Canada: Computing Machinery Market 2024

Computing Machinery Market Size in Canada

In 2021, the Canadian computing machinery market increased by 12% to $X, rising for the fifth consecutive year after three years of decline. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Computing Machinery Exports

Exports from Canada

In 2021, overseas shipments of computing machinery and parts and accessories thereof increased by 6% to X tons for the first time since 2015, thus ending a five-year declining trend. Overall, exports, however, recorded a abrupt decrease. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, computing machinery exports expanded rapidly to $X in 2021. In general, exports, however, continue to indicate a slight slump. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for computing machinery exports from Canada, accounting for a 70% share of total exports. Moreover, computing machinery exports to the United States exceeded the volume sent to the second major destination, China (X tons), more than tenfold. Singapore (X tons) ranked third in terms of total exports with a 2.7% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-0.5% per year) and Singapore (-5.2% per year).

In value terms, the United States ($X) remains the key foreign market for computing machinery and parts and accessories thereof exports from Canada, comprising 69% of total exports. The second position in the ranking was held by Japan ($X), with a 2.9% share of total exports. It was followed by the Netherlands, with a 2.5% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+2.6% per year) and the Netherlands (-4.1% per year).

Export Prices by Country

In 2021, the average computing machinery export price amounted to $X per ton, picking up by 4.3% against the previous year. Overall, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, computing machinery export price increased by +45.7% against 2014 indices. The growth pace was the most rapid in 2019 when the average export price increased by 12% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Computing Machinery Imports

Imports into Canada

In 2021, after seven years of decline, there was growth in purchases abroad of computing machinery and parts and accessories thereof, when their volume increased by 2.1% to X tons. Over the period under review, imports, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2013 when imports increased by 5.6%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, computing machinery imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest computing machinery supplier to Canada, accounting for a 36% share of total imports. Moreover, computing machinery imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was taken by Japan (X tons), with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.3% per year) and Japan (-9.6% per year).

In value terms, China ($X) constituted the largest supplier of computing machinery and parts and accessories thereof to Canada, comprising 53% of total imports. The second position in the ranking was held by the United States ($X), with a 13% share of total imports. It was followed by Mexico, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.3% per year) and Mexico (+5.3% per year).

Import Prices by Country

In 2021, the average computing machinery import price amounted to $X per ton, with an increase of 13% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, computing machinery import price increased by +70.2% against 2013 indices. The pace of growth was the most pronounced in 2020 an increase of 15%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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