Northern America: Winche And Capstan Market 2024

Winche And Capstan Market Size in Northern America

The North American winche and capstan market rose remarkably to $X in 2021, picking up by 8.7% against the previous year. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the market value increased by 9.1% against the previous year. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Winche And Capstan Production in Northern America

In value terms, winche and capstan production shrank slightly to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 12% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Winche And Capstan Exports

Exports in Northern America

For the third year in a row, Northern America recorded decline in shipments abroad of winches and capstans, which decreased by -7.2% to X units in 2021. In general, exports saw a deep slump. The pace of growth was the most pronounced in 2014 with an increase of 43% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, winche and capstan exports contracted to $X in 2021. Over the period under review, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2013 with an increase of 17% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, the United States (X units) was the main exporter of winches and capstans, creating 63% of total exports. It was distantly followed by Canada (X units), mixing up a 36% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Canada (with a CAGR of -5.0%).

In value terms, the United States ($X) and Canada ($X) appeared to be the countries with the highest levels of exports in 2021.

Among the main exporting countries, Canada, with a CAGR of -8.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per unit, picking up by 5.8% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the export price increased by 36% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, 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 (+0.6%).

Winche And Capstan Imports

Imports in Northern America

For the fifth consecutive year, Northern America recorded growth in overseas purchases of winches and capstans, which increased by 20% to X units in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +89.9% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, winche and capstan imports soared to $X in 2021. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 19%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the near future.

Imports by Country

The United States dominates imports structure, resulting at X units, which was near 94% of total imports in 2021. It was distantly followed by Canada (X units), comprising a 6.1% share of total imports.

The United States was also the fastest-growing in terms of the winches and capstans imports, with a CAGR of +9.1% from 2012 to 2021. Canada (-5.0%) illustrated a downward trend over the same period. While the share of the United States (+12 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-12.3 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported winches and capstans in Northern America, comprising 80% of total imports. The second position in the ranking was held by Canada ($X), with a 19% share of total imports.

In the United States, winche and capstan imports expanded at an average annual rate of +2.5% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per unit, falling by -3.1% against the previous year. In general, the import price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2017 an increase of 2.5% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+4.1%).

Source: IndexBox Platform

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