Northern America: Market for Non-Numerically Controlled Sharpening Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Sharpening Machines For Working Metal in Northern America

The North American non-numerically controlled sharpening machine market rose markedly to $X in 2022, surging by 7.4% against the previous year. Over the period under review, consumption continues to indicate a strong increase. The level of consumption peaked in 2022 and is likely to continue growth in the immediate term.

Production of Non-Numerically Controlled Sharpening Machines For Working Metal in Northern America

In value terms, non-numerically controlled sharpening machine production rose significantly to $X in 2022 estimated in export price. In general, production continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by 75% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports in Northern America

In 2022, overseas shipments of non-numerically controlled sharpening machines for working metal decreased by -19.8% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports recorded a mild descent. The most prominent rate of growth was recorded in 2021 with an increase of 46%. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, non-numerically controlled sharpening machine exports rose significantly to $X in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 45%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) represented roughly 99% of total exports in 2022.

The United States was also the fastest-growing in terms of the non-numerically controlled sharpening machines for working metal exports, with a CAGR of -1.5% 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 non-numerically controlled sharpening machine supplier in Northern America.

In the United States, non-numerically controlled sharpening machine exports 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, picking up by 38% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 +1.3% per year.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports in Northern America

In 2022, after two years of growth, there was significant decline in supplies from abroad of non-numerically controlled sharpening machines for working metal, when their volume decreased by -7.3% to X units. Overall, imports continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, non-numerically controlled sharpening machine imports rose notably to $X in 2022. The total import value increased at an average annual rate of +3.9% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 47%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X units) was the key importer of non-numerically controlled sharpening machines for working metal, generating 70% of total imports. It was distantly followed by Canada (X units), mixing up a 30% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to non-numerically controlled sharpening machine imports into the United States stood at -2.9%. At the same time, Canada (+4.2%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +4.2% from 2012-2022. While the share of Canada (+12 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United States (-12.4 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported non-numerically controlled sharpening machines for working metal in Northern America, comprising 73% of total imports. The second position in the ranking was held by Canada ($X), with a 26% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +3.1%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, increasing by 16% against the previous year. Import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-numerically controlled sharpening machine import price increased by +14.9% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the import price increased by 22% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while Canada totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.2%).

Source: IndexBox Platform

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