Northern America: Endless Machinery Band Market 2025

Endless Machinery Band Market Size in Northern America

In 2021, the North American endless machinery band market increased by 13% to $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Endless Machinery Band Production in Northern America

In value terms, endless machinery band production dropped to $X in 2021 estimated in export price. Overall, production showed a slight decline. The growth pace was the most rapid in 2016 when the production volume increased by 13%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Endless Machinery Band Exports

Exports in Northern America

Endless machinery band exports skyrocketed to X square meters in 2021, growing by 39% against 2020 figures. Overall, exports showed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, endless machinery band exports expanded modestly to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 38% against the previous year. The level of export peaked at $X in 2018; however, from 2019 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 square meters, which amounted to 79% of total exports. It was distantly followed by Canada (X square meters), generating a 21% share of total exports.

Exports from the United States increased at an average annual rate of +6.5% from 2012 to 2021. At the same time, Canada (+7.2%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +7.2% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest endless machinery band supplier in Northern America, comprising 82% of total exports. The second position in the ranking was taken by Canada ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States was relatively modest.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per square meter, which is down by -27% against the previous year. In general, the export price saw a deep slump. The most prominent rate of growth was recorded in 2016 an increase of 33% against the previous year. The level of export peaked at $X per square meter in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per square meter), while Canada stood at $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-3.4%).

Endless Machinery Band Imports

Imports in Northern America

In 2021, imports of endless bands for machinery, of stainless steel in Northern America skyrocketed to X square meters, jumping by 48% on the year before. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +114.4% against 2013 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, endless machinery band imports rose markedly to $X in 2021. The total import value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by 31%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The United States prevails in imports structure, reaching X square meters, which was approx. 93% of total imports in 2021. It was distantly followed by Canada (X square meters), generating a 7.3% share of total imports.

The United States was also the fastest-growing in terms of the endless bands for machinery, of stainless steel imports, with a CAGR of +11.3% from 2012 to 2021. Canada (-8.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States increased by +25 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported endless bands for machinery, of stainless steel in Northern America, comprising 79% of total imports. The second position in the ranking was taken by Canada ($X), with a 21% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at +3.7%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per square meter, with a decrease of -26.5% against the previous year. Overall, the import price recorded a drastic downturn. The pace of growth appeared the most rapid in 2014 an increase of 12%. As a result, import price reached the peak level of $X per square meter. From 2015 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per square meter), while the United States stood at $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+5.0%).

Source: IndexBox Platform

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