Northern America: Agricultural Product Dryer Market 2024

Agricultural Product Dryer Market Size in Northern America

In 2021, after two years of growth, there was decline in the North American agricultural product dryer market, when its value decreased by -4.2% to $X. Overall, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2020, and then contracted in the following year.

Agricultural Product Dryer Production in Northern America

In value terms, agricultural product dryer production shrank modestly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a mild slump. The growth pace was the most rapid in 2017 with an increase of 21% 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.

Agricultural Product Dryer Exports

Exports in Northern America

In 2021, the amount of dryers for the treatment of agricultural products exported in Northern America was estimated at X units, therefore, remained relatively stable against the previous year's figure. In general, exports, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2018 when exports increased by 30% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, agricultural product dryer exports fell sharply to $X in 2021. Overall, exports, however, continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 25%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States represented the largest exporting country with an export of about X units, which resulted at 72% of total exports. It was distantly followed by Canada (X units), mixing up a 28% share of total exports.

Exports from the United States decreased at an average annual rate of -6.9% from 2012 to 2021. At the same time, Canada (+38.4%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +38.4% from 2012-2021. From 2012 to 2021, the share of Canada increased by +27 percentage points.

In value terms, the United States ($X) remains the largest agricultural product dryer supplier in Northern America, comprising 91% of total exports. The second position in the ranking was taken by Canada ($X), with an 8.6% share of total exports.

In the United States, agricultural product dryer exports plunged by an average annual rate of -5.2% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2021, dropping by -30% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 22% against the previous year. The level of export peaked at $X per unit in 2020, and then declined sharply in the following year.

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 (+1.9%).

Agricultural Product Dryer Imports

Imports in Northern America

In 2021, overseas purchases of dryers for the treatment of agricultural products increased by 4.6% to X units, rising for the fifth year in a row after three years of decline. In general, imports recorded prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 79% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, agricultural product dryer imports reduced remarkably to $X in 2021. Over the period under review, imports enjoyed noticeable growth. The pace of growth was the most pronounced in 2019 with an increase of 41%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Canada (X units) represented the largest importer of dryers for the treatment of agricultural products, mixing up 85% of total imports. It was distantly followed by the United States (X units), generating a 15% share of total imports.

Canada was also the fastest-growing in terms of the dryers for the treatment of agricultural products imports, with a CAGR of +15.0% from 2012 to 2021. At the same time, the United States (+8.7%) displayed positive paces of growth. While the share of Canada (+7.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the United States (-7.6 p.p.) displayed negative dynamics.

In value terms, Canada ($X) constitutes the largest market for imported dryers for the treatment of agricultural products in Northern America, comprising 77% of total imports. The second position in the ranking was taken by the United States ($X), with a 22% share of total imports.

In Canada, agricultural product dryer imports increased at an average annual rate of +2.9% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per unit, dropping by -39% against the previous year. In general, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2016 when the import price increased by 14% against the previous year. The level of import peaked at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per unit), while Canada amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-4.5%).

Source: IndexBox Platform

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