Northern America: Market for Pulley Tackle And Hoists Powered By An Electric Motor 2024

Market Size for Pulley Tackle And Hoists Powered By An Electric Motor in Northern America

The North American market for pulley tackle and hoists powered by an electric motor rose sharply to $X in 2022, with an increase of 8.1% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Pulley Tackle And Hoists Powered By An Electric Motor in Northern America

In value terms, production of pulley tackle and hoists powered by an electric motor totaled $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume increased by 100% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Pulley Tackle And Hoists Powered By An Electric Motor

Exports in Northern America

In 2022, exports of pulley tackle and hoists powered by an electric motor in Northern America expanded significantly to X units, surging by 10% against the previous year's figure. Over the period under review, exports, however, faced a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by 35% against the previous year. Over the period under review, the exports of reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of pulley tackle and hoists powered by an electric motor expanded notably to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 43%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

In 2022, the United States (X units) represented the largest exporter of pulley tackle and hoists powered by an electric motor, committing 73% of total exports. It was distantly followed by Canada (X units), constituting a 27% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of pulley tackle and hoists powered by an electric motor. Canada (-19.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States increased by +49 percentage points.

In value terms, the United States ($X) remains the largest pulley tackle and hoists powered by an electric motor supplier in Northern America, comprising 93% of total exports. The second position in the ranking was taken by Canada ($X), with a 7.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States was relatively modest.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, stabilizing at the previous year. Overall, the export price, however, continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2015 an increase of 88% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+24.1%).

Imports of Pulley Tackle And Hoists Powered By An Electric Motor

Imports in Northern America

In 2022, approx. X units of pulley tackle and hoists powered by an electric motor were imported in Northern America; growing by 2.5% against the year before. In general, imports, however, saw a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 16%. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of pulley tackle and hoists powered by an electric motor rose notably to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 28% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, Canada (X units) and the United States (X units) was the main importer of pulley tackle and hoists powered by an electric motor in Northern America, constituting 99.9% of total import.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +2.6%).

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

Canada, with a CAGR of +0.4%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2022, growing by 11% against the previous year. Import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for pulley tackle and hoists powered by an electric motor decreased by -8.5% against 2019 indices. The growth pace was the most rapid in 2019 when the import price increased by 23% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: 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 (+10.0%).

Source: IndexBox Platform

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