Northern America: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in Northern America

In 2022, the North American sugar-manufacturing industrial machinery market decreased by -6.9% to $X, falling for the second consecutive year after three years of growth. Overall, consumption, however, continues to indicate perceptible growth. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Sugar-Manufacturing Industrial Machinery Production in Northern America

In value terms, sugar-manufacturing industrial machinery production expanded modestly to $X in 2022 estimated in export price. The total production indicated moderate growth 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 decreased by -3.3% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 38%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Sugar-Manufacturing Industrial Machinery Exports

Exports in Northern America

In 2022, overseas shipments of industrial machinery for the manufacture or preparation of sugar decreased by -6.3% to X units, falling for the third consecutive year after three years of growth. Over the period under review, exports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by 101% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, sugar-manufacturing industrial machinery exports expanded sharply to $X in 2022. Overall, exports faced a abrupt slump. The most prominent rate of growth was recorded in 2019 when exports increased by 131%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States represented the largest exporter of industrial machinery for the manufacture or preparation of sugar in Northern America, with the volume of exports recording X units, which was approx. 67% of total exports in 2022. It was distantly followed by Canada (X units), creating a 33% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sugar-manufacturing industrial machinery exports from the United States stood at -20.3%. At the same time, Canada (+4.6%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +4.6% from 2012-2022. Canada (+30 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -29.5% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest sugar-manufacturing industrial machinery supplier in Northern America, comprising 90% of total exports. The second position in the ranking was held by Canada ($X), with a 10% share of total exports.

In the United States, sugar-manufacturing industrial machinery exports declined by an average annual rate of -11.9% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, increasing by 15% against the previous year. Overall, the export price saw a resilient expansion. The pace of growth was the most pronounced in 2019 an increase of 60%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 (+10.5%).

Sugar-Manufacturing Industrial Machinery Imports

Imports in Northern America

In 2022, purchases abroad of industrial machinery for the manufacture or preparation of sugar decreased by -26.4% to X units, falling for the second year in a row after three years of growth. Overall, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2014 with an increase of 185%. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, sugar-manufacturing industrial machinery imports surged to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 414% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

The United States represented the largest importing country with an import of around X units, which reached 59% of total imports. It was distantly followed by Canada (X units), mixing up a 41% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +22.5%).

In value terms, the United States ($X) and Canada ($X) constituted the countries with the highest levels of imports in 2022.

In terms of the main importing countries, Canada, with a CAGR of +29.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2022, increasing by 60% against the previous year. Import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the import price increased by 80% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices remained at a lower figure.

Average prices varied noticeably 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 (+6.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :