Northern America: Market for Spray Guns And Similar Appliances 2024

Market Size for Spray Guns And Similar Appliances in Northern America

After six years of growth, the North American market for spray guns and similar appliances decreased by -17.8% to $X in 2022. The total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2021, and then fell significantly in the following year.

Production of Spray Guns And Similar Appliances in Northern America

In value terms, spray guns and similar appliances production dropped markedly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 721%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Spray Guns And Similar Appliances

Exports in Northern America

In 2022, spray guns and similar appliances exports in Northern America skyrocketed to X units, increasing by 16% compared with the year before. Overall, exports, however, continue to indicate a abrupt downturn. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, spray guns and similar appliances exports expanded sharply to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 20%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, the United States (X units) represented the key exporter of spray guns and similar appliances, generating 77% of total exports. It was distantly followed by Canada (X units), constituting a 23% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to spray guns and similar appliances exports from the United States stood at -9.1%. At the same time, Canada (+12.5%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +12.5% from 2012-2022. Canada (+20 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -19.9% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest spray guns and similar appliances supplier in Northern America, comprising 89% of total exports. The second position in the ranking was taken by Canada ($X), with an 11% 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

In 2022, the export price in Northern America amounted to $X per unit, which is down by -2% against the previous year. Overall, the export price, however, posted buoyant growth. The pace of growth was the most pronounced in 2020 an increase of 81%. Over the period under review, the export prices hit record highs at $X per unit in 2021, and then declined modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.9%).

Imports of Spray Guns And Similar Appliances

Imports in Northern America

In 2022, supplies from abroad of spray guns and similar appliances increased by 4.2% to X units, rising for the sixth year in a row after two years of decline. In general, imports posted strong growth. The growth pace was the most rapid in 2020 when imports increased by 92% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, spray guns and similar appliances imports reduced notably to $X in 2022. Total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -26.5% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 39%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States prevails in imports structure, accounting for X units, which was approx. 92% of total imports in 2022. It was distantly followed by Canada (X units), constituting a 7.7% share of total imports.

The United States was also the fastest-growing in terms of the spray guns and similar appliances imports, with a CAGR of +13.1% from 2012 to 2022. Canada experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United States increased by +14 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported spray guns and similar appliances in Northern America, comprising 79% of total imports. The second position in the ranking was held by Canada ($X), with a 21% share of total imports.

In the United States, spray guns and similar appliances imports increased at an average annual rate of +3.2% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, falling by -24.4% against the previous year. In general, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of 5.5%. Over the period under review, import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices 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 totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.3%).

Source: IndexBox Platform

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