Northern America: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Northern America

The North American market for grinding, sanding and polishing machines skyrocketed to $X in 2021, with an increase of 18% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.8% against 2017 indices. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Grinding, Sanding and Polishing Machines in Northern America

In value terms, grinding, sanding and polishing machine production reduced sharply to $X in 2021 estimated in export price. Overall, production faced a deep contraction. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Grinding, Sanding and Polishing Machines

Exports in Northern America

In 2021, shipments abroad of grinding, sanding and polishing machines was finally on the rise to reach X units after three years of decline. Overall, exports, however, continue to indicate a slight slump. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, grinding, sanding and polishing machine exports soared to $X in 2021. In general, exports, however, saw a slight curtailment. The pace of growth was the most pronounced in 2017 with an increase of 26% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States represented the main exporter of grinding, sanding and polishing machines in Northern America, with the volume of exports accounting for X units, which was approx. 84% of total exports in 2021. It was distantly followed by Canada (X units), committing a 16% share of total exports.

The United States was also the fastest-growing in terms of the grinding, sanding and polishing machines exports, with a CAGR of +2.4% from 2012 to 2021. Canada (-10.9%) illustrated a downward trend over the same period. The United States (+24 p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by -24.3% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest grinding, sanding and polishing machine supplier in Northern America, comprising 73% of total exports. The second position in the ranking was held by Canada ($X), with a 27% share of total exports.

In the United States, grinding, sanding and polishing machine exports shrank by an average annual rate of -1.2% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per unit, reducing by -43.3% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the export price increased by 44%. The level of export peaked at $X per unit in 2020, and then contracted significantly in the following year.

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 2021, the most notable rate of growth in terms of prices was attained by Canada (+11.9%).

Imports of Grinding, Sanding and Polishing Machines

Imports in Northern America

In 2021, imports of grinding, sanding and polishing machines in Northern America rose sharply to X units, with an increase of 13% on the previous year. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.8% 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 decreased by -9.1% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 32% against the previous year. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, grinding, sanding and polishing machine imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 28%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the United States (X units) represented the main importer of grinding, sanding and polishing machines, making up 80% of total imports. It was distantly followed by Canada (X units), mixing up a 20% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to grinding, sanding and polishing machine imports into the United States stood at +6.7%. At the same time, Canada (+7.5%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +7.5% from 2012-2021. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported grinding, sanding and polishing machines in Northern America, comprising 87% of total imports. The second position in the ranking was taken by Canada ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States amounted to +4.2%.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, growing by 7.6% against the previous year. In general, the import price, however, continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2018 when the import price increased by 9.3%. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 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 (-2.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :