Canada - Machines For Balancing Mechanical Parts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Balancing Mechanical Parts Machine in Canada - 2023
Contents:
- Price for Balancing Mechanical Parts Machine in Canada (CIF) - 2022
- Price for Balancing Mechanical Parts Machine in Canada (FOB) - 2022
- Imports of Balancing Mechanical Parts Machine in Canada
- Exports of Balancing Mechanical Parts Machine in Canada
Price for Balancing Mechanical Parts Machine in Canada (CIF) - 2022
The average balancing mechanical parts machine import price stood at $3,204 per unit in 2022, remaining constant against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 7.6%. As a result, import price reached the peak level of $3,375 per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($3,210 per unit) and Italy ($3,209 per unit), while the price for Japan ($3,183 per unit) and the UK ($3,204 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Balancing Mechanical Parts Machine in Canada (FOB) - 2022
The average balancing mechanical parts machine export price stood at $1,183 per unit in 2022, with a decrease of -15.1% against the previous year. Over the period under review, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 16%. The export price peaked at $5,651 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Italy ($1,149 per unit) and South Africa ($1,142 per unit), while the average price for exports to Sri Lanka ($1,055 per unit) and the United Arab Emirates ($1,103 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+4.2%), while the prices for the other major destinations experienced a decline.
Imports of Balancing Mechanical Parts Machine in Canada
Balancing mechanical parts machine imports into Canada declined to 4.9K units in 2022, with a decrease of -14.5% against 2021 figures. Overall, imports continue to indicate a noticeable setback. The growth pace was the most rapid in 2021 with an increase of 36%. As a result, imports attained the peak of 5.7K units, and then shrank in the following year.
In value terms, balancing mechanical parts machine imports dropped to $16M in 2022. Over the period under review, imports saw a mild descent. The pace of growth appeared the most rapid in 2021 with an increase of 36% against the previous year. As a result, imports attained the peak of $18M, and then dropped in the following year.
| Import of Balancing Mechanical Parts Machine in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.8 | 7.4 | 11.2 | 9.2 | -5.2% |
| China | 1.0 | 1.3 | 1.8 | 1.8 | 21.6% |
| Italy | 1.7 | 1.8 | 2.2 | 1.7 | 0.0% |
| Germany | 0.8 | 0.8 | 0.9 | 1.2 | 14.5% |
| United Kingdom | 0.8 | 1.6 | 0.4 | 1.0 | 7.7% |
| Japan | 0.9 | 0.1 | 0.7 | 0.2 | -39.4% |
| Others | 0.5 | 0.3 | 1.2 | 0.6 | 6.3% |
| Total | 16.5 | 13.4 | 18.3 | 15.6 | -1.9% |
Top Suppliers of Balancing Mechanical Parts Machine to Canada in 2022:
- United States (2858.0 units)
- China (561.0 units)
- Italy (532.0 units)
- Germany (378.0 units)
- United Kingdom (312.0 units)
- Japan (52.0 units)
Exports of Balancing Mechanical Parts Machine in Canada
After three years of growth, shipments abroad of machines for balancing mechanical parts decreased by -1.4% to 825 units in 2022. In general, exports, however, showed significant growth. The growth pace was the most rapid in 2021 with an increase of 105% against the previous year. As a result, the exports attained the peak of 837 units, and then shrank slightly in the following year.
In value terms, balancing mechanical parts machine exports contracted remarkably to $976K in 2022. Overall, exports saw a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 9.9% against the previous year. The exports peaked at $1.5M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Balancing Mechanical Parts Machine in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 441 | 720 | 1,064 | 599 | 10.7% |
| Italy | N/A | N/A | N/A | 136 | 0% |
| South Africa | N/A | 7.3 | N/A | 69.7 | 209.0% |
| United Arab Emirates | 0.1 | 0.1 | N/A | 49.6 | 691.6% |
| Sri Lanka | N/A | N/A | N/A | 14.8 | 0% |
| Poland | 127 | N/A | 37.4 | 0.1 | -90.8% |
| China | 692 | 3.0 | 2.1 | N/A | -94.5% |
| Others | 191 | 331 | 62.8 | 108 | -17.3% |
| Total | 1,451 | 1,061 | 1,166 | 976 | -12.4% |
Top Export Markets for Balancing Mechanical Parts Machine from Canada in 2022:
- United States (526.0 units)
- Italy (118.0 units)
- South Africa (61.0 units)
- United Arab Emirates (45.0 units)
- Sri Lanka (14.0 units)
- Poland (1.0 units)
This report provides an in-depth analysis of the market for balancing mechanical parts machine in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28993970 - Machines for balancing mechanical parts
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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