Northern America: Market for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals 2024

Market Size for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in Northern America

The North American market for fully or partly automatic electric machines for arc welding of metals contracted slightly to $X in 2023, shrinking by X% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in Northern America

In value terms, production of fully or partly automatic electric machines for arc welding of metals reached $X in 2023 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production of attained the peak level at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Exports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Exports in Northern America

In 2023, overseas shipments of fully or partly automatic electric machines for arc welding of metals increased by X% to X units, rising for the second consecutive year after four years of decline. In general, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports of attained the peak figure at X units in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of fully or partly automatic electric machines for arc welding of metals skyrocketed to $X in 2023. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at $X in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The United States prevails in metals structure, reaching X units, which was approx. X% of total exports in 2023. Canada (X units) held a relatively small share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of fully or partly automatic electric machines for arc welding of metals. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of X% from 2012-2023. While the share of Canada (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the United States (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest fully or partly automatic arc welding machine supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in the United States amounted to X%.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2023, declining by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2022 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit, and then fell in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Imports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Imports in Northern America

After three years of growth, overseas purchases of fully or partly automatic electric machines for arc welding of metals decreased by X% to X units in 2023. Overall, imports recorded a noticeable slump. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of fully or partly automatic electric machines for arc welding of metals declined sharply to $X in 2023. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2023, the growth of imports of failed to regain momentum.

Imports by Country

Canada was the major importing country with an import of around X units, which resulted at X% of total imports. It was distantly followed by the United States (X units), achieving a X% share of total imports.

Canada was also the fastest-growing in terms of the fully or partly automatic electric machines for arc welding of metals imports, with a CAGR of X% from 2012 to 2023. The United States (X%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported fully or partly automatic electric machines for arc welding of metals in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in the United States was relatively modest.

Import Prices by Country

In 2023, the import price in Northern America amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price enjoyed a noticeable expansion. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per unit), while Canada stood at $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform