Canada: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2023

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Canada

The Canadian market for machine-tools for working stone, ceramics, and concrete rose markedly to $X in 2021, increasing by 11% against the previous year. Over the period under review, consumption, however, recorded a slight decrease. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Machine-Tools For Working Stone, Ceramics, And Concrete in Canada

In value terms, machine tools for working stone production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable descent. The pace of growth appeared the most rapid in 2015 when the production volume increased by 67%. Machine tools for working stone production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Canada

In 2021, overseas shipments of machine-tools for working stone, ceramics, and concrete were finally on the rise to reach X units after three years of decline. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, machine tools for working stone exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for machine tools for working stone exports from Canada, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +32.5%.

In value terms, the United States ($X) also remains the key foreign market for machine-tools for working stone, ceramics, and concrete exports from Canada.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +28.2%.

Export Prices by Country

In 2021, the average export price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, declining by -41.5% against the previous year. Overall, the export price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2019 an increase of 59% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -3.2% per year.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Canada

In 2021, the amount of machine-tools for working stone, ceramics, and concrete imported into Canada skyrocketed to X units, jumping by 17% on the previous year's figure. Over the period under review, imports recorded resilient growth. The pace of growth was the most pronounced in 2019 when imports increased by 97%. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, machine tools for working stone imports skyrocketed to $X in 2021. Overall, total imports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -8.3% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 56%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Italy (X units) and the United States (X units) were the main suppliers of machine tools for working stone imports to Canada, together accounting for 92% of total imports. These countries were followed by Germany and Spain, which together accounted for a further 3.9%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +16.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of machine-tools for working stone, ceramics, and concrete to Canada, comprising 55% of total imports. The second position in the ranking was held by the United States ($X), with a 13% share of total imports. It was followed by China, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.8% per year) and China (+4.9% per year).

Import Prices by Country

In 2021, the average import price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, with an increase of 8.7% against the previous year. Overall, the import price, however, showed a perceptible slump. The growth pace was the most rapid in 2020 an increase of 58%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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