Report Update Nov 1, 2024

Northern America - Lathes for Removing Metal - Market Analysis, Forecast, Size, Trends and Insights

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Northern America: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Northern America

The North American lathe for removing metal market rose rapidly to $X in 2021, with an increase of 5.7% against the previous year. In general, consumption, however, continues to indicate a perceptible decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Lathes For Removing Metal in Northern America

In value terms, lathe for removing metal production contracted modestly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a slight descent. The most prominent rate of growth was recorded in 2014 with an increase of 12% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Lathes For Removing Metal

Exports in Northern America

In 2021, the amount of lathes for removing metal exported in Northern America soared to X units, rising by 40% against 2020 figures. Over the period under review, exports showed a relatively flat trend pattern. The volume of export peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, lathe for removing metal exports skyrocketed to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. Over the period under review, the lafor removing metal exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, the United States (X units) was the key exporter of lathes for removing metal, mixing up 78% of total exports. It was distantly followed by Canada (X units), making up a 22% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to lathe for removing metal exports from the United States stood at -1.6%. At the same time, Canada (+14.0%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +14.0% from 2012-2021. While the share of Canada (+15 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United States (-14.8 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest lathe for removing metal supplier in Northern America, comprising 93% of total exports. The second position in the ranking was held by Canada ($X), with a 7% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States was relatively modest.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2021, remaining stable against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 26% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the export prices remained at a somewhat 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 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.5%).

Imports of Lathes For Removing Metal

Imports in Northern America

In 2021, overseas purchases of lathes for removing metal were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, lathe for removing metal imports rose significantly to $X in 2021. In general, imports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2018 with an increase of 31%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Canada (X units) and the United States (X units) represented roughly 100% of total imports in 2021.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +5.5%).

In value terms, the United States ($X) constitutes the largest market for imported lathes for removing metal in Northern America, comprising 87% of total imports. The second position in the ranking was held by Canada ($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 stood at -6.5%.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, shrinking by -30.8% against the previous year. Over the period under review, the import price recorded a abrupt descent. The pace of growth appeared the most rapid in 2017 when the import price increased by 6.1%. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-3.8%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lathes for removing metal in Northern America?

The United States constituted the country with the largest volume of lathe for removing metal consumption, comprising approx. 79% of total volume. Moreover, lathe for removing metal consumption in the United States exceeded the figures recorded by the second-largest consumer, Canada, fourfold.

What are the largest producers of lathes for removing metal in Northern America?

The United States constituted the country with the largest volume of lathe for removing metal production, comprising approx. 100% of total volume.

What are the leading suppliers of lathes for removing metal in Northern America?

In value terms, the United States remains the largest lathe for removing metal supplier in Northern America, comprising 93% of total exports. The second position in the ranking was occupied by Canada, with a 7% share of total exports.

What are the leading importers of lathes for removing metal in Northern America?

In value terms, the United States constitutes the largest market for imported lathes for removing metal in Northern America, comprising 88% of total imports. The second position in the ranking was occupied by Canada, with a 12% share of total imports.

What is the average export price for lathes for removing metal in Northern America?

The lathe for removing metal export price in Northern America stood at $33,202 per unit in 2021, approximately equating the previous year.

What is the average import price for lathes for removing metal in Northern America?

In 2021, the lathe for removing metal import price in Northern America amounted to $29,464 per unit, dropping by -11.3% against the previous year.

This report provides an in-depth analysis of the market for lathe for removing metal in Northern America. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28412123 - Numerically controlled horizontal lathes, turning centres, for removing metal
Prodcom 28412127 - Numerically controlled horizontal lathes, automatic lathes, for removing metal (excluding turning centres)
Prodcom 28412129 - Numerically controlled horizontal lathes, for removing metal (excluding turning centres, automatic lathes)
Prodcom 28412140 - Non-numerically controlled horizontal lathes, for removing metal
Prodcom 28412160 - Lathes, including turning centres, for removing metal (excluding horizontal lathes)

Country coverage:

Bermuda
Canada
Greenland
Saint Pierre and Miquelon
United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Northern America, split by region and country
Trade (exports and imports) in Northern America
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Bermuda
- Canada
- Greenland
- Saint Pierre and Miquelon
- United States
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023