U.S.: Market for Snow-Ploughs And Snow-Blowers 2024

Market Size for Snow-Ploughs And Snow-Blowers in the U.S.

The U.S. snow ploughs and blowers market skyrocketed to $X in 2022, surging by 31% against the previous year. In general, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +74.7% against 2020 indices. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the near future.

Production of Snow-Ploughs And Snow-Blowers in the U.S.

In value terms, snow ploughs and blowers production dropped to $X in 2022. Over the period under review, production continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by 58% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Snow-Ploughs And Snow-Blowers

Exports from the U.S.

In 2022, approx. X units of snow-ploughs and snow-blowers were exported from the United States; picking up by 25% compared with the previous year's figure. Overall, exports, however, recorded a perceptible decrease. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, snow ploughs and blowers exports surged to $X in 2022. Over the period under review, total exports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +91.2% against 2016 indices. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X units) was the main destination for snow ploughs and blowers exports from the United States, accounting for a 78% share of total exports. Moreover, snow ploughs and blowers exports to Canada exceeded the volume sent to the second major destination, France (X units), more than tenfold. Sweden (X units) ranked third in terms of total exports with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada stood at +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-6.4% per year) and Sweden (-17.4% per year).

In value terms, Canada ($X) remains the key foreign market for snow-ploughs and snow-blowers exports from the United States, comprising 75% of total exports. The second position in the ranking was taken by Belgium ($X), with a 5.3% share of total exports. It was followed by Norway, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value to Canada amounted to +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+12.6% per year) and Norway (+2.4% per year).

Export Prices by Country

The average snow ploughs and blowers export price stood at $X per unit in 2022, surging by 4.3% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The pace of growth was the most pronounced in 2021 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Snow-Ploughs And Snow-Blowers

Imports into the U.S.

For the fourth consecutive year, the United States recorded growth in overseas purchases of snow-ploughs and snow-blowers, which increased by 22% to X units in 2022. Overall, imports showed a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of 150%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, snow ploughs and blowers imports surged to $X in 2022. Over the period under review, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 92% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest snow ploughs and blowers supplier to the United States, with a 62% share of total imports. Moreover, snow ploughs and blowers imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), twofold. The third position in this ranking was taken by Vietnam (X units), with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+10.1% per year) and Vietnam (+85.7% per year).

In value terms, the largest snow ploughs and blowers suppliers to the United States were China ($X), Mexico ($X) and Canada ($X), with a combined 85% share of total imports. These countries were followed by Vietnam, which accounted for a further 6.8%.

Vietnam, with a CAGR of +89.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average snow ploughs and blowers import price stood at $X per unit in 2022, rising by 19% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, snow ploughs and blowers import price increased by +45.5% against 2015 indices. The growth pace was the most rapid in 2013 an increase of 31% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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