Northern America: Market for Hydraulic Cylinders And Systems 2024

Market Size for Hydraulic Cylinders And Systems in Northern America

In 2023, the North American hydraulic cylinder and system market decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2022, and then declined sharply in the following year.

Production of Hydraulic Cylinders And Systems in Northern America

In value terms, hydraulic cylinder and system production surged to $X in 2023 estimated in export price. In general, production, however, continues to indicate a abrupt downturn. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Exports of Hydraulic Cylinders And Systems

Exports in Northern America

In 2023, after two years of growth, there was decline in shipments abroad of hydraulic cylinders and systems, when their volume decreased by X% to X units. Total exports indicated resilient growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked at X units in 2022, and then shrank in the following year.

In value terms, hydraulic cylinder and system exports expanded markedly to $X in 2023. Total exports indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure in 2023 and are likely to see steady growth in years to come.

Exports by Country

The United States represented the major exporter of hydraulic cylinders and systems in Northern America, with the volume of exports accounting for X units, which was near X% of total exports in 2023. It was distantly followed by Canada (X units), achieving a X% share of total exports.

The United States was also the fastest-growing in terms of the hydraulic cylinders and systems exports, with a CAGR of X% from 2012 to 2023. At the same time, Canada (X%) displayed positive paces of growth. While the share of the United States (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Canada (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest hydraulic cylinder and system supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

In the United States, hydraulic cylinder and system exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Northern America amounted to $X per unit, surging by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2023, 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 Canada (X%).

Imports of Hydraulic Cylinders And Systems

Imports in Northern America

In 2023, supplies from abroad of hydraulic cylinders and systems decreased by X% to X units for the first time since 2011, thus ending a eleven-year rising trend. In general, imports, however, recorded a prominent increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The volume of import peaked at X units in 2022, and then reduced sharply in the following year.

In value terms, hydraulic cylinder and system imports rose to $X in 2023. Total imports indicated a tangible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2022 when imports increased by X%. The level of import peaked in 2023 and is likely to continue growth in years to come.

Imports by Country

The United States dominates imports structure, recording X units, which was approx. X% of total imports in 2023. Canada (X units) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the hydraulic cylinders and systems imports, with a CAGR of X% from 2012 to 2023. At the same time, Canada (X%) displayed positive paces of growth. From 2012 to 2023, the share of the United States increased by X percentage points.

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

In the United States, hydraulic cylinder and system imports increased at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2023, rising by X% against the previous year. Over the period under review, the import price, however, showed a abrupt curtailment. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform