Northern America: Non-Domestic Dryer Market 2024

Non-Domestic Dryer Market Size in Northern America

The North American non-domestic dryer market dropped to $X in 2021, which is down by -5.1% against the previous year. The total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.1% 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 increased by +15.0% against 2016 indices. Over the period under review, the market reached the maximum level at $X in 2020, and then fell in the following year.

Non-Domestic Dryer Production in Northern America

In value terms, non-domestic dryer production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when the production volume increased by 23%. As a result, production reached the peak level of $X, and then declined in the following year.

Non-Domestic Dryer Exports

Exports in Northern America

In 2021, overseas shipments of non-domestic dryers increased by 6.9% to X units for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 205%. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, non-domestic dryer exports soared to $X in 2021. Over the period under review, exports, however, saw a slight slump. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States was the major exporting country with an export of around X units, which amounted to 76% of total exports. It was distantly followed by Canada (X units), constituting a 24% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to non-domestic dryer exports from the United States stood at -13.1%. Canada experienced a relatively flat trend pattern. Canada (+15 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -15.3% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest non-domestic dryer supplier in Northern America, comprising 88% of total exports. The second position in the ranking was held by Canada ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States totaled -1.8%.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2021, increasing by 18% against the previous year. Overall, the export price enjoyed a prominent increase. The growth pace was the most rapid in 2016 an increase of 157%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the export prices remained at a somewhat lower figure.

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 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 (+12.9%).

Non-Domestic Dryer Imports

Imports in Northern America

For the third year in a row, Northern America recorded growth in supplies from abroad of non-domestic dryers, which increased by 7.3% to X units in 2021. The total import volume increased at an average annual rate of +5.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 25%. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, non-domestic dryer imports rose remarkably to $X in 2021. The total import value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 28%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States was the key importer of non-domestic dryers in Northern America, with the volume of imports amounting to X units, which was near 84% of total imports in 2021. It was distantly followed by Canada (X units), generating a 16% share of total imports.

The United States was also the fastest-growing in terms of the non-domestic dryers imports, with a CAGR of +6.5% from 2012 to 2021. Canada experienced a relatively flat trend pattern. While the share of the United States (+8.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-8.3 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported non-domestic dryers in Northern America, comprising 80% of total imports. The second position in the ranking was held by Canada ($X), with a 20% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States amounted to +4.8%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per unit, which is down by -2.1% against the previous year. Overall, the import price continues to indicate a mild slump. The pace of growth was the most pronounced in 2018 an increase of 15% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the import prices remained at a lower figure.

Average prices varied somewhat 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 totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.3%).

Source: IndexBox Platform

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