Canada: Market for Gearboxes and Speed Changers 2024

Market Size for Gearboxes and Speed Changers in Canada

The Canadian gearboxes and speed changers market skyrocketed to $X in 2022, surging by X% against the previous year. Over the period under review, consumption continues to indicate prominent growth. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Gearboxes and Speed Changers in Canada

In value terms, gearboxes and speed changers production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible increase. Gearboxes and speed changers production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Gearboxes and Speed Changers

Exports from Canada

In 2022, shipments abroad of gearboxes and speed changers increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports recorded a relatively flat trend pattern. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, gearboxes and speed changers exports soared to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for gearboxes and speed changers exports from Canada, accounting for a X% share of total exports. Moreover, gearboxes and speed changers exports to the United States exceeded the volume sent to the second major destination, Australia (X tons), more than tenfold. France (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and France (X% per year).

In value terms, the United States ($X) remains the key foreign market for gearboxes and speed changers exports from Canada, comprising X% of total exports. The second position in the ranking was held by Australia ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, 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: Australia (X% per year) and France (X% per year).

Export Prices by Country

The average gearboxes and speed changers export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Mexico ($X per ton) and the United States ($X per ton), while the average price for exports to France ($X per ton) and Australia ($X per ton) were 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 (X%), while the prices for the other major destinations experienced a decline.

Imports of Gearboxes and Speed Changers

Imports into Canada

In 2022, purchases abroad of gearboxes and speed changers increased by X% to X tons, rising for the second year in a row after four years of decline. Overall, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, gearboxes and speed changers imports soared to $X in 2022. In general, imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest gearboxes and speed changers supplier to Canada, accounting for a X% share of total imports. Moreover, gearboxes and speed changers imports from the United States exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. China (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the United States ($X) constituted the largest supplier of gearboxes and speed changers to Canada, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average gearboxes and speed changers import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per ton) and Poland ($X per ton), while the price for Italy ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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