Canada: Milking Machine Market 2024

Milking Machine Market Size in Canada

The Canadian milking machine market contracted sharply to $X in 2022, with a decrease of X% against the previous year. In general, consumption saw a deep contraction. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Milking Machine Production in Canada

In value terms, milking machine production fell rapidly to $X in 2022 estimated in export price. In general, production saw a abrupt shrinkage. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Milking machine production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Milking Machine Exports

Exports from Canada

In 2022, shipments abroad of milking machines was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports showed a strong increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, milking machine exports surged to $X in 2022. In general, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

The United States (X units), Japan (X units) and the Netherlands (X units) were the main destinations of milking machine exports from Canada, with a combined X% share of total exports.

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

In value terms, the largest markets for milking machine exported from Canada were the United States ($X), Japan ($X) and the Netherlands ($X), together accounting for X% of total exports.

Japan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average milking machine export price amounted to $X per unit, declining by X% against the previous year. In general, the export price, however, continues to indicate a pronounced increase. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price attained the peak level of $X per unit, and then declined significantly in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per unit) and the United States ($X per unit), while the average price for exports to Argentina ($X per unit) and Japan ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Milking Machine Imports

Imports into Canada

Milking machine imports into Canada reduced to X units in 2022, with a decrease of X% on the previous year's figure. In general, total imports indicated mild growth from 2012 to 2022: its volume 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 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, milking machine imports reached $X in 2022. Over the period under review, imports, however, recorded resilient growth. The growth pace was the most rapid in 2013 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Sweden (X units) constituted the largest milking machine supplier to Canada, with a X% share of total imports. Moreover, milking machine imports from Sweden exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold.

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

In value terms, the United States ($X) constituted the largest supplier of milking machines to Canada, comprising X% of total imports. The second position in the ranking was held by Sweden ($X), with a X% share of total imports.

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

Import Prices by Country

The average milking machine import price stood at $X per unit in 2022, picking up by X% against the previous year. In general, the import price posted a resilient expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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