for the second consecutive year after two years of decline. Total imports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of +1.6% 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 +85.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, construction equipment blade imports soared to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United States represented the main importer of blades for construction equipment in Northern America, with the volume of imports recording X units, which was approx. 74% of total imports in 2022. It was distantly followed by Canada (X units), committing a 25% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of blades for construction equipment. At the same time, Canada (+12.5%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +12.5% from 2012-2022. While the share of Canada (+16 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United States (-16.4 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported blades for construction equipment in Northern America, comprising 77% of total imports. The second position in the ranking was held by Canada ($X), with a 22% share of total imports.

In the United States, construction equipment blade imports shrank by an average annual rate of -1.9% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, reducing by -5.4% against the previous year. In general, the import price saw a mild setback. The most prominent rate of growth was recorded in 2021 an increase of 11% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, 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 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 (-1.5%).

Source: IndexBox Platform

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