Northern America: Tamping Machinery Market 2024

Tamping Machinery Market Size in Northern America

The North American tamping machinery market totaled $X in 2021, therefore, remained relatively stable against the previous year. In general, consumption recorded a strong increase. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the immediate term.

Tamping Machinery Production in Northern America

In value terms, tamping machinery production shrank to $X in 2021 estimated in export price. In general, production, however, showed a resilient increase. The pace of growth appeared the most rapid in 2018 with an increase of 39% against the previous year. The level of production peaked at $X in 2020, and then contracted in the following year.

Tamping Machinery Exports

Exports in Northern America

In 2021, overseas shipments of tamping or compacting machinery increased by 83% to X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, showed a abrupt descent. The volume of export peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, tamping machinery exports skyrocketed to $X in 2021. In general, exports, however, recorded a abrupt decrease. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States was the main exporter of tamping or compacting machinery in Northern America, with the volume of exports accounting for X units, which was approx. 90% of total exports in 2021. It was distantly followed by Canada (X units), committing a 10% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to tamping machinery exports from the United States stood at -12.8%. Canada experienced a relatively flat trend pattern. While the share of Canada (+7.2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United States (-7.2 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest tamping machinery supplier in Northern America, comprising 90% of total exports. The second position in the ranking was taken by Canada ($X), with a 10% share of total exports.

In the United States, tamping machinery exports contracted by an average annual rate of -10.7% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per unit, dropping by -14.4% against the previous year. Export price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 an increase of 42% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2020, and then shrank in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.5%).

Tamping Machinery Imports

Imports in Northern America

In 2021, the amount of tamping or compacting machinery imported in Northern America surged to X units, growing by 50% compared with 2020. In general, imports showed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, tamping machinery imports soared to $X in 2021. Overall, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of 55%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

The United States was the main importer of tamping or compacting machinery in Northern America, with the volume of imports reaching X units, which was near 70% of total imports in 2021. It was distantly followed by Canada (X units), committing a 30% share of total imports.

The United States was also the fastest-growing in terms of the tamping or compacting machinery imports, with a CAGR of +21.0% from 2012 to 2021. At the same time, Canada (+3.6%) displayed positive paces of growth. While the share of the United States (+33 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-33.4 p.p.) displayed negative dynamics.

In value terms, the United States ($X) and Canada ($X) constituted the countries with the highest levels of imports in 2021.

In terms of the main importing countries, the United States, with a CAGR of +16.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, dropping by -16.8% against the previous year. In general, the import price showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 14%. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Canada (-2.5%).

Source: IndexBox Platform

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