Northern America: Personal Weighing Machine Market 2024

Personal Weighing Machine Market Size in Northern America

In 2022, the North American personal weighing machine market decreased by -11.4% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Personal Weighing Machine Production in Northern America

In value terms, personal weighing machine production amounted to $X in 2022 estimated in export price. In general, production, however, saw a abrupt setback. The pace of growth was the most pronounced in 2016 with an increase of 110% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Personal Weighing Machine Exports

Exports in Northern America

For the fourth consecutive year, Northern America recorded growth in shipments abroad of personal weighing machines, which increased by 22% to X units in 2022. Over the period under review, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 32%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, personal weighing machine exports soared to $X in 2022. In general, exports saw a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States was the main exporting country with an export of about X units, which resulted at 73% of total exports. It was distantly followed by Canada (X units), committing a 27% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to personal weighing machine exports from the United States stood at +9.5%. At the same time, Canada (+12.2%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +12.2% from 2012-2022. Canada (+4.5 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -4.5% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest personal weighing machine supplier in Northern America, comprising 93% of total exports. The second position in the ranking was taken by Canada ($X), with a 6.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States stood at +9.3%.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, with an increase of 42% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices 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 (+0.7%).

Personal Weighing Machine Imports

Imports in Northern America

In 2022, supplies from abroad of personal weighing machines decreased by -9.9% to X units for the first time since 2017, thus ending a four-year rising trend. Total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +4.2% 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 +42.6% against 2017 indices. The growth pace was the most rapid in 2020 with an increase of 29%. Over the period under review, imports reached the peak figure at X units in 2021, and then fell in the following year.

In value terms, personal weighing machine imports shrank to $X in 2022. The total import value increased at an average annual rate of +3.4% from 2012 to 2022; however, 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 21% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

The United States dominates imports structure, recording X units, which was approx. 94% of total imports in 2022. It was distantly followed by Canada (X units), making up a 5.7% share of total imports.

The United States was also the fastest-growing in terms of the personal weighing machines imports, with a CAGR of +4.4% from 2012 to 2022. At the same time, Canada (+1.4%) displayed positive paces of growth. While the share of the United States (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-1.8 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported personal weighing machines in Northern America, comprising 94% of total imports. The second position in the ranking was taken by Canada ($X), with a 6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +3.6%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, therefore, remained relatively stable against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 9.7%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the import prices remained at a somewhat lower figure.

Average prices varied noticeably 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 Canada (-0.7%).

Source: IndexBox Platform

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