Canada: Industrial Bakery Machinery Market 2025

Industrial Bakery Machinery Market Size in Canada

In 2022, the Canadian industrial bakery machinery market increased by 18% to $X, rising for the second year in a row after two years of decline. Overall, consumption continues to indicate a resilient expansion. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Industrial Bakery Machinery Production in Canada

In value terms, industrial bakery machinery production stood at $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild curtailment. The growth pace was the most rapid in 2015 when the production volume increased by 77% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Industrial Bakery Machinery Exports

Exports from Canada

Industrial bakery machinery exports from Canada expanded rapidly to X units in 2022, growing by 12% against the previous year's figure. Overall, total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, industrial bakery machinery exports rose rapidly to $X in 2022. In general, total exports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X units) was the main destination for industrial bakery machinery exports from Canada, with a 71% share of total exports. Moreover, industrial bakery machinery exports to the United States exceeded the volume sent to the second major destination, the UK (X units), eightfold. Germany (X units) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+9.7% per year) and Germany (+11.6% per year).

In value terms, the United States ($X) remains the key foreign market for industrial bakery machinery exports from Canada, comprising 71% of total exports. The second position in the ranking was held by the UK ($X), with an 8.4% share of total exports. It was followed by Germany, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+9.2% per year) and Germany (+11.1% per year).

Export Prices by Country

In 2022, the average industrial bakery machinery export price amounted to $X per unit, shrinking by -6.2% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 9%. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then fell in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per unit) and Brazil ($X per unit), while the average price for exports to the UK ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-0.4%), while the prices for the other major destinations experienced a decline.

Industrial Bakery Machinery Imports

Imports into Canada

In 2022, the amount of industrial bakery machinery imported into Canada skyrocketed to X units, jumping by 31% against 2021. In general, imports posted a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 96% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, industrial bakery machinery imports skyrocketed to $X in 2022. Overall, imports enjoyed prominent growth. The growth pace was the most rapid in 2013 when imports increased by 96%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

The United States (X units), Italy (X units) and the Netherlands (X units) were the main suppliers of industrial bakery machinery imports to Canada, together comprising 65% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +48.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial bakery machinery suppliers to Canada were the United States ($X), Italy ($X) and the Netherlands ($X), together accounting for 65% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +47.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average industrial bakery machinery import price stood at $X per unit in 2022, dropping by -5.5% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 3.7% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 ($X per unit) and Italy ($X per unit), while the price for the UK ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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