
Canada - Bending or Assembling Machines - Market Analysis, Forecast, Size, Trends and Insights
Canada: Wood Bending Machine Market 2022
Wood Bending Machine Market Size in Canada
The Canadian wood bending machine market soared to $X in 2021, jumping by 45% against the previous year. Overall, consumption, however, enjoyed a mild increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.
Wood Bending Machine Production in Canada
In value terms, wood bending machine production amounted to less than $X in 2021 estimated in export price. In general, production recorded a significant increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 583% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.
Wood Bending Machine Exports
Exports from Canada
In 2021, exports of bending or assembling machines from Canada contracted remarkably to X units, declining by -16.9% against the previous year. Over the period under review, exports recorded a noticeable shrinkage. The growth pace was the most rapid in 2013 with an increase of 177% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.
In value terms, wood bending machine exports skyrocketed to $X in 2021. Overall, exports, however, saw a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of 52% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.
Exports by Country
The United States (X units) was the main destination for wood bending machine exports from Canada, accounting for a approx. 99% share of total exports.
From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled -3.2%.
In value terms, the United States ($X) also remains the key foreign market for wood bending machine exports from Canada.
From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +8.4%.
Export Prices by Country
In 2021, the average wood bending machine export price amounted to $X per unit, growing by 48% against the previous year. Over the period under review, the export price continues to indicate strong growth. The growth pace was the most rapid in 2014 an increase of 188%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +11.9% per year.
Wood Bending Machine Imports
Imports into Canada
In 2021, supplies from abroad of bending or assembling machines decreased by -55.5% to X units, falling for the third year in a row after four years of growth. Over the period under review, imports continue to indicate a deep setback. The growth pace was the most rapid in 2015 with an increase of 113% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.
In value terms, wood bending machine imports shrank to $X in 2021. In general, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of 52% against the previous year. Imports peaked at $X in 2020, and then reduced in the following year.
Imports by Country
In 2021, Germany (X units) constituted the largest supplier of wood bending machine to Canada, accounting for a 44% share of total imports. Moreover, wood bending machine imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. China (X units) ranked third in terms of total imports with a 17% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-17.3% per year) and China (-10.7% per year).
In value terms, the largest wood bending machine suppliers to Canada were Italy ($X), Germany ($X) and the United States ($X), with a combined 75% share of total imports. Taiwan (Chinese), China and Austria lagged somewhat behind, together comprising a further 18%.
Taiwan (Chinese), with a CAGR of +14.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average wood bending machine import price stood at $X per unit in 2021, rising by 101% against the previous year. Over the period under review, the import price recorded prominent growth. The most prominent rate of growth was recorded in 2020 an increase of 168% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.
Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+26.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the wood bending machine market 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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