Northern America: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in Northern America

The North American metal broaching machine market soared to $X in 2021, jumping by 109% against the previous year. Overall, consumption saw a resilient expansion. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Metal Broaching Machine Production in Northern America

In value terms, metal broaching machine production contracted markedly to $X in 2021 estimated in export price. Overall, production faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the production volume increased by 3,394% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Metal Broaching Machine Exports

Exports in Northern America

In 2021, shipments abroad of broaching machines for working metal decreased by -72.4% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports recorded a dramatic curtailment. The growth pace was the most rapid in 2019 when exports increased by 74%. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal broaching machine exports dropped to $X in 2021. In general, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 91% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States prevails in exports structure, recording X units, which was approx. 98% of total exports in 2021. Canada (X units) followed a long way behind the leaders.

Exports from the United States decreased at an average annual rate of -21.1% from 2012 to 2021. At the same time, Canada (+4.6%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +4.6% from 2012-2021. From 2012 to 2021, the share of Canada increased by +2 percentage points.

In value terms, the United States ($X) remains the largest metal broaching machine supplier in Northern America, comprising 99% of total exports. The second position in the ranking was taken by Canada ($X), with a 1.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled -9.7%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per unit, picking up by 232% against the previous year. In general, the export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 an increase of 249%. The level of export peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood 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 2021, the most notable rate of growth in terms of prices was attained by the United States (+14.4%).

Metal Broaching Machine Imports

Imports in Northern America

Metal broaching machine imports soared to X units in 2021, surging by 279% on the year before. In general, imports, however, showed a drastic downturn. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, metal broaching machine imports surged to $X in 2021. Overall, imports, however, recorded a deep slump. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States dominates imports structure, resulting at X units, which was approx. 97% of total imports in 2021. Canada (X units) held a relatively small share of total imports.

The United States was also the fastest-growing in terms of the broaching machines for working metal imports, with a CAGR of -6.4% from 2012 to 2021. Canada (-7.8%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported broaching machines for working metal in Northern America, comprising 80% of total imports. The second position in the ranking was held by Canada ($X), with a 20% share of total imports.

In the United States, metal broaching machine imports plunged by an average annual rate of -11.7% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per unit, falling by -35.8% against the previous year. Over the period under review, the import price showed a abrupt slump. The growth pace was the most rapid in 2020 when the import price increased by 160% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-2.1%).

Source: IndexBox Platform

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