Northern America: Crawler Dozer Market 2024

Crawler Dozer Market Size in Northern America

The North American crawler dozer market expanded modestly to $X in 2022, picking up by 2.3% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.9% 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 +38.1% against 2020 indices. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Crawler Dozer Production in Northern America

In value terms, crawler dozer production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 9.9% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Crawler Dozer Exports

Exports in Northern America

In 2022, overseas shipments of crawler dozers increased by 17% to X units, rising for the second year in a row after two years of decline. Overall, exports, however, recorded a deep contraction. The pace of growth was the most pronounced in 2018 when exports increased by 39% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, crawler dozer exports surged to $X in 2022. In general, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 45% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States dominates exports structure, accounting for X units, which was approx. 97% of total exports in 2022. Canada (X units) followed a long way behind the leaders.

Exports from the United States decreased at an average annual rate of -5.8% from 2012 to 2022. Canada (-1.3%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest crawler dozer supplier in Northern America, comprising 97% of total exports. The second position in the ranking was taken by Canada ($X), with a 3.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at -5.7%.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, approximately equating the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by 11%. Over the period under review, the export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices stood 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 Canada ($X per unit), while the United States stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+7.5%).

Crawler Dozer Imports

Imports in Northern America

In 2022, purchases abroad of crawler dozers increased by 7.8% to X units, rising for the second year in a row after three years of decline. Over the period under review, imports posted a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 104%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, crawler dozer imports soared to $X in 2022. In general, imports enjoyed a modest increase. The most prominent rate of growth was recorded in 2017 with an increase of 66%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

The United States was the major importing country with an import of around X units, which accounted for 85% of total imports. It was distantly followed by Canada (X units), creating a 15% share of total imports.

The United States was also the fastest-growing in terms of the crawler dozers imports, with a CAGR of +13.5% from 2012 to 2022. Canada (-4.7%) illustrated a downward trend over the same period. While the share of the United States (+35 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-35.1 p.p.) displayed negative dynamics.

In value terms, the United States ($X) and Canada ($X) were the countries with the highest levels of imports in 2022.

The United States, with a CAGR of +5.9%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2022, picking up by 40% against the previous year. In general, the import price, however, saw a deep slump. The pace of growth was the most pronounced in 2018 when the import price increased by 45% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :