Canada: Working Wire Machine Market 2022

Working Wire Machine Market Size in Canada

The Canadian working wire machine market surged to $X in 2021, jumping by 22% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw significant growth. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Working Wire Machine Exports

Exports from Canada

In 2021, exports of machines for working wire from Canada surged to X units, increasing by 106% on 2020. Overall, exports continue to indicate noticeable growth. The pace of growth was the most pronounced in 2020 with an increase of 200%. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, working wire machine exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2020 when exports increased by 171%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for working wire machine exports from Canada, with a 81% share of total exports. Moreover, working wire machine exports to the United States exceeded the volume sent to the second major destination, China (X units), sixfold.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +13.2%.

In value terms, the United States ($X) remains the key foreign market for working wire machine exports from Canada, comprising 85% of total exports. The second position in the ranking was held by China ($X), with a 5.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +9.7%.

Export Prices by Country

The average working wire machine export price stood at $X per unit in 2021, rising by 11% against the previous year. Overall, the export price, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2016 an increase of 103%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+19.5%), while the prices for the other major destinations experienced a decline.

Working Wire Machine Imports

Imports into Canada

In 2021, the amount of machines for working wire imported into Canada soared to X units, jumping by 21% against the year before. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 293% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, working wire machine imports skyrocketed to $X in 2021. Over the period under review, imports recorded resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 503%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The United States (X units), Italy (X units) and China (X units) were the main suppliers of working wire machine imports to Canada, together accounting for 59% of total imports. Germany, Spain, India, Switzerland and Ireland lagged somewhat behind, together comprising a further 29%.

From 2012 to 2021, the biggest increases were in India (with a CAGR of +89.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and China ($X) were the largest working wire machine suppliers to Canada, with a combined 48% share of total imports. These countries were followed by Switzerland, Italy, India, Spain and Ireland, which together accounted for a further 24%.

India, with a CAGR of +113.3%, recorded the highest growth rate of 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

In 2021, the average working wire machine import price amounted to $X per unit, with an increase of 10% against the previous year. Overall, the import price, however, recorded a deep slump. The growth pace was the most rapid in 2019 an increase of 53% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Ireland ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+35.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :