Northern America: Hydraulic Press Market 2024

Hydraulic Press Market Size in Northern America

After two years of growth, the North American hydraulic press market decreased by -1.3% to $X in 2022. In general, consumption, however, enjoyed resilient growth. Over the period under review, the market reached the maximum level at $X in 2021, and then contracted slightly in the following year.

Hydraulic Press Production in Northern America

In value terms, hydraulic press production expanded markedly to $X in 2022 estimated in export price. Overall, production saw a remarkable increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 84%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Hydraulic Press Exports

Exports in Northern America

In 2022, the amount of hydraulic presses for working metal exported in Northern America declined dramatically to X units, waning by -34% against the previous year's figure. Over the period under review, exports showed a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 78%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, hydraulic press exports contracted sharply to $X in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 129%. As a result, the exports attained the peak of $X, and then plummeted in the following year.

Exports by Country

The United States was the major exporter of hydraulic presses for working metal in Northern America, with the volume of exports reaching X units, which was near 68% of total exports in 2022. It was distantly followed by Canada (X units), creating a 32% share of total exports.

The United States was also the fastest-growing in terms of the hydraulic presses for working metal exports, with a CAGR of -1.9% from 2012 to 2022. Canada (-10.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States increased by +23 percentage points.

In value terms, the United States ($X) remains the largest hydraulic press supplier in Northern America, comprising 68% of total exports. The second position in the ranking was held by Canada ($X), with a 32% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States totaled -2.3%.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, picking up by 8.9% against the previous year. Export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hydraulic press export price increased by +55.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 35% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, 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 (+19.1%).

Hydraulic Press Imports

Imports in Northern America

In 2022, imports of hydraulic presses for working metal in Northern America reduced remarkably to X units, with a decrease of -34.7% against the year before. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 157%. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, hydraulic press imports dropped to $X in 2022. Over the period under review, imports continue to indicate a mild reduction. The pace of growth appeared the most rapid in 2017 with an increase of 46% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Canada represented the key importing country with an import of around X units, which reached 65% of total imports. It was distantly followed by the United States (X units), making up a 35% share of total imports.

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 +3.8%).

In value terms, the United States ($X) constitutes the largest market for imported hydraulic presses for working metal in Northern America, comprising 88% of total imports. The second position in the ranking was taken by Canada ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States was relatively modest.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, rising by 42% against the previous year. Over the period under review, the import price, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2016 an increase of 121% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while Canada stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.7%).

Source: IndexBox Platform

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