Northern America: Finishing Paper Machinery Market 2024

Finishing Paper Machinery Market Size in Northern America

The North American finishing paper machinery market soared to $X in 2021, growing by 74% against the previous year. Overall, consumption, however, continues to indicate a pronounced curtailment. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Finishing Paper Machinery Production in Northern America

In value terms, finishing paper machinery production reduced to $X in 2021 estimated in export price. Overall, production showed a strong expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 14%. Over the period under review, production reached the peak level at $X in 2020, and then contracted slightly in the following year.

Finishing Paper Machinery Exports

Exports in Northern America

After two years of decline, shipments abroad of machinery for finishing paper or paperboard increased by 18% to X units in 2021. In general, exports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 29%. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, finishing paper machinery exports skyrocketed to $X in 2021. Overall, exports, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2020 when exports increased by 50% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Canada (X units), followed by the United States (X units) were the main exporters of machinery for finishing paper or paperboard, together creating 100% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Canada (with a CAGR of +5.2%).

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

Canada, with a CAGR of +8.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per unit, increasing by 4.7% against the previous year. Overall, the export price showed a resilient increase. The growth pace was the most rapid in 2020 when the export price increased by 70%. The level of export peaked in 2021 and is likely to continue growth in years to come.

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 amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+11.9%).

Finishing Paper Machinery Imports

Imports in Northern America

In 2021, supplies from abroad of machinery for finishing paper or paperboard increased by 68% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 150% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, finishing paper machinery imports surged to $X in 2021. Overall, imports saw a slight expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 127%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

The United States was the largest importer of machinery for finishing paper or paperboard in Northern America, with the volume of imports reaching X units, which was approx. 78% of total imports in 2021. It was distantly followed by Canada (X units), mixing up a 22% share of total imports.

Imports into the United States decreased at an average annual rate of -10.1% from 2012 to 2021. At the same time, Canada (+5.6%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +5.6% from 2012-2021. Canada (+16 p.p.) significantly strengthened its position in terms of the total imports, while the United States saw its share reduced by -15.8% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported machinery for finishing paper or paperboard in Northern America, comprising 92% of total imports. The second position in the ranking was held by Canada ($X), with an 8.4% share of total imports.

In the United States, finishing paper machinery imports expanded at an average annual rate of +1.1% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, which is down by -18.4% against the previous year. Over the period under review, the import price, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2020 when the import price increased by 185% against the previous year. As a result, import price attained the peak level of $X per unit, and then contracted rapidly in the following year.

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 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 (+12.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :