Northern America: Pile-Driver Market 2024

Pile-Driver Market Size in Northern America

In 2021, after three years of growth, there was significant decline in the North American pile-driver market, when its value decreased by -6.1% to $X. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020, and then shrank in the following year.

Pile-Driver Production in Northern America

In value terms, pile-driver production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 35%. As a result, production attained the peak level of $X, and then reduced in the following year.

Pile-Driver Exports

Exports in Northern America

In 2021, the amount of pile-drivers and pile-extractors exported in Northern America dropped notably to X units, with a decrease of -26.4% compared with the previous year's figure. Over the period under review, exports showed a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of 14% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, pile-driver exports contracted rapidly to $X in 2021. In general, exports showed a pronounced reduction. The most prominent rate of growth was recorded in 2016 with an increase of 48% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States represented the major exporter of pile-drivers and pile-extractors in Northern America, with the volume of exports recording X units, which was near 73% of total exports in 2021. It was distantly followed by Canada (X units), committing a 27% share of total exports.

The United States was also the fastest-growing in terms of the pile-drivers and pile-extractors exports, with a CAGR of -6.2% from 2012 to 2021. Canada (-8.3%) illustrated a downward trend over the same period. The United States (+4.2 p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by -4.2% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest pile-driver supplier in Northern America, comprising 76% of total exports. The second position in the ranking was taken by Canada ($X), with a 24% share of total exports.

In the United States, pile-driver exports plunged by an average annual rate of -4.7% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2021, rising by 5.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.4%. The pace of growth appeared the most rapid in 2016 when the export price increased by 48% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per unit), while Canada amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+9.8%).

Pile-Driver Imports

Imports in Northern America

In 2021, supplies from abroad of pile-drivers and pile-extractors decreased by -15.3% to X units for the first time since 2018, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +1.3% over the period 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 2019 when imports increased by 23% against the previous year. The volume of import peaked at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, pile-driver imports reduced to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 29% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United States (X units) represented the main importer of pile-drivers and pile-extractors, mixing up 86% of total imports. It was distantly followed by Canada (X units), mixing up a 14% share of total imports.

The United States was also the fastest-growing in terms of the pile-drivers and pile-extractors imports, with a CAGR of +3.0% from 2012 to 2021. Canada (-5.7%) illustrated a downward trend over the same period. The United States (+12 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -12.3% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported pile-drivers and pile-extractors in Northern America, comprising 69% of total imports. The second position in the ranking was taken by Canada ($X), with a 31% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States amounted to +2.9%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per unit, increasing by 6.6% against the previous year. In general, the import price, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2018 an increase of 29%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per unit), while the United States amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.1%).

Source: IndexBox Platform

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