Canada: Industrial Bakery Machinery Market 2024

Industrial Bakery Machinery Market Size in Canada

The Canadian industrial bakery machinery market declined slightly to $X in 2022, with a decrease of X% against the previous year. In general, consumption saw a pronounced shrinkage. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Industrial Bakery Machinery Production in Canada

In value terms, industrial bakery machinery production fell to $X in 2022 estimated in export price. Overall, production showed a pronounced shrinkage. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. Industrial bakery machinery production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

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Industrial Bakery Machinery Exports

Exports from Canada

In 2022, exports of industrial bakery machinery from Canada soared to X units, rising by X% compared with the year before. Overall, total exports indicated strong growth from 2012 to 2022: its volume 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. Based on 2022 figures, exports increased by X% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial bakery machinery exports reached $X in 2022. In general, total exports indicated temperate growth from 2012 to 2022: its value 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. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for industrial bakery machinery exports from Canada, accounting for a X% share of total exports. Moreover, industrial bakery machinery exports to the United States exceeded the volume sent to the second major destination, the UK (X units), eightfold. Germany (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Germany (X% per year).

In value terms, the United States ($X) remains the key foreign market for industrial bakery machinery exports from Canada, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with an X% share of total exports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Germany (X% per year).

Export Prices by Country

The average industrial bakery machinery export price stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the export price showed a slight shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2021, and then dropped remarkably in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Brazil ($X per unit) and the UK ($X per unit), while the average price for exports to Japan ($X per unit) and Germany ($X per unit) were amongst the lowest.

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

Industrial Bakery Machinery Imports

Imports into Canada

In 2022, imports of industrial bakery machinery into Canada skyrocketed to X units, picking up by X% on 2021 figures. Overall, imports posted prominent growth. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, industrial bakery machinery imports skyrocketed to $X in 2022. Over the period under review, imports posted a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

The United States (X units), Italy (X units) and the Netherlands (X units) were the main suppliers of industrial bakery machinery imports to Canada, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial bakery machinery suppliers to Canada were the United States ($X), Italy ($X) and the Netherlands ($X), together comprising X% of total imports.

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 industrial bakery machinery import price amounted to $X per unit, dropping by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per unit) and Germany ($X per unit), while the price for Japan ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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