Northern America: Agricultural Harvester Market 2024

Agricultural Harvester Market Size in Northern America

In 2022, the North American agricultural harvester market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Agricultural Harvester Production in Northern America

In value terms, agricultural harvester production reduced slightly to $X in 2022 estimated in export price. In general, production, however, recorded a slight decline. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Agricultural Harvester Exports

Exports in Northern America

In 2022, shipments abroad of agricultural harvesters increased by X% to X units, rising for the third year in a row after two years of decline. In general, exports showed a mild expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, agricultural harvester exports soared to $X in 2022. Overall, exports, however, recorded a mild shrinkage. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States was the largest exporting country with an export of about X units, which amounted to X% of total exports. It was distantly followed by Canada (X units), committing a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to agricultural harvester exports from the United States stood at X%. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of X% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in the United States stood at X%.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, falling by X% against the previous year. In general, the export price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2019; however, from 2020 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 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 Canada (X%).

Agricultural Harvester Imports

Imports in Northern America

In 2022, the amount of agricultural harvesters imported in Northern America surged to X units, increasing by X% against 2021 figures. Total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, agricultural harvester imports surged to $X in 2022. Total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States represented the major importer of agricultural harvesters in Northern America, with the volume of imports finishing at X units, which was approx. X% of total imports in 2022. It was distantly followed by Canada (X units), generating a X% share of total imports.

The United States was also the fastest-growing in terms of the agricultural harvesters imports, with a CAGR of X% from 2012 to 2022. Canada experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United States increased by X percentage points.

In value terms, the largest agricultural harvester importing markets in Northern America were Canada ($X) and the United States ($X).

In terms of the main importing countries, the United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, falling by X% against the previous year. Over the period under review, the import price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform

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