Northern America: Market for Mechanical Appliances For Projecting, Dispersing Or Spraying 2024

Market Size for Mechanical Appliances For Projecting, Dispersing Or Spraying in Northern America

The North American market for mechanical appliances for projecting, dispersing or spraying reduced to $X in 2022, which is down by -14.8% against the previous year. In general, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2021, and then reduced in the following year.

Production of Mechanical Appliances For Projecting, Dispersing Or Spraying in Northern America

In value terms, production of mechanical appliances for projecting, dispersing or spraying fell sharply to $X in 2022 estimated in export price. Overall, production showed a deep setback. The most prominent rate of growth was recorded in 2021 when the production volume increased by 963% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports in Northern America

In 2022, approx. X units of mechanical appliances for projecting, dispersing or spraying were exported in Northern America; increasing by 13% against the year before. Overall, exports, however, showed a slight shrinkage. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying stood at $X in 2022. The total export value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when exports increased by 19% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

The United States represented the key exporting country with an export of around X units, which finished at 79% of total exports. It was distantly followed by Canada (X units), making up a 21% share of total exports.

Exports from the United States decreased at an average annual rate of -2.3% from 2012 to 2022. At the same time, Canada (+5.9%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +5.9% from 2012-2022. From 2012 to 2022, the share of Canada increased by +11 percentage points.

In value terms, the United States ($X) remains the largest mechanical appliances for projecting, dispersing or spraying supplier in Northern America, comprising 83% of total exports. The second position in the ranking was taken by Canada ($X), with a 17% share of total exports.

In the United States, exports of mechanical appliances for projecting, dispersing or spraying remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, flattening at the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2015 an increase of 22%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada 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 (+3.4%).

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports in Northern America

In 2022, after two years of growth, there was significant decline in supplies from abroad of mechanical appliances for projecting, dispersing or spraying, when their volume decreased by -6.4% to X units. Overall, imports, however, posted strong growth. The pace of growth was the most pronounced in 2020 when imports increased by 85% against the previous year. The volume of import peaked at X units in 2021, and then shrank in the following year.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying reduced to $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -11.7% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 45% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

The United States was the largest importer of mechanical appliances for projecting, dispersing or spraying in Northern America, with the volume of imports recording X units, which was approx. 89% of total imports in 2022. It was distantly followed by Canada (X units), making up an 11% share of total imports.

The United States was also the fastest-growing in terms of the mechanical appliances for projecting, dispersing or spraying imports, with a CAGR of +8.3% from 2012 to 2022. At the same time, Canada (+4.0%) displayed positive paces of growth. From 2012 to 2022, the share of the United States increased by +4.7 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported mechanical appliances for projecting, dispersing or spraying in Northern America, comprising 81% of total imports. The second position in the ranking was held by Canada ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to +3.4%.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2022, with an increase of 6.4% against the previous year. Overall, the import price, however, saw a perceptible reduction. The pace of growth appeared the most rapid in 2015 an increase of 11% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: 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 Canada (+1.5%).

Source: IndexBox Platform

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