Canada: Confectionery-Making Industrial Machinery Market 2024

Confectionery-Making Industrial Machinery Market Size in Canada

The Canadian confectionery-making industrial machinery market contracted to $X in 2022, declining by X% against the previous year. In general, consumption continues to indicate a abrupt shrinkage. As a result, consumption attained the peak level of $X.4B. From 2017 to 2022, the growth of the market failed to regain momentum.

Confectionery-Making Industrial Machinery Production in Canada

In value terms, confectionery-making industrial machinery production declined to $X.5B in 2022 estimated in export price. Overall, production continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X.3B. From 2017 to 2022, production growth remained at a somewhat lower figure.

Confectionery-Making Industrial Machinery Exports

Exports from Canada

In 2022, exports of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate from Canada surged to X units, picking up by X% on the previous year. In general, exports posted prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, confectionery-making industrial machinery exports surged to $X in 2022. Over the period under review, exports showed buoyant growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for confectionery-making industrial machinery exports from Canada, accounting for a X% share of total exports. Moreover, confectionery-making industrial machinery exports to the United States exceeded the volume sent to the second major destination, South Korea (X units), more than tenfold. Australia (X units) ranked third in terms of total exports with a 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: South Korea (X% per year) and Australia (X% per year).

In value terms, the United States ($X) remains the key foreign market for industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate exports from Canada, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by China, with a X% share.

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

Export Prices by Country

In 2022, the average confectionery-making industrial machinery export price amounted to $X per unit, which is down by X% against the previous year. Overall, the export price recorded a slight shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced mixed trend patterns.

Confectionery-Making Industrial Machinery Imports

Imports into Canada

In 2022, purchases abroad of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate was finally on the rise to reach X units after two years of decline. Overall, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, confectionery-making industrial machinery imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2016 when imports increased by X%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The Netherlands (X units), Germany (X units) and the United States (X units) were the main suppliers of confectionery-making industrial machinery imports to Canada, together accounting for X% 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 confectionery-making industrial machinery suppliers to Canada were the Netherlands ($X), Germany ($X) and the United States ($X), together accounting for X% of total imports.

The Netherlands, with a CAGR of X%, recorded 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 confectionery-making industrial machinery import price stood at $X per unit in 2022, reducing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then dropped in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Switzerland ($X per unit) and China ($X per unit), while the price for Denmark ($X per unit) and the Netherlands ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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