Northern America: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in Northern America

The North American sugar-manufacturing industrial machinery market totaled $X.1B in 2022, stabilizing at the previous year. In general, consumption, however, showed a pronounced downturn. The pace of growth was the most pronounced in 2019 when the market value increased by X%. Over the period under review, the market reached the maximum level at $X.5B in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sugar-Manufacturing Industrial Machinery Production in Northern America

In value terms, sugar-manufacturing industrial machinery production amounted to $X.7B in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X.8B in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Sugar-Manufacturing Industrial Machinery Exports

Exports in Northern America

In 2022, approx. X units of industrial machinery for the manufacture or preparation of sugar were exported in Northern America; increasing by X% compared with the previous year's figure. Overall, exports enjoyed a measured increase. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, sugar-manufacturing industrial machinery exports stood at $X in 2022. Over the period under review, exports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States prevails in exports structure, accounting for X units, which was approx. X% of total exports in 2022. Canada (X units) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the industrial machinery for the manufacture or preparation of sugar exports, with a CAGR of X% from 2012 to 2022. Canada experienced a relatively flat trend pattern. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest sugar-manufacturing industrial machinery supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at X%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per unit, approximately mirroring the previous year. Over the period under review, the export price, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Sugar-Manufacturing Industrial Machinery Imports

Imports in Northern America

In 2022, purchases abroad of industrial machinery for the manufacture or preparation of sugar decreased by X% to X units, falling for the second consecutive year after three years of growth. Overall, imports, however, saw a noticeable expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, sugar-manufacturing industrial machinery imports soared to $X in 2022. Over the period under review, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

The United States was the major importer of industrial machinery for the manufacture or preparation of sugar in Northern America, with the volume of imports amounting to X units, which was approx. X% of total imports in 2022. It was distantly followed by Canada (X units), achieving a X% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of industrial machinery for the manufacture or preparation of sugar. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of X% from 2012-2022. Canada (X p.p.) significantly strengthened its position in terms of the total imports, while the United States saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported industrial machinery for the manufacture or preparation of sugar in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with an X% share of total imports.

In the United States, sugar-manufacturing industrial machinery imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, increasing by X% against the previous year. Overall, the import price recorded a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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