Canada: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in Canada

The Canadian industrial sewing machine market reduced sharply to $X in 2022, declining by X% against the previous year. Over the period under review, consumption recorded a deep contraction. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Industrial Sewing Machine Production in Canada

In value terms, industrial sewing machine production shrank notably to $X in 2022 estimated in export price. In general, production recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Industrial sewing machine production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Industrial Sewing Machine Exports

Exports from Canada

For the third year in a row, Canada recorded growth in overseas shipments of industrial sewing machines, which increased by X% to X units in 2022. In general, exports posted a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial sewing machine exports fell to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for industrial sewing machine exports from Canada, accounting for a X% share of total exports. It was followed by France (X units), with a X% share of total exports. The third position in this ranking was taken by China (X units), with a X% share.

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

In value terms, the United States ($X) remains the key foreign market for industrial sewing machines exports from Canada, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports. It was followed by China, with a X% share.

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

Export Prices by Country

The average industrial sewing machine export price stood at $X per unit in 2022, declining by X% against the previous year. In general, the export price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to the United States ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Sewing Machine Imports

Imports into Canada

In 2022, overseas purchases of industrial sewing machines decreased by X% to X units, falling for the second consecutive year after two years of growth. In general, imports, however, showed a measured expansion. The pace of growth was the most pronounced in 2019 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, industrial sewing machine imports shrank dramatically to $X in 2022. Over the period under review, total imports indicated a mild expansion 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, imports decreased by X% against 2020 indices. The growth pace was the most rapid in 2014 when imports increased by X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest industrial sewing machine supplier to Canada, accounting for a X% share of total imports. Moreover, industrial sewing machine imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sevenfold. The third position in this ranking was taken by Vietnam (X units), with a X% share.

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

In value terms, the largest industrial sewing machine suppliers to Canada were China ($X), the United States ($X) and Japan ($X), with a combined X% share of total imports. Germany, Thailand, Vietnam, Italy and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Thailand, with a CAGR of X%, saw the highest rates of growth with regard to 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 sewing machine import price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild downturn. The pace of growth appeared the most rapid in 2018 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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