Canada: Wood Drilling Machine Market 2022

Wood Drilling Machine Market Size in Canada

The Canadian wood drilling machine market rose significantly to $X in 2021, with an increase of 13% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +40.8% against 2019 indices. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Wood Drilling Machine Exports

Exports from Canada

In 2021, approx. X units of drilling or morticing machines were exported from Canada; with an increase of 35% against the previous year's figure. In general, exports, however, showed a deep downturn. The growth pace was the most rapid in 2019 when exports increased by 711% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood drilling machine exports skyrocketed to $X in 2021. Overall, exports, however, saw a deep contraction. The pace of growth was the most pronounced in 2014 with an increase of 162%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for wood drilling machine exports from Canada, accounting for a 76% share of total exports. Moreover, wood drilling machine exports to the United States exceeded the volume sent to the second major destination, the UK (X units), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +17.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+18.4% per year) and Denmark (+38.2% per year).

In value terms, the United States ($X) remains the key foreign market for wood drilling machine exports from Canada, comprising 80% of total exports. The second position in the ranking was held by Denmark ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+45.0% per year) and the UK (+5.2% per year).

Export Prices by Country

The average wood drilling machine export price stood at $X per unit in 2021, increasing by 45% against the previous year. In general, the export price recorded a resilient increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 270% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Denmark ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+49.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Drilling Machine Imports

Imports into Canada

In 2021, purchases abroad of drilling or morticing machines increased by 52% to X units for the first time since 2018, thus ending a two-year declining trend. In general, imports posted a resilient increase. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, wood drilling machine imports shrank to $X in 2021. Over the period under review, total imports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +22.6% against 2019 indices. The pace of growth was the most pronounced in 2018 when imports increased by 37%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest wood drilling machine supplier to Canada, with a 67% share of total imports. Moreover, wood drilling machine imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sixfold. The third position in this ranking was held by Germany (X units), with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.7% per year) and Germany (+17.4% per year).

In value terms, China ($X) constituted the largest supplier of wood drilling machine to Canada, comprising 39% of total imports. The second position in the ranking was held by Germany ($X), with a 17% share of total imports. It was followed by Italy, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+18.5% per year) and Italy (-0.9% per year).

Import Prices by Country

In 2021, the average wood drilling machine import price amounted to $X per unit, waning by -37.7% against the previous year. Overall, the import price showed a pronounced decline. The most prominent rate of growth was recorded in 2020 an increase of 44% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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 Italy (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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