Northern America: Tuner Block Market 2022

Tuner Block Market Size in Northern America

The North American tuner block market fell sharply to $X in 2021, which is down by -22.6% against the previous year. Over the period under review, consumption saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 with a decrease of -1.1%. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Tuner Block Production in Northern America

In value terms, tuner block production rose to $X in 2021 estimated in export price. Over the period under review, production, however, showed a measured expansion. The pace of growth was the most pronounced in 2015 when the production volume increased by 672% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Tuner Block Exports

Exports in Northern America

In 2021, overseas shipments of tuner blocks decreased by -43.7% to X units, falling for the fourth consecutive year after four years of growth. In general, exports showed a deep setback. The pace of growth appeared the most rapid in 2017 when exports increased by 39% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, tuner block exports shrank dramatically to $X in 2021. Overall, exports recorded a sharp reduction. The most prominent rate of growth was recorded in 2015 when exports increased by 36% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States dominates exports structure, reaching X units, which was near 98% of total exports in 2021. Canada (X units) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the tuner blocks exports, with a CAGR of -7.4% from 2012 to 2021. Canada (-8.2%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest tuner block supplier in Northern America, comprising 98% of total exports. The second position in the ranking was taken by Canada ($X), with a 2.4% share of total exports.

In the United States, tuner block exports plunged by an average annual rate of -22.4% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2021, falling by -33.7% against the previous year. Overall, the export price showed a drastic downturn. The most prominent rate of growth was recorded in 2015 when the export price increased by 8%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Canada ($X per unit), while the United States amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-5.3%).

Tuner Block Imports

Imports in Northern America

For the seventh year in a row, Northern America recorded decline in supplies from abroad of tuner blocks, which decreased by -43.5% to X units in 2021. Overall, imports saw a deep slump. The most prominent rate of growth was recorded in 2014 when imports increased by 17% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, tuner block imports contracted markedly to $X in 2021. In general, imports showed a sharp contraction. The pace of growth appeared the most rapid in 2017 with an increase of 9.6%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The United States dominates imports structure, accounting for X units, which was near 90% of total imports in 2021. It was distantly followed by Canada (X units), creating a 9.8% share of total imports.

The United States was also the fastest-growing in terms of the tuner blocks imports, with a CAGR of -17.0% from 2012 to 2021. Canada (-21.5%) illustrated a downward trend over the same period. The United States (+5.5 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -5.5% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported tuner blocks in Northern America, comprising 89% of total imports. The second position in the ranking was taken by Canada ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States stood at -25.9%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per unit, reducing by -20.1% against the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 18% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per unit), while the United States amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-3.2%).

Source: IndexBox Platform

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