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

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

In 2022, the North American numerically controlled sharpening machine market increased by 16% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, numerically controlled sharpening machine production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the production volume increased by 9.1% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Numerically Controlled Sharpening Machines For Working Metal

Exports in Northern America

In 2022, the amount of numerically controlled sharpening machines for working metal exported in Northern America soared to X units, surging by 50% compared with 2021 figures. Total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +7.4% 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 +56.3% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 64%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, numerically controlled sharpening machine exports skyrocketed to $X in 2022. Total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +71.5% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 48%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the United States (X units) represented the largest exporter of numerically controlled sharpening machines for working metal, constituting 61% of total exports. It was distantly followed by Canada (X units), comprising a 39% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +22.6%).

In value terms, the United States ($X) and Canada ($X) were the countries with the highest levels of exports in 2022.

Canada, with a CAGR of +34.4%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, reducing by -5.9% against the previous year. Overall, the export price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2016 when the export price increased by 46%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably 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 totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+9.6%).

Imports of Numerically Controlled Sharpening Machines For Working Metal

Imports in Northern America

In 2022, purchases abroad of numerically controlled sharpening machines for working metal increased by 2% to X units, rising for the second consecutive year after two years of decline. Total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +3.8% 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 +55.6% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 91% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, numerically controlled sharpening machine imports surged to $X in 2022. Total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 +105.7% 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 91% of total imports in 2022. It was distantly followed by Canada (X units), making up an 8.2% share of total imports.

Imports into the United States increased at an average annual rate of +3.4% from 2012 to 2022. At the same time, Canada (+8.7%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +8.7% from 2012-2022. Canada (+3 p.p.) significantly strengthened its position in terms of the total imports, while the United States saw its share reduced by -3.7% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported numerically controlled sharpening machines for working metal in Northern America, comprising 94% of total imports. The second position in the ranking was taken by Canada ($X), with a 5.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +3.2%.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2022, increasing by 74% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat 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 amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.2%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :