Canada: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in Canada

The Canadian wood drilling machine market reduced to $X in 2021, shrinking by -9.8% against the previous year. In general, consumption showed a resilient expansion. Over the period under review, the market reached the maximum level at $X in 2020, and then reduced in the following year.

Wood Drilling Machine Production in Canada

In value terms, wood drilling machine production dropped to $X in 2021 estimated in export price. Overall, production enjoyed prominent growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by 40% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then shrank in the following year.

Wood Drilling Machine Exports

Exports from Canada

In 2021, shipments abroad of drilling or morticing machines increased by 108% to X units, rising for the second year in a row after four years of decline. In general, exports, however, saw a pronounced contraction. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, wood drilling machine exports soared to $X in 2021. Overall, exports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of 33% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for wood drilling machine exports from Canada, accounting for a 89% share of total exports. Moreover, wood drilling machine exports to the United States exceeded the volume sent to the second major destination, Denmark (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+7.0% per year) and the UK (+9.2% per year).

In value terms, the United States ($X) remains the key foreign market for drilling or morticing machines exports from Canada, comprising 80% of total exports. The second position in the ranking was taken by Denmark ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+7.8% per year) and the UK (+3.8% per year).

Export Prices by Country

In 2021, the average wood drilling machine export price amounted to $X per unit, shrinking by -40.5% against the previous year. Over the period under review, the export price saw a perceptible setback. The most prominent rate of growth was recorded in 2017 an increase of 74% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.4%), while the prices for the other major destinations experienced mixed trend patterns.

Wood Drilling Machine Imports

Imports into Canada

In 2021, after two years of decline, there was significant growth in purchases abroad of drilling or morticing machines, when their volume increased by 44% to X units. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, wood drilling machine imports declined to $X in 2021. Overall, total imports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +22.6% against 2019 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 37% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of wood drilling machine to Canada, accounting for a 66% share of total imports. Moreover, wood drilling machine imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sixfold. Germany (X units) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.4% per year) and Germany (+16.0% per year).

In value terms, China ($X) constituted the largest supplier of drilling or morticing machines to Canada, comprising 39% of total imports. The second position in the ranking was held by Germany ($X), with a 17% share of total imports. It was followed by Italy, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+18.5% per year) and Italy (-0.9% per year).

Import Prices by Country

In 2021, the average wood drilling machine import price amounted to $X per unit, reducing by -34.2% against the previous year. Overall, the import price saw a pronounced shrinkage. The growth pace was the most rapid in 2020 an increase of 46% against the previous year. As a result, import price reached the peak level of $X per unit, and then contracted markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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