Northern America: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Northern America

The North American grinding and sharpening machine market expanded slightly to $X in 2022, with an increase of 4.9% against the previous year. The total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.9% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

Production of Grinding And Sharpening Metal Finishing Machines in Northern America

In value terms, grinding and sharpening machine production reached $X in 2022 estimated in export price. Overall, production recorded a measured expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 132% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports in Northern America

In 2022, after two years of growth, there was significant decline in shipments abroad of grinding and sharpening metal finishing machines, when their volume decreased by -18.6% to X units. Over the period under review, exports recorded a perceptible decline. The pace of growth was the most pronounced in 2021 when exports increased by 45% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, grinding and sharpening machine exports skyrocketed to $X in 2022. In general, exports continue to indicate a deep contraction. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States dominates exports structure, finishing at X units, which was approx. 98% of total exports in 2022. Canada (X units) took a relatively small share of total exports.

Exports from the United States decreased at an average annual rate of -3.9% from 2012 to 2022. At the same time, Canada (+2.1%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +2.1% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest grinding and sharpening machine supplier in Northern America, comprising 79% of total exports. The second position in the ranking was held by Canada ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to -10.9%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per unit, with an increase of 78% against the previous year. Overall, the export price, however, recorded a abrupt shrinkage. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, 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 (+4.4%).

Imports of Grinding And Sharpening Metal Finishing Machines

Imports in Northern America

In 2022, purchases abroad of grinding and sharpening metal finishing machines decreased by -1.2% to X units for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 34%. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, grinding and sharpening machine imports surged to $X in 2022. Overall, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 37%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X units) and Canada (X units) was the largest importer of grinding and sharpening metal finishing machines in Northern America, constituting 99.9% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Canada (with a CAGR of +9.6%).

In value terms, the United States ($X) constitutes the largest market for imported grinding and sharpening metal finishing machines in Northern America, comprising 84% of total imports. The second position in the ranking was held by Canada ($X), with a 16% share of total imports.

In the United States, grinding and sharpening machine imports plunged by an average annual rate of -9.6% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, rising by 31% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt contraction. The level of import peaked at $X per unit in 2013; however, from 2014 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 the United States ($X per unit), while Canada totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-6.9%).

Source: IndexBox Platform

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