Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Canada - 2024
Contents:
- Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Canada (CIF) - 2022
- Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Canada (FOB) - 2024
- Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Canada
- Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Canada
Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Canada (CIF) - 2022
In 2022, the average import price for weighing machines; having a maximum weighing capacity exceeding 5000kgs amounted to $402 per unit, increasing by 8% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for weighing machines; having a maximum weighing capacity exceeding 5000kgs increased by +26.4% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 25%. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($759 per unit), while the price for China ($128 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Canada (FOB) - 2024
In January 2024, the average export price for weighing machines; having a maximum weighing capacity exceeding 5000kgs amounted to $8,959 per unit, remaining stable against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level of $8,960 per unit, leveling off in the following month.
Average prices varied noticeably for the major foreign markets. In January 2024, the country with the highest price was the United States ($8,959 per unit), while the average price for exports to Bahrain ($8,958 per unit) was amongst the lowest.
From December 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Canada
In 2022, approx. 43K units of weighing machines; having a maximum weighing capacity exceeding 5000kgs were imported into Canada; waning by -19.7% compared with 2021 figures. Over the period under review, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. As a result, imports attained the peak of 54K units, and then fell remarkably in the following year.
In value terms, imports of weighing machines; having a maximum weighing capacity exceeding 5000kgs dropped to $17M in 2022. The total import value increased at an average annual rate of +1.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 41%. As a result, imports reached the peak of $20M, and then dropped in the following year.
| Import of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.0 | 9.5 | 14.5 | 11.5 | 1.5% |
| China | 2.2 | 2.2 | 2.7 | 3.1 | 12.1% |
| United Kingdom | 0.2 | 0.5 | 0.3 | 0.7 | 51.8% |
| Germany | 0.7 | 0.5 | 0.4 | 0.1 | -47.7% |
| Others | 2.4 | 1.4 | 2.1 | 2.0 | -5.9% |
| Total | 16.4 | 14.2 | 20.0 | 17.3 | 1.8% |
Top Suppliers of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg to Canada in 2022:
- China (23.8K units)
- United States (15.1K units)
- United Kingdom (1.5K units)
- Germany (0.3K units)
Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Canada
Exports of weighing machines; having a maximum weighing capacity exceeding 5000kgs from Canada reduced to 722 units in 2022, dropping by -8.6% against the year before. In general, exports continue to indicate a abrupt descent. The smallest decline of -5.4% was in 2021. Over the period under review, the exports of hit record highs at 897 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of weighing machines; having a maximum weighing capacity exceeding 5000kgs contracted modestly to $6.3M in 2022. Overall, exports saw a noticeable setback. The smallest decline of -2.7% was in 2021. The exports peaked at $7.1M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.0 | 3.1 | 3.8 | 3.8 | 8.2% |
| South Korea | 0.9 | 1.2 | 0.9 | 2.0 | 30.5% |
| Thailand | N/A | N/A | N/A | 0.2 | 0% |
| Chile | N/A | N/A | N/A | 0.1 | 0% |
| Ukraine | 2.4 | 1.7 | 1.1 | N/A | -32.3% |
| Others | 0.8 | 0.8 | 0.8 | 0.3 | -27.9% |
| Total | 7.1 | 6.8 | 6.6 | 6.3 | -3.9% |
Top Export Markets for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg from Canada in 2022:
- United States (421.0 units)
- South Korea (224.0 units)
- Thailand (20.0 units)
- Chile (16.0 units)
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