Price for Vehicles; Mobile Drilling Derricks in Canada - 2023
Contents:
- Price for Vehicles; Mobile Drilling Derricks in Canada (CIF) - 2023
- Price for Vehicles; Mobile Drilling Derricks in Canada (FOB) - 2023
- Imports of Vehicles; Mobile Drilling Derricks in Canada
- Exports of Vehicles; Mobile Drilling Derricks in Canada
Price for Vehicles; Mobile Drilling Derricks in Canada (CIF) - 2023
In September 2023, the average vehicles; mobile drilling derricks import price amounted to $229K per unit, jumping by 68% against the previous month. Over the period under review, the import price, however, recorded a perceptible decline. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 229% against the previous month. The import price peaked at $323K per unit in September 2022; however, from October 2022 to September 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From September 2022 to September 2023, the rate of growth in terms of prices for Mexico amounted to +3.5% per month.
Price for Vehicles; Mobile Drilling Derricks in Canada (FOB) - 2023
In September 2023, the average vehicles; mobile drilling derricks export price amounted to $873K per unit, growing by 1,488% against the previous month. Over the period under review, the export price enjoyed a moderate increase. The export price peaked at $1.2M per unit in November 2022; however, from December 2022 to September 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From September 2022 to September 2023, the rate of growth in terms of prices for the United States amounted to +3.4% per month.
Imports of Vehicles; Mobile Drilling Derricks in Canada
In 2022, imports of vehicles; mobile drilling derrickses into Canada rose markedly to 71 units, growing by 15% compared with the year before. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +14.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 15%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, vehicles; mobile drilling derricks imports surged to $19M in 2022. In general, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Vehicles; Mobile Drilling Derricks in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.8 | 11.1 | 12.5 | 18.5 | 33.4% |
| Mexico | N/A | N/A | N/A | 0.3 | 0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 7.9 | 11.1 | 12.5 | 18.8 | 33.5% |
Top Suppliers of Vehicles; Mobile Drilling Derricks to Canada in 2022:
- United States (67.0 units)
- Mexico (3.0 units)
Exports of Vehicles; Mobile Drilling Derricks in Canada
In 2022, vehicles; mobile drilling derricks exports from Canada soared to 36 units, rising by 125% on the year before. In general, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 161% against the previous year. As a result, the exports reached the peak of 60 units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, vehicles; mobile drilling derricks exports surged to $18M in 2022. Over the period under review, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Vehicles; Mobile Drilling Derricks in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.8 | 8.9 | 6.6 | 17.2 | 30.2% |
| Peru | 0.5 | 2.2 | N/A | 1.3 | 37.5% |
| China | N/A | 1.1 | N/A | N/A | 0% |
| Kuwait | N/A | 0.7 | N/A | N/A | 0% |
| Mexico | N/A | 1.2 | N/A | N/A | 0% |
| Others | 0.1 | 1.4 | 0.1 | N/A | 0.0% |
| Total | 8.4 | 15.6 | 6.7 | 18.5 | 30.1% |
Top Export Markets for Vehicles; Mobile Drilling Derricks from Canada in 2022:
- United States (35.0 units)
- Peru (1.0 units)
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