Canada: Endless Machinery Band Market 2024

Endless Machinery Band Market Size in Canada

In 2022, the Canadian endless machinery band market increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, recorded a pronounced reduction. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Endless Machinery Band Production in Canada

In value terms, endless machinery band production rose slightly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Endless Machinery Band Exports

Exports from Canada

In 2022, endless machinery band exports from Canada fell markedly to X square meters, reducing by X% against 2021 figures. Overall, exports, however, saw a modest expansion. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X square meters, and then reduced dramatically in the following year.

In value terms, endless machinery band exports declined dramatically to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then fell rapidly in the following year.

Exports by Country

The United States (X square meters), Brazil (X square meters) and Italy (X square meters) were the main destinations of endless machinery band exports from Canada, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for endless bands for machinery, of stainless steel exports from Canada, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Italy (X% per year).

Export Prices by Country

The average endless machinery band export price stood at $X per square meter in 2022, growing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a mild decline. Over the period under review, the average export prices attained the peak figure at $X per square meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to Italy ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced a decline.

Endless Machinery Band Imports

Imports into Canada

In 2022, purchases abroad of endless bands for machinery, of stainless steel increased by X% to X square meters, rising for the second consecutive year after two years of decline. In general, imports, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports attained the peak of X square meters. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, endless machinery band imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a slight shrinkage. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United States (X square meters) constituted the largest endless machinery band supplier to Canada, with a X% share of total imports. Moreover, endless machinery band imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X square meters), threefold. Sweden (X square meters) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Sweden (X% per year).

In value terms, the largest endless machinery band suppliers to Canada were the United States ($X), Sweden ($X) and Germany ($X), together accounting for X% of total imports. The Netherlands, China and Mexico lagged somewhat behind, together comprising a further X%.

Among the main suppliers, the Netherlands, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average endless machinery band import price amounted to $X per square meter, waning by X% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per square meter in 2021, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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