Canada: Endless Machinery Band Market 2025

Endless Machinery Band Market Size in Canada

The Canadian endless machinery band market fell notably to $X in 2021, shrinking by -42.5% against the previous year. In general, consumption saw a deep reduction. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Endless Machinery Band Production in Canada

In value terms, endless machinery band production contracted slightly to $X in 2021 estimated in export price. Over the period under review, production showed a mild shrinkage. The pace of growth appeared the most rapid in 2016 when the production volume increased by 13%. Endless machinery band production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Endless Machinery Band Exports

Exports from Canada

In 2021, endless machinery band exports from Canada soared to X square meters, rising by 102% against the previous year. Overall, exports showed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, endless machinery band exports skyrocketed to $X in 2021. In general, total exports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +114.3% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X square meters) was the main destination for endless machinery band exports from Canada, accounting for a 39% share of total exports. Moreover, endless machinery band exports to the United States exceeded the volume sent to the second major destination, Mexico (X square meters), twofold. The third position in this ranking was held by Germany (X square meters), with an 8.5% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+58.5% per year) and Germany (+9.2% per year).

In value terms, the United States ($X) remains the key foreign market for endless machinery band exports from Canada, comprising 52% of total exports. The second position in the ranking was held by Mexico ($X), with a 14% share of total exports. It was followed by Germany, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+48.1% per year) and Germany (+3.9% per year).

Export Prices by Country

The average endless machinery band export price stood at $X per square meter in 2021, with a decrease of -12.8% against the previous year. Over the period under review, the export price continues to indicate a perceptible reduction. The growth pace was the most rapid in 2016 when the average export price increased by 31% against the previous year. The export price peaked at $X per square meter in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per square meter), while the average price for exports to the Netherlands ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (-0.1%), while the prices for the other major destinations experienced a decline.

Endless Machinery Band Imports

Imports into Canada

In 2021, after two years of decline, there was significant growth in purchases abroad of endless bands for machinery, of stainless steel, when their volume increased by 9.4% to X square meters. In general, imports, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2018 with an increase of 125%. As a result, imports attained the peak of X square meters. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, endless machinery band imports expanded markedly to $X in 2021. Overall, imports, however, recorded a perceptible decrease. The growth pace was the most rapid in 2018 when imports increased by 111%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United States (X square meters) constituted the largest supplier of endless machinery band to Canada, accounting for a 50% share of total imports. Moreover, endless machinery band imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X square meters), twofold. China (X square meters) ranked third in terms of total imports with an 8% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at -13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.7% per year) and China (+1.1% per year).

In value terms, the United States ($X) constituted the largest supplier of endless machinery band to Canada, comprising 50% of total imports. The second position in the ranking was held by Germany ($X), with a 23% share of total imports. It was followed by Sweden, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at -8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.5% per year) and Sweden (+19.7% per year).

Import Prices by Country

The average endless machinery band import price stood at $X per square meter in 2021, surging by 2.3% against the previous year. In general, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, endless machinery band import price increased by +72.4% against 2018 indices. The growth pace was the most rapid in 2014 when the average import price increased by 38% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2015 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Sweden ($X per square meter), while the price for Mexico ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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