Canada: Confectionery-Making Industrial Machinery Market 2024

Confectionery-Making Industrial Machinery Exports

Exports from Canada

Confectionery-making industrial machinery exports from Canada soared to X units in 2022, growing by 62% against 2021. Over the period under review, exports recorded resilient growth. The pace of growth was the most pronounced in 2014 when exports increased by 122%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, confectionery-making industrial machinery exports soared to $X in 2022. Overall, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2018 when exports increased by 136%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for confectionery-making industrial machinery exports from Canada, accounting for a 89% share of total exports. Moreover, confectionery-making industrial machinery exports to the United States exceeded the volume sent to the second major destination, South Korea (X units), more than tenfold. China (X units) ranked third in terms of total exports with a 2% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +23.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (0.0% per year) and China (-9.1% per year).

In value terms, the United States ($X) remains the key foreign market for industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate exports from Canada, comprising 89% of total exports. The second position in the ranking was taken by South Korea ($X), with a 5.4% share of total exports. It was followed by China, with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +25.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+107.3% per year) and China (-2.7% per year).

Export Prices by Country

The average confectionery-making industrial machinery export price stood at $X per unit in 2022, with a decrease of -11% against the previous year. In general, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the average export price increased by 87%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a 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 Germany ($X per unit) and South Korea ($X per unit), while the average price for exports to India ($X per unit) and China ($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 Italy (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Confectionery-Making Industrial Machinery Imports

Imports into Canada

After two years of decline, supplies from abroad of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate increased by 78% to X units in 2022. In general, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 262%. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, confectionery-making industrial machinery imports soared to $X in 2022. Overall, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 262%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The Netherlands (X units), Germany (X units) and the United States (X units) were the main suppliers of confectionery-making industrial machinery imports to Canada, together accounting for 65% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +38.6%), while purchases for the other leaders experienced more modest paces of growth.

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

The Netherlands, with a CAGR of +39.7%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average confectionery-making industrial machinery import price stood at $X per unit in 2022, dropping by -6.4% against the previous year. Over the period under review, the import price, however, continues to indicate a modest increase. The growth pace was the most rapid in 2014 when the average import price increased by 11%. Over the period under review, average import prices attained the maximum at $X per unit in 2021, and then reduced in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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