Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Canada - 2024

Contents:

  1. Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Canada (CIF) - 2022
  2. Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Canada (FOB) - 2024
  3. Imports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Canada
  4. Exports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Canada

Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Canada (CIF) - 2022

The average import price for machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses stood at $971 per unit in 2022, reducing by -32.6% against the previous year. Over the period under review, the import price showed a pronounced setback. The most prominent rate of growth was recorded in 2018 an increase of 37% against the previous year. The import price peaked at $1,728 per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($2,243 per unit), while the price for India ($355 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Canada (FOB) - 2024

In January 2024, the average export price for machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses amounted to $3,749 per unit, surging by 37% against the previous month. Over the period under review, the export price, however, recorded a slight descent. The most prominent rate of growth was recorded in April 2023 an increase of 40% against the previous month. Over the period under review, the average export prices hit record highs at $5,121 per unit in September 2023; afterwards, it flattened through to January 2024.

As there is only one major export destination, the average price level is determined by prices for the United States.

From January 2023 to January 2024, the rate of growth in terms of prices for the United States amounted to -1.4% per month.

Imports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Canada

In 2022, approx. 9.4K units of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses were imported into Canada; jumping by 96% on 2021. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses soared to $9.1M in 2022. The total import value increased at an average annual rate of +1.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Canada (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States6.83.12.64.0-16.2%
Italy1.53.74.13.330.1%
United Kingdom0.3N/AN/A0.732.6%
China0.10.10.10.791.3%
SwitzerlandN/AN/AN/A0.30%
India0.1N/A0.10.10.0%
Others0.10.1N/AN/A0.0%
Total8.97.16.99.10.7%

Top Suppliers of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices to Canada in 2022:

  1. United States (5.5K units)
  2. Italy (1.6K units)
  3. China (1.5K units)
  4. United Kingdom (0.3K units)
  5. India (0.2K units)
  6. Switzerland (0.2K units)

Exports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Canada

In 2022, shipments abroad of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses increased by 53% to 1.7K units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a drastic downturn. The exports peaked at 2.5K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses dropped markedly to $3.2M in 2022. In general, exports, however, faced a precipitous decrease. The exports peaked at $13M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Canada (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States13.47.24.03.1-38.6%
OthersN/AN/AN/A0.10%
Total13.47.24.03.2-38.0%

Top Export Markets for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices from Canada in 2022:

  1. United States (1732.0 units)

Source: IndexBox Market Intelligence Platform

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