Northern America: Crawler Tractor Market 2024

Crawler Tractor Market Size in Northern America

In 2021, the North American crawler tractor market was finally on the rise to reach $X after two years of decline. Overall, consumption showed a perceptible setback. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Crawler Tractor Production in Northern America

In value terms, crawler tractor production shrank sharply to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 44% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Crawler Tractor Exports

Exports in Northern America

In 2021, after two years of decline, there was significant growth in shipments abroad of crawler tractors, when their volume increased by 15% to X units. In general, exports, however, saw a perceptible setback. The pace of growth was the most pronounced in 2017 when exports increased by 37% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, crawler tractor exports skyrocketed to $X in 2021. Overall, exports, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2017 when exports increased by 28%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, the United States (X units) represented the largest exporter of crawler tractors, creating 81% of total exports. It was distantly followed by Canada (X units), mixing up a 19% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to crawler tractor exports from the United States stood at -6.2%. At the same time, Canada (+4.7%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +4.7% from 2012-2021. From 2012 to 2021, the share of Canada increased by +11 percentage points.

In value terms, the United States ($X) remains the largest crawler tractor supplier in Northern America, comprising 93% of total exports. The second position in the ranking was taken by Canada ($X), with a 7.4% share of total exports.

In the United States, crawler tractor exports contracted by an average annual rate of -8.0% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per unit, increasing by 11% against the previous year. Over the period under review, the export price, however, showed a noticeable reduction. The pace of growth was the most pronounced in 2018 an increase of 16% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by the United States (-1.9%).

Crawler Tractor Imports

Imports in Northern America

In 2021, the amount of crawler tractors imported in Northern America dropped to X units, shrinking by -11.2% against the year before. In general, imports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 37% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, crawler tractor imports surged to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States was the major importer of crawler tractors in Northern America, with the volume of imports resulting at X units, which was approx. 80% of total imports in 2021. It was distantly followed by Canada (X units), constituting a 20% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to crawler tractor imports into the United States stood at -4.7%. Canada (-3.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Canada increased by +1.9 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported crawler tractors in Northern America, comprising 72% of total imports. The second position in the ranking was taken by Canada ($X), with a 28% share of total imports.

In the United States, crawler tractor imports remained relatively stable over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per unit, surging by 58% against the previous year. Import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X per unit in 2018; however, from 2019 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 stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :