Northern America: Dairy Machinery Market 2024

Dairy Machinery Market Size in Northern America

The North American dairy machinery market stood at $X in 2022, picking up by 9.9% against the previous year. Overall, consumption posted a strong increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Dairy Machinery Production in Northern America

In value terms, dairy machinery production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production saw a strong increase. The growth pace was the most rapid in 2018 when the production volume increased by 72%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Dairy Machinery Exports

Exports in Northern America

In 2022, shipments abroad of dairy machinery was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 86% against the previous year. The volume of export peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, dairy machinery exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2019 with an increase of 40% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, the United States (X units) represented the main exporter of dairy machinery, comprising 66% of total exports. It was distantly followed by Canada (X units), committing a 34% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +13.7%).

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

In the United States, dairy machinery exports declined by an average annual rate of -8.1% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, dropping by -8.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2016 when the export price increased by 40% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the export prices failed to regain momentum.

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 (+2.0%).

Dairy Machinery Imports

Imports in Northern America

After two years of decline, overseas purchases of dairy machinery increased by 80% to X units in 2022. Over the period under review, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2013 with an increase of 121%. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, dairy machinery imports skyrocketed to $X in 2022. Total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -34.9% against 2019 indices. The growth pace was the most rapid in 2013 when imports increased by 122% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

The United States was the major importer of dairy machinery in Northern America, with the volume of imports accounting for X units, which was near 75% of total imports in 2022. It was distantly followed by Canada (X units), committing a 25% share of total imports.

The United States was also the fastest-growing in terms of the dairy machinery imports, with a CAGR of +11.4% from 2012 to 2022. At the same time, Canada (+4.1%) displayed positive paces of growth. While the share of the United States (+15 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-14.6 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.

Among the main importing countries, the United States, with a CAGR of +6.8%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2022, dropping by -28.5% against the previous year. Overall, the import price saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 12% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 (+0.3%).

Source: IndexBox Platform

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