Northern America: Filling Containers Machinery Market 2024

Filling Containers Machinery Exports

Exports in Northern America

In 2021, the amount of machinery for filling, closing, sealing, capsuling or labelling containers exported in Northern America dropped slightly to X units, with a decrease of -3.9% compared with the previous year. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 25% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, filling containers machinery exports expanded markedly to $X in 2021. The total export value increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 11%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

In 2021, the United States (X units) represented the major exporter of machinery for filling, closing, sealing, capsuling or labelling containers, making up 84% of total exports. It was distantly followed by Canada (X units), committing a 16% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of machinery for filling, closing, sealing, capsuling or labelling containers. At the same time, Canada (+16.3%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +16.3% from 2012-2021. From 2012 to 2021, the share of Canada increased by +11 percentage points.

In value terms, the United States ($X) and Canada ($X) constituted the countries with the highest levels of exports in 2021.

Among the main exporting countries, Canada, with a CAGR of +5.0%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2021, picking up by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2015 when the export price increased by 17% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Canada ($X per unit), while the United States stood at $X per unit.

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

Filling Containers Machinery Imports

Imports in Northern America

In 2021, supplies from abroad of machinery for filling, closing, sealing, capsuling or labelling containers increased by 13% to X units, rising for the second year in a row after three years of decline. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +77.6% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 57% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, filling containers machinery imports rose notably to $X in 2021. The total import value increased at an average annual rate of +4.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 21% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Imports by Country

The United States represented the key importing country with an import of about X units, which recorded 70% of total imports. It was distantly followed by Canada (X units), achieving a 30% share of total imports.

Imports into the United States increased at an average annual rate of +7.2% from 2012 to 2021. At the same time, Canada (+8.3%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +8.3% from 2012-2021. From 2012 to 2021, the share of Canada increased by +1.8 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported machinery for filling, closing, sealing, capsuling or labelling containers in Northern America, comprising 83% of total imports. The second position in the ranking was taken by Canada ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States amounted to +4.5%.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, remaining constant against the previous year. In general, the import price, however, showed a perceptible setback. The pace of growth was the most pronounced in 2017 an increase of 37%. The level of import peaked at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the United States ($X per unit), while Canada amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-1.8%).

Source: IndexBox Platform

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