Canada: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in Canada

The Canadian sugar-manufacturing industrial machinery market shrank to $X in 2022, declining by X% against the previous year. In general, consumption faced a abrupt slump. Sugar-manufacturing industrial machinery consumption peaked at $X.6B in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sugar-Manufacturing Industrial Machinery Production in Canada

In value terms, sugar-manufacturing industrial machinery production reduced to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production hit record highs at $X.4B in 2012; however, from 2013 to 2022, production remained at a lower figure.

Sugar-Manufacturing Industrial Machinery Exports

Exports from Canada

After two years of growth, shipments abroad of industrial machinery for the manufacture or preparation of sugar decreased by X% to X units in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, sugar-manufacturing industrial machinery exports dropped to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for sugar-manufacturing industrial machinery exports from Canada, accounting for a X% share of total exports. Moreover, sugar-manufacturing industrial machinery exports to the United States exceeded the volume sent to the second major destination, Colombia (X units), fourfold.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%.

In value terms, the United States ($X) remains the key foreign market for industrial machinery for the manufacture or preparation of sugar exports from Canada, comprising X% of total exports. The second position in the ranking was held by Colombia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%.

Export Prices by Country

In 2022, the average sugar-manufacturing industrial machinery export price amounted to $X per unit, jumping by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Colombia totaled $X per unit.

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.

Sugar-Manufacturing Industrial Machinery Imports

Imports into Canada

In 2022, approx. X units of industrial machinery for the manufacture or preparation of sugar were imported into Canada; increasing by X% on 2021. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sugar-manufacturing industrial machinery imports skyrocketed to $X in 2022. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X units), Italy (X units) and the United States (X units) were the main suppliers of sugar-manufacturing industrial machinery imports to Canada, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sugar-manufacturing industrial machinery suppliers to Canada were Germany ($X), Italy ($X) and the United States ($X), together comprising X% of total imports. China, India, Taiwan (Chinese), Lebanon and France lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Lebanon, 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

The average sugar-manufacturing industrial machinery import price stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the import price, however, enjoyed a noticeable increase. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for France ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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