Northern America: Loading Machinery Market 2024

Loading Machinery Market Size in Northern America

The North American loading machinery market fell to $X in 2022, waning by -3.9% against the previous year. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Loading Machinery Production in Northern America

In value terms, loading machinery production reduced to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 12%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Loading Machinery Exports

Exports in Northern America

In 2022, the amount of lifting, handling, loading or unloading machinery exported in Northern America surged to X units, with an increase of 19% on 2021. Overall, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 61% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, loading machinery exports rose notably to $X in 2022. The total export value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 21% 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) represented the major exporter of lifting, handling, loading or unloading machinery, making up 75% of total exports. It was distantly followed by Canada (X units), creating a 25% share of total exports.

The United States was also the fastest-growing in terms of the lifting, handling, loading or unloading machinery exports, with a CAGR of +9.6% from 2012 to 2022. At the same time, Canada (+3.7%) displayed positive paces of growth. From 2012 to 2022, the share of the United States increased by +12 percentage points.

In value terms, the largest loading machinery supplying countries in Northern America were the United States ($X) and Canada ($X).

Canada, with a CAGR of +3.9%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per unit, with a decrease of -8.9% against the previous year. Over the period under review, the export price recorded a abrupt descent. The growth pace was the most rapid in 2018 an increase of 11%. 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 failed to regain momentum.

Prices varied noticeably by country of origin: 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 (+0.2%).

Loading Machinery Imports

Imports in Northern America

For the third consecutive year, Northern America recorded growth in overseas purchases of lifting, handling, loading or unloading machinery, which increased by 5.3% to X units in 2022. Overall, imports posted a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 58%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, loading machinery imports dropped slightly to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.5% 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 +21.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 26% against the previous year. As a result, imports reached the peak of $X, and then shrank modestly in the following year.

Imports by Country

The United States dominates imports structure, recording X units, which was approx. 92% of total imports in 2022. It was distantly followed by Canada (X units), generating an 8% share of total imports.

The United States was also the fastest-growing in terms of the lifting, handling, loading or unloading machinery imports, with a CAGR of +12.3% from 2012 to 2022. At the same time, Canada (+4.6%) displayed positive paces of growth. The United States (+7.1 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -7.1% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported lifting, handling, loading or unloading machinery in Northern America, comprising 87% of total imports. The second position in the ranking was taken by Canada ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +6.8%.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2022, reducing by -9% against the previous year. In general, the import price continues to indicate a noticeable downturn. The growth pace was the most rapid in 2015 an increase of 8.9%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the 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 (+0.1%).

Source: IndexBox Platform

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