Canada: Bulldozer Market 2024

Bulldozer Market Size in Canada

The Canadian bulldozer market was finally on the rise to reach $X in 2022, after three years of decline. Overall, consumption, however, continues to indicate a perceptible reduction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Bulldozer Exports

Exports from Canada

In 2022, overseas shipments of bulldozers and angle dozers increased by 39% to X units, rising for the second consecutive year after two years of decline. Overall, exports saw a temperate expansion. The most prominent rate of growth was recorded in 2021 with an increase of 71% against the previous year. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, bulldozer exports soared to $X in 2022. Over the period under review, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +147.0% against 2020 indices. The pace of growth was the most pronounced in 2018 when exports increased by 61%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for bulldozer exports from Canada, with a 79% share of total exports. Moreover, bulldozer exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X units), more than tenfold. Vietnam (X units) ranked third in terms of total exports with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+46.3% per year) and Vietnam (+19.6% per year).

In value terms, the United States ($X) remains the key foreign market for bulldozers and angle dozers exports from Canada, comprising 83% of total exports. The second position in the ranking was taken by Ghana ($X), with a 1.4% share of total exports. It was followed by Chile, with a 1.2% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (+5.1% per year) and Chile (+7.0% per year).

Export Prices by Country

The average bulldozer export price stood at $X per unit in 2022, growing by 11% against the previous year. In general, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 an increase of 62% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the United Arab Emirates ($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 the United Arab Emirates (+42.5%), while the prices for the other major destinations experienced more modest paces of growth.

Bulldozer Imports

Imports into Canada

In 2022, purchases abroad of bulldozers and angle dozers increased by 22% to X units for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2017 with an increase of 62%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, bulldozer imports soared to $X in 2022. Overall, imports, however, continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2017 when imports increased by 76%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest bulldozer supplier to Canada, accounting for a 64% share of total imports. Moreover, bulldozer imports from the United States exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. The third position in this ranking was held by Brazil (X units), with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to -5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-2.8% per year) and Brazil (+10.9% per year).

In value terms, the United States ($X) constituted the largest supplier of bulldozers and angle dozers to Canada, comprising 63% of total imports. The second position in the ranking was held by Japan ($X), with a 20% share of total imports. It was followed by Brazil, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+1.8% per year) and Brazil (+20.5% per year).

Import Prices by Country

In 2022, the average bulldozer import price amounted to $X per unit, growing by 25% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bulldozer import price increased by +40.2% against 2020 indices. The growth pace was the most rapid in 2018 an increase of 52% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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