Canada: Dairy Machinery Market 2024

Dairy Machinery Market Size in Canada

The Canadian dairy machinery market rose remarkably to $X in 2022, with an increase of 13% against the previous year. In general, consumption showed a buoyant expansion. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Dairy Machinery Production in Canada

In value terms, dairy machinery production skyrocketed to $X in 2022 estimated in export price. Overall, production recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 111%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Dairy Machinery Exports

Exports from Canada

Dairy machinery exports from Canada skyrocketed to X units in 2022, increasing by 88% against the year before. Overall, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 164%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, dairy machinery exports soared to $X in 2022. Over the period under review, exports showed a resilient expansion. The pace of growth was the most pronounced in 2014 with an increase of 159%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for dairy machinery exports from Canada, with a 69% share of total exports. Moreover, dairy machinery exports to the United States exceeded the volume sent to the second major destination, China (X units), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+176.7% per year) and the UK (-31.3% per year).

In value terms, the United States ($X) remains the key foreign market for dairy machinery exports from Canada, comprising 70% of total exports. The second position in the ranking was taken by China ($X), with a 29% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +13.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+163.9% per year) and the UK (-40.0% per year).

Export Prices by Country

In 2022, the average dairy machinery export price amounted to $X per unit, with a decrease of -13.2% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 14%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021, and then dropped in the following year.

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 ($X per unit), while the average price for exports to the UK ($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 States (+0.4%), while the prices for the other major destinations experienced a decline.

Dairy Machinery Imports

Imports into Canada

After two years of decline, overseas purchases of dairy machinery increased by 24% to X units in 2022. Overall, imports saw a tangible expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 239% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, dairy machinery imports expanded rapidly to $X in 2022. In general, imports enjoyed a measured increase. The most prominent rate of growth was recorded in 2019 with an increase of 209%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of dairy machinery to Canada, accounting for a 48% share of total imports. Moreover, dairy machinery imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was held by Italy (X units), with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+42.3% per year) and Italy (+7.4% per year).

In value terms, the United States ($X) constituted the largest supplier of dairy machinery to Canada, comprising 48% of total imports. The second position in the ranking was held by Germany ($X), with a 21% share of total imports. It was followed by Italy, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+42.4% per year) and Italy (+7.5% per year).

Import Prices by Country

The average dairy machinery import price stood at $X per unit in 2022, shrinking by -7.5% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 6.9%. As a result, import price reached the peak level of $X per unit, and then fell in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($X per unit) and the United States ($X per unit), while the price for France ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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