Northern America: Electric Brazing Machine Market 2024

Electric Brazing Machine Market Size in Northern America

In 2023, the North American electric brazing machine market decreased by X% to $X for the first time since 2020, thus ending a two-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 reduced modestly in the following year.

Electric Brazing Machine Production in Northern America

In value terms, electric brazing machine production stood at $X in 2023 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Electric Brazing Machine Exports

Exports in Northern America

Electric brazing machine exports surged to X units in 2023, with an increase of X% against the year before. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2023 and are likely to see gradual growth in the near future.

In value terms, electric brazing machine exports skyrocketed to $X in 2023. Over the period under review, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in the immediate term.

Exports by Country

Canada dominates exports structure, amounting to X units, which was approx. X% of total exports in 2023. It was distantly followed by the United States (X units), achieving a X% share of total exports.

Canada was also the fastest-growing in terms of the electric brazing or soldering machines and apparatus exports, with a CAGR of X% from 2012 to 2023. At the same time, the United States (X%) displayed positive paces of growth. Canada (X p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the United States ($X) and Canada ($X) constituted the countries with the highest levels of exports in 2023.

Among the main exporting countries, Canada, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2023, dropping by X% against the previous year. In general, the export price showed a abrupt downturn. The pace of growth appeared the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2023, 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 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%).

Electric Brazing Machine Imports

Imports in Northern America

In 2023, purchases abroad of electric brazing or soldering machines and apparatus decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. In general, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2022, and then shrank modestly in the following year.

In value terms, electric brazing machine imports contracted to $X in 2023. Over the period under review, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then shrank in the following year.

Imports by Country

The United States represented the major importing country with an import of about X units, which accounted for X% of total imports. It was distantly followed by Canada (X units), making up a X% share of total imports.

The United States was also the fastest-growing in terms of the electric brazing or soldering machines and apparatus 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 ($X) constitutes the largest market for imported electric brazing or soldering machines and apparatus in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

In the United States, electric brazing machine imports expanded 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, which is down by X% against the previous year. In general, the import price saw a mild reduction. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Canada ($X per unit), while the United States amounted to $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