Northern America: Manostat Market 2024

Manostat Market Size in Northern America

In 2022, the North American manostat market increased by 3.8% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, recorded a slight descent. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Manostat Production in Northern America

In value terms, manostat production contracted modestly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 15% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Manostat Exports

Exports in Northern America

Manostat exports stood at X units in 2022, picking up by 7.2% against the previous year's figure. In general, exports, however, continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2018 with an increase of 25%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, manostat exports surged to $X in 2022. Total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +19.5% against 2019 indices. The pace of growth was the most pronounced in 2013 when exports increased by 71% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

In 2022, the United States (X units) represented the largest exporter of manostats in Northern America, generating 99% of total export.

The United States was also the fastest-growing in terms of the manostats exports, with a CAGR of -3.0% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest manostat supplier in Northern America.

In the United States, manostat exports expanded at an average annual rate of +7.9% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, growing by 12% against the previous year. Export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +10.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, manostat export price increased by +20.6% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the export price increased by 95% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +11.2% per year.

Manostat Imports

Imports in Northern America

In 2022, supplies from abroad of manostats increased by 75% to X units, rising for the second consecutive year after three years of decline. Overall, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, manostat imports soared to $X in 2022. Total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.7% 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 +102.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States prevails in imports structure, recording X units, which was near 96% of total imports in 2022. Canada (X units) followed a long way behind the leaders.

The United States experienced a relatively flat trend pattern with regard to volume of imports of manostats. At the same time, Canada (+1.2%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +1.2% from 2012-2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported manostats in Northern America, comprising 94% of total imports. The second position in the ranking was taken by Canada ($X), with a 6.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to +7.0%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, waning by -7.9% against the previous year. Import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, manostat import price increased by +83.6% against 2012 indices. The pace of growth appeared the most rapid in 2019 when the import price increased by 16% against the previous year. The level of import peaked at $X per unit in 2021, and then dropped in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, 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 the United States (+6.6%).

Source: IndexBox Platform

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