Price for Textile Machinery; Spinning Machines in Canada - 2023
Contents:
- Price for Textile Machinery; Spinning Machines in Canada (FOB) - 2022
- Price for Textile Machinery; Spinning Machines in Canada (CIF) - 2022
- Exports of Textile Machinery; Spinning Machines in Canada
- Imports of Textile Machinery; Spinning Machines in Canada
Price for Textile Machinery; Spinning Machines in Canada (FOB) - 2022
In 2022, the average textile machinery; spinning machines export price amounted to $2,571 per unit, increasing by 10% against the previous year. Overall, the export price recorded measured growth. The growth pace was the most rapid in 2015 when the average export price increased by 99% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($17,401 per unit), while the average price for exports to the United States ($1,758 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+820.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Textile Machinery; Spinning Machines in Canada (CIF) - 2022
The average textile machinery; spinning machines import price stood at $20 per unit in 2022, reducing by -98.7% against the previous year. Overall, the import price recorded a precipitous setback. The pace of growth was the most pronounced in 2017 when the average import price increased by 17,606%. The import price peaked at $15,173 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($18 per unit), while the price for Italy totaled $18 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-55.3%).
Exports of Textile Machinery; Spinning Machines in Canada
In 2022, approx. 192 units of textile machinery; spinning machineses were exported from Canada; picking up by 10% against the previous year's figure. Overall, exports, however, saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 11%. Over the period under review, the exports reached the peak figure at 419 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, textile machinery; spinning machines exports skyrocketed to $494K in 2022. Over the period under review, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 89% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Textile Machinery; Spinning Machines in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 334 | 174 | 246 | 315 | -1.9% |
| United Kingdom | 10.8 | 5.0 | 7.4 | 90.3 | 103.0% |
| Norway | N/A | N/A | N/A | 30.0 | 0% |
| France | 52.2 | N/A | N/A | N/A | 0% |
| Others | 7.2 | 36.6 | 153 | 58.7 | 101.3% |
| Total | 404 | 215 | 406 | 494 | 6.9% |
Top Export Markets for Textile Machinery; Spinning Machines from Canada in 2022:
- United States (179.0 units)
- United Kingdom (6.0 units)
- Norway (3.0 units)
Imports of Textile Machinery; Spinning Machines in Canada
Textile machinery; spinning machines imports into Canada surged to 125K units in 2022, increasing by 64,504% compared with 2021. In general, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, textile machinery; spinning machines imports surged to $2.5M in 2022. Over the period under review, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Textile Machinery; Spinning Machines in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | N/A | N/A | N/A | 2,233 | 0% |
| Italy | N/A | 0.1 | 153 | 59.3 | 2335.2% |
| Others | 160 | 129 | 141 | 160 | 0.0% |
| Total | 160 | 129 | 294 | 2,452 | 148.4% |
Top Suppliers of Textile Machinery; Spinning Machines to Canada in 2022:
- Switzerland (122.1K units)
- Italy (3.2K units)
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