Northern America: Public Works Machinery Market 2024

Public Works Machinery Market Size in Northern America

The North American public works machinery market skyrocketed to $X in 2021, increasing by 51% against the previous year. The total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -1.9% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Public Works Machinery Production in Northern America

In value terms, public works machinery production soared to $X in 2021 estimated in export price. Over the period under review, production, however, showed a pronounced decline. 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.

Public Works Machinery Exports

Exports in Northern America

In 2021, overseas shipments of machinery for public works and building were finally on the rise to reach X units after two years of decline. Over the period under review, exports, however, showed a pronounced decrease. The pace of growth appeared the most rapid in 2017 with an increase of 25% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, public works machinery exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a perceptible slump. The pace of growth was the most pronounced in 2017 with an increase of 16% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States dominates exports structure, resulting at X units, which was near 93% of total exports in 2021. It was distantly followed by Canada (X units), mixing up a 7.2% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to public works machinery exports from the United States stood at -4.6%. At the same time, Canada (+7.4%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +7.4% from 2012-2021. Canada (+4.6 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -4.6% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest public works machinery supplier in Northern America, comprising 90% of total exports. The second position in the ranking was held by Canada ($X), with a 10% share of total exports.

In the United States, public works machinery exports contracted by an average annual rate of -4.4% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2021, increasing by 5.8% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 26%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the United States 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 (+0.2%).

Public Works Machinery Imports

Imports in Northern America

In 2021, approx. X units of machinery for public works and building were imported in Northern America; increasing by 38% on 2020 figures. Over the period under review, imports posted a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, public works machinery imports skyrocketed to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value 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. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X units) was the largest importer of machinery for public works and building, generating 76% of total imports. It was distantly followed by Canada (X units), achieving a 24% share of total imports.

The United States was also the fastest-growing in terms of the machinery for public works and building imports, with a CAGR of +11.4% from 2012 to 2021. At the same time, Canada (+9.9%) displayed positive paces of growth. The United States (+2.5 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -2.4% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported machinery for public works and building in Northern America, comprising 74% of total imports. The second position in the ranking was taken by Canada ($X), with a 26% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States totaled +8.5%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per unit, falling by -1.7% against the previous year. In general, the import price continues to indicate a pronounced decrease. The growth pace was the most rapid in 2016 an increase of 21%. Over the period under review, import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by the United States (-2.6%).

Source: IndexBox Platform

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