Northern America: Market for Wiring sets used in vehicles, aircraft or ships 2025

Market Size for Wiring sets used in vehicles, aircraft or ships in Northern America

The North American market for wiring sets used in vehicles, aircraft or ships rose significantly to $X in 2022, surging by 13% against the previous year. Overall, consumption, however, recorded a slight downturn. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Wiring sets used in vehicles, aircraft or ships in Northern America

In value terms, production of wiring sets used in vehicles, aircraft or ships surged to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 104% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports in Northern America

In 2022, shipments abroad of wiring sets used in vehicles, aircraft or ships increased by 0.4% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, faced a abrupt shrinkage. The growth pace was the most rapid in 2019 when exports increased by 9.4% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of wiring sets used in vehicles, aircraft or ships soared to $X in 2022. The total export value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, the United States (X tons) represented the major exporter of wiring sets used in vehicles, aircraft or ships, generating 79% of total exports. It was distantly followed by Canada (X tons), constituting a 21% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to wiring sets used in vehicles, aircraft or ships exports from the United States stood at -15.2%. Canada experienced a relatively flat trend pattern. From 2012 to 2022, the share of Canada increased by +16 percentage points.

In value terms, the United States ($X) remains the largest wiring sets used in vehicles, aircraft or ships supplier in Northern America, comprising 95% of total exports. The second position in the ranking was held by Canada ($X), with a 5.2% share of total exports.

In the United States, exports of wiring sets used in vehicles, aircraft or ships increased at an average annual rate of +2.0% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, rising by 21% against the previous year. In general, the export price enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 when the export price increased by 214% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+20.2%).

Imports of Wiring sets used in vehicles, aircraft or ships

Imports in Northern America

In 2022, approx. X tons of wiring sets used in vehicles, aircraft or ships were imported in Northern America; leveling off at the previous year's figure. Overall, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2019 with an increase of 31%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of wiring sets used in vehicles, aircraft or ships skyrocketed to $X in 2022. The total import value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 18%. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

The United States was the key importer of wiring sets used in vehicles, aircraft or ships in Northern America, with the volume of imports reaching X tons, which was approx. 76% of total imports in 2022. It was distantly followed by Canada (X tons), making up a 24% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to wiring sets used in vehicles, aircraft or ships imports into the United States stood at -8.0%. Canada (-3.9%) illustrated a downward trend over the same period. While the share of Canada (+6.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United States (-6.9 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported wiring sets used in vehicles, aircraft or ships in Northern America, comprising 90% of total imports. The second position in the ranking was held by Canada ($X), with a 9.5% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States totaled +4.2%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, picking up by 16% against the previous year. Over the period under review, the import price saw resilient growth. The pace of growth appeared the most rapid in 2020 when the import price increased by 131%. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

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 the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.3%).

Source: IndexBox Platform

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