Northern America: Gouges And Chisels Market 2024

Gouges And Chisels Market Size in Northern America

In 2022, the North American gouges and chisels market increased by 6.4% to $X, rising for the third year in a row after two years of decline. Overall, consumption saw a pronounced contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Gouges And Chisels Production in Northern America

In value terms, gouges and chisels production rose modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a deep contraction. The pace of growth was the most pronounced in 2020 when the production volume increased by 16%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Gouges And Chisels Exports

Exports in Northern America

In 2022, approx. X tons of planes, chisels and gouges for working wood were exported in Northern America; growing by 17% on the previous year's figure. Overall, exports, however, showed a abrupt decline. The pace of growth was the most pronounced in 2021 when exports increased by 19% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, gouges and chisels exports skyrocketed to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Canada represented the main exporting country with an export of about X tons, which finished at 65% of total exports. It was distantly followed by the United States (X tons), making up a 35% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Canada (with a CAGR of +0.0%).

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

Among the main exporting countries, Canada, with a CAGR of +6.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, standing approx. at the previous year. Overall, the export price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 when the export price increased by 35%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+19.3%).

Gouges And Chisels Imports

Imports in Northern America

In 2022, after two years of growth, there was significant decline in overseas purchases of planes, chisels and gouges for working wood, when their volume decreased by -13.2% to X tons. Total imports indicated a noticeable 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 +14.6% against 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of 32%. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, gouges and chisels imports rose slightly to $X in 2022. The total import value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 23%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X tons) was the major importer of planes, chisels and gouges for working wood, constituting 88% of total imports. It was distantly followed by Canada (X tons), committing a 12% share of total imports.

The United States was also the fastest-growing in terms of the planes, chisels and gouges for working wood imports, with a CAGR of +4.3% from 2012 to 2022. At the same time, Canada (+1.1%) displayed positive paces of growth. From 2012 to 2022, the share of the United States increased by +3.8 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported planes, chisels and gouges for working wood in Northern America, comprising 83% of total imports. The second position in the ranking was taken by Canada ($X), with a 17% share of total imports.

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

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, increasing by 17% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.0%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :