Canada: Construction Equipment Blade Market 2024

Construction Equipment Blade Market Size in Canada

The Canadian construction equipment blade market surged to $X in 2022, increasing by 37% against the previous year. In general, consumption saw measured growth. Construction equipment blade consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Construction Equipment Blade Production in Canada

In value terms, construction equipment blade production expanded slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 43% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Construction Equipment Blade Exports

Exports from Canada

In 2022, shipments abroad of blades for construction equipment increased by 9.4% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports continue to indicate a moderate increase. The pace of growth appeared the most rapid in 2017 with an increase of 285% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, construction equipment blade exports expanded sharply to $X in 2022. In general, exports showed a pronounced increase. The pace of growth was the most pronounced in 2017 when exports increased by 151% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for construction equipment blade exports from Canada, with a 96% share of total exports. It was followed by Australia (X units), with a 1.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +2.9%.

In value terms, the United States ($X) remains the key foreign market for blades for construction equipment exports from Canada, comprising 96% of total exports. The second position in the ranking was held by Australia ($X), with a 1.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +3.1%.

Export Prices by Country

In 2022, the average construction equipment blade export price amounted to $X per unit, with an increase of 4.6% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 65% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably 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 Australia amounted to $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 (+0.2%).

Construction Equipment Blade Imports

Imports into Canada

In 2022, supplies from abroad of blades for construction equipment increased by 128% to X units, rising for the second consecutive year after two years of decline. Overall, imports recorded a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, construction equipment blade imports soared to $X in 2022. In general, imports continue to indicate a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X units), Japan (X units) and China (X units) were the main suppliers of construction equipment blade imports to Canada, with a combined 88% share of total imports. Spain, Austria, Brazil and Mexico lagged somewhat behind, together comprising a further 9.2%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +83.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest construction equipment blade suppliers to Canada were the United States ($X), Japan ($X) and China ($X), with a combined 88% share of total imports. Spain, Austria, Brazil and Mexico lagged somewhat behind, together accounting for a further 9.2%.

Among the main suppliers, Spain, with a CAGR of +77.1%, 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

The average construction equipment blade import price stood at $X per unit in 2022, falling by -8.7% against the previous year. Over the period under review, the import price saw a noticeable descent. The pace of growth was the most pronounced in 2021 an increase of 5.8% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Mexico ($X per unit) and the United States ($X per unit), while the price for Austria ($X per unit) and Spain ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :