Northern America: Industrial Bakery Machinery Market 2024

Industrial Bakery Machinery Market Size in Northern America

The North American industrial bakery machinery market fell to $X in 2022, which is down by -10.6% against the previous year. In general, consumption posted a moderate increase. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Industrial Bakery Machinery Production in Northern America

In value terms, industrial bakery machinery production dropped to $X in 2022 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +5.7% against 2020 indices. The growth pace was the most rapid in 2018 when the production volume increased by 36% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Industrial Bakery Machinery Exports

Exports in Northern America

In 2022, after four years of decline, there was significant growth in overseas shipments of industrial bakery machinery, when their volume increased by 22% to X units. Over the period under review, exports, however, saw a slight decline. The pace of growth was the most pronounced in 2014 when exports increased by 33% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, industrial bakery machinery exports expanded markedly to $X in 2022. The total export value increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 16% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, the United States (X units) and Canada (X units) was the main exporter of industrial bakery machinery in Northern America, creating 99.9% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Canada (with a CAGR of +4.1%).

In value terms, the United States ($X) remains the largest industrial bakery machinery supplier in Northern America, comprising 75% of total exports. The second position in the ranking was taken by Canada ($X), with a 25% share of total exports.

In the United States, industrial bakery machinery exports increased at an average annual rate of +3.3% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, with a decrease of -8.3% against the previous year. Overall, the export price, however, showed a strong increase. The pace of growth was the most pronounced in 2020 an increase of 54%. The level of export peaked at $X per unit in 2021, and then dropped in the following year.

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 the United States (+8.1%).

Industrial Bakery Machinery Imports

Imports in Northern America

In 2022, industrial bakery machinery imports in Northern America expanded rapidly to X units, with an increase of 14% compared with the previous year. In general, imports recorded a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 82%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, industrial bakery machinery imports fell to $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.3% 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 +49.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 52%. As a result, imports attained the peak of $X, and then declined slightly in the following year.

Imports by Country

The United States was the key importing country with an import of around X units, which reached 83% of total imports. It was distantly followed by Canada (X units), comprising a 17% share of total imports.

The United States was also the fastest-growing in terms of the industrial bakery machinery imports, with a CAGR of +13.5% from 2012 to 2022. At the same time, Canada (+11.9%) displayed positive paces of growth. While the share of the United States (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-2.1 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported industrial bakery machinery in Northern America, comprising 72% of total imports. The second position in the ranking was taken by Canada ($X), with a 28% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +6.1%.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2022, declining by -14.3% against the previous year. In general, the import price showed a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 7.9% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the import prices remained 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 Canada ($X per unit), while the United States amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (-0.5%).

Source: IndexBox Platform

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