Northern America: Market for Instrument Panel And Wall Clocks 2022

Market Size for Instrument Panel And Wall Clocks in Northern America

In 2020, the North American market for instrument panel and wall clocks decreased by -X% to $X, falling for the fourth consecutive year after two years of growth. Over the period under review, consumption continues to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2010 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2020, consumption stood at a somewhat lower figure.

Production of Instrument Panel And Wall Clocks in Northern America

In value terms, instrument panel and wall clock production surged to $X in 2020 estimated in export prices. Over the period under review, production posted a resilient expansion. The growth pace was the most rapid in 2019 with an increase of X% y-o-y. The level of production peaked in 2020 and is likely to see steady growth in the near future.

Production By Country in Northern America

The country with the largest volume of instrument panel and wall clock production was the United States (X tons), comprising approx. X% of total volume. Moreover, instrument panel and wall clock production in the United States exceeded the figures recorded by the second-largest producer, Canada (X tons), threefold.

From 2007 to 2020, the average annual growth rate of volume in the United States totaled +X%.

Exports of Instrument Panel And Wall Clocks

Exports in Northern America

In 2020, shipments abroad of instrument panel and wall clocks decreased by -X% to X tons, falling for the second year in a row after two years of growth. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

In value terms, instrument panel and wall clock exports dropped markedly to $X in 2020. Over the period under review, exports, however, continue to indicate a mild setback. The most prominent rate of growth was recorded in 2012 when exports increased by X% year-to-year. As a result, exports attained the peak of $X. from 2013 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

In 2020, the United States (X tons) represented the largest exporter of instrument panel and wall clocks, creating X% of total exports. It was distantly followed by Canada (X tons), committing a X% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of instrument panel and wall clocks. 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 2007-2020. While the share of Canada (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of the United States (-X p.p.) displayed negative dynamics.

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

From 2007 to 2020, the average annual growth rate of value in the United States stood at -X%.

Export Prices by Country

The export price for instrument panel and wall clocks in Northern America stood at $X per ton in 2020, reducing by -X% against the previous year. Overall, the export price recorded a noticeable setback. The pace of growth appeared the most rapid in 2011 when the export price increased by X% year-to-year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the United States.

Imports of Instrument Panel And Wall Clocks

Imports in Northern America

In 2020, purchases abroad of instrument panel and wall clocks decreased by -X% to X tons, falling for the fourth year in a row after two years of growth. In general, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X tons in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, instrument panel and wall clock imports shrank rapidly to $X in 2020. Overall, imports saw a noticeable curtailment. The pace of growth was the most pronounced in 2010 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, the United States (X tons) was the key importer of instrument panel and wall clocks, generating X% of total imports. It was distantly followed by Canada (X tons), generating a X% share of total imports.

From 2007 to 2020, average annual rates of growth with regard to instrument panel and wall clock imports into the United States stood at -X%. At the same time, Canada (+X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +X% from 2007-2020. Canada (+X p.p.) significantly strengthened its position in terms of the total imports, while the United States saw its share reduced by -X% from 2007 to 2020, respectively.

In value terms, the United States ($X) constitutes the largest market for imported instrument panel and wall clocks in Northern America, comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value in the United States amounted to -X%.

Import Prices by Country

In 2020, the import price for instrument panel and wall clocks in Northern America amounted to $X per ton, shrinking by -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017 when the import price increased by X% year-to-year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2020, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major importing countries. In 2020, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the United States.

Source: IndexBox Platform

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