Canada: Meat-Preparation Industrial Machinery Market 2024

Meat-Preparation Industrial Machinery Market Size in Canada

In 2022, the Canadian meat-preparation industrial machinery market decreased by -34.7% to $X for the first time since 2015, thus ending a six-year rising trend. Overall, consumption, however, saw a moderate increase. As a result, consumption attained the peak level of $X, and then dropped dramatically in the following year.

Meat-Preparation Industrial Machinery Exports

Exports from Canada

In 2022, overseas shipments of industrial machinery for the preparation of meat or poultry increased by 62% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports enjoyed a notable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 188% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, meat-preparation industrial machinery exports soared to $X in 2022. Overall, exports posted a temperate increase. The pace of growth was the most pronounced in 2021 with an increase of 180% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X units) was the main destination for meat-preparation industrial machinery exports from Canada, accounting for a 85% share of total exports. Moreover, meat-preparation industrial machinery exports to the United States exceeded the volume sent to the second major destination, Indonesia (X units), more than tenfold. The third position in this ranking was taken by Brazil (X units), with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+88.0% per year) and Brazil (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for industrial machinery for the preparation of meat or poultry exports from Canada, comprising 85% of total exports. The second position in the ranking was held by Indonesia ($X), with a 3.6% share of total exports. It was followed by the Netherlands, with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+139.0% per year) and the Netherlands (-0.6% per year).

Export Prices by Country

The average meat-preparation industrial machinery export price stood at $X per unit in 2022, waning by -5.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2017 when the average export price increased by 6.1%. The export price peaked at $X per unit in 2020; however, from 2021 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 countries with the highest prices were the Netherlands ($X per unit) and Spain ($X per unit), while the average price for exports to Brazil ($X per unit) and Indonesia ($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 Indonesia (+27.1%), while the prices for the other major destinations experienced more modest paces of growth.

Meat-Preparation Industrial Machinery Imports

Imports into Canada

In 2022, supplies from abroad of industrial machinery for the preparation of meat or poultry decreased by -31.2% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 84% against the previous year. As a result, imports attained the peak of X units, and then fell remarkably in the following year.

In value terms, meat-preparation industrial machinery imports declined notably to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 31% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

China (X units), the United States (X units) and the Netherlands (X units) were the main suppliers of meat-preparation industrial machinery imports to Canada, together accounting for 78% of total imports. Italy, Brazil, Germany and Denmark lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +43.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest meat-preparation industrial machinery suppliers to Canada were the United States ($X), Germany ($X) and the Netherlands ($X), with a combined 65% share of total imports. Denmark, China, Italy and Brazil lagged somewhat behind, together accounting for a further 19%.

Brazil, with a CAGR of +29.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average meat-preparation industrial machinery import price amounted to $X per unit, which is down by -7.2% against the previous year. In general, the import price saw a deep contraction. The most prominent rate of growth was recorded in 2015 an increase of 29% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :