Northern America: Remote Control Apparatus Market 2024

Remote Control Apparatus Market Size in Northern America

For the fifth consecutive year, the North American remote control apparatus market recorded growth in sales value, which increased by 27% to $X in 2021. The total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +92.4% against 2014 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Remote Control Apparatus Production in Northern America

In value terms, remote control apparatus production reduced markedly to $X in 2021 estimated in export price. In general, production saw a dramatic contraction. The growth pace was the most rapid in 2016 with an increase of 4.5%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Remote Control Apparatus Exports

Exports in Northern America

In 2021, overseas shipments of radio remote control apparatus increased by 12% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, showed a pronounced setback. The pace of growth was the most pronounced in 2013 with an increase of 30%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, remote control apparatus exports expanded sharply to $X in 2021. Total exports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -22.3% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 32% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The United States dominates exports structure, amounting to X tons, which was near 91% of total exports in 2021. It was distantly followed by Canada (X tons), committing a 9% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to remote control apparatus exports from the United States stood at -2.1%. Canada experienced a relatively flat trend pattern. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest remote control apparatus supplier in Northern America, comprising 94% of total exports. The second position in the ranking was held by Canada ($X), with a 5.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States amounted to +4.4%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, reducing by -3.6% against the previous year. Export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, remote control apparatus export price increased by +72.1% against 2012 indices. The pace of growth appeared the most rapid in 2020 an increase of 24%. As a result, the export price attained the peak level of $X per ton, and then fell slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.6%).

Remote Control Apparatus Imports

Imports in Northern America

For the fifth year in a row, Northern America recorded growth in overseas purchases of radio remote control apparatus, which increased by 42% to X tons in 2021. In general, imports recorded a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, remote control apparatus imports soared to $X in 2021. Over the period under review, imports recorded a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of 23%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

The United States prevails in imports structure, reaching X tons, which was near 94% of total imports in 2021. It was distantly followed by Canada (X tons), committing a 5.9% share of total imports.

The United States was also the fastest-growing in terms of the radio remote control apparatus imports, with a CAGR of +16.7% from 2012 to 2021. At the same time, Canada (+1.4%) displayed positive paces of growth. From 2012 to 2021, the share of the United States increased by +12 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported radio remote control apparatus in Northern America, comprising 90% of total imports. The second position in the ranking was held by Canada ($X), with a 9.6% share of total imports.

In the United States, remote control apparatus imports expanded at an average annual rate of +10.3% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, declining by -16.5% against the previous year. Over the period under review, the import price saw a abrupt decrease. The growth pace was the most rapid in 2018 an increase of 11%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-0.8%).

Source: IndexBox Platform

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