Northern America: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Northern America

In 2021, the North American machine-tool for working wood market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Machine-Tools For Working Wood in Northern America

In value terms, machine-tool for working wood production stood at $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 6.5%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Machine-Tools For Working Wood

Exports in Northern America

In 2021, overseas shipments of machine-tools for working wood increased by 31% to X tons for the first time since 2014, thus ending a six-year declining trend. Over the period under review, exports, however, showed a mild slump. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, machine-tool for working wood exports surged to $X in 2021. Overall, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from the United States (X tons) and Canada (X tons), together amounting to 99.9% of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Canada (with a CAGR of +4.6%).

In value terms, the largest machine-tool for working wood supplying countries in Northern America were the United States ($X) and Canada ($X).

Among the main exporting countries, Canada, with a CAGR of +5.5%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, with an increase of 5.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2015 when the export price increased by 6.5%. Over the period under review, the export prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.3%).

Imports of Machine-Tools For Working Wood

Imports in Northern America

Machine-tool for working wood imports skyrocketed to X tons in 2021, rising by 28% on the year before. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for working wood imports surged to $X in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States was the major importing country with an import of about X tons, which finished at 80% of total imports. It was distantly followed by Canada (X tons), committing a 20% share of total imports.

The United States was also the fastest-growing in terms of the machine-tools for working wood imports, with a CAGR of +8.7% from 2012 to 2021. At the same time, Canada (+7.3%) displayed positive paces of growth. While the share of the United States (+2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-2 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported machine-tools for working wood in Northern America, comprising 82% of total imports. The second position in the ranking was taken by Canada ($X), with an 18% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States amounted to +8.1%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 6.6%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.5%).

Source: IndexBox Platform

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