Northern America: Trailer And Semi-Trailer Market 2024

Trailer And Semi-Trailer Exports

Exports in Northern America

In 2023, overseas shipments of cargo trailers and semi-trailers increased by X% to X units, rising for the third year in a row after two years of decline. In general, exports, however, continue to indicate a slight decline. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, trailer and semi-trailer exports totaled $X in 2023. Total exports indicated a notable 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, exports increased by X% against 2020 indices. 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 hit record highs in 2023 and are expected to retain growth in the near future.

Exports by Country

The United States represented the main exporter of cargo trailers and semi-trailers in Northern America, with the volume of exports accounting for X units, which was approx. X% of total exports in 2023. It was distantly followed by Canada (X units), comprising an X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to trailer and semi-trailer exports from the United States stood at X%. 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. From 2012 to 2023, the share of Canada increased by X percentage points.

In value terms, the United States ($X) remains the largest trailer and semi-trailer supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by Canada ($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 stood at X%.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2023, growing by X% against the previous year. Export price indicated noticeable growth from 2012 to 2023: its price 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, trailer and semi-trailer export price increased by X% against 2021 indices. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2023, the export prices remained at a lower figure.

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 the United States (X%).

Trailer And Semi-Trailer Imports

Imports in Northern America

In 2023, overseas purchases of cargo trailers and semi-trailers decreased by X% to X units, falling for the third year in a row after four years of growth. In general, imports continue to indicate a slight reduction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of import peaked at X units in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

In value terms, trailer and semi-trailer imports expanded notably to $X in 2023. Over the period under review, imports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2023 and are likely to see gradual growth in the near future.

Imports by Country

The United States represented the main importing country with an import of about X units, which resulted at X% of total imports. It was distantly followed by Canada (X units), mixing up a X% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of cargo trailers and semi-trailers. Canada (X%) illustrated a downward trend over the same period. While the share of the United States (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Canada (X p.p.) displayed negative dynamics.

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

In the United States, trailer and semi-trailer 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, growing by X% against the previous year. Over the period under review, the import price recorded a prominent increase. The growth pace was the most rapid in 2014 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the near future.

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 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