Canada: Market for Industrial Sewing Machines (Non-Automatic) 2024

Market Size for Industrial Sewing Machines (Non-Automatic) in Canada

In 2022, the Canadian industrial sewing machines (non-automatic) market decreased by -32.2% to $X, falling for the second consecutive year after four years of growth. Over the period under review, consumption, however, recorded a notable increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Canada

In 2022, exports of industrial sewing machines (non-automatic) from Canada dropped significantly to X units, reducing by -46.8% against the previous year's figure. In general, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 491%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, industrial sewing machines (non-automatic) exports declined significantly to $X in 2022. Overall, exports saw a slight decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 458% against the previous year. As a result, the exports reached the peak of $X, and then shrank significantly in the following year.

Exports by Country

The United States (X units) was the main destination for industrial sewing machines (non-automatic) exports from Canada, accounting for a 92% share of total exports. It was followed by Tunisia (X units), with a 2.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at -5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tunisia (0.0% per year) and Australia (+19.6% per year).

In value terms, the United States ($X) remains the key foreign market for industrial sewing machines (non-automatic) exports from Canada, comprising 86% of total exports. The second position in the ranking was held by Australia ($X), with a 2.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at -1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+11.5% per year) and Tunisia (0.0% per year).

Export Prices by Country

In 2022, the average industrial sewing machines (non-automatic) export price amounted to $X per unit, rising by 1.9% against the previous year. Overall, the export price saw prominent growth. The pace of growth was the most pronounced in 2019 an increase of 62%. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Tunisia ($X per unit) was 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 (+5.1%).

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Canada

In 2022, overseas purchases of industrial sewing machines (non-automatic) decreased by -38.8% to X units, falling for the second year in a row after six years of growth. Overall, imports, however, saw a pronounced increase. The growth pace was the most rapid in 2020 with an increase of 104%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, industrial sewing machines (non-automatic) imports fell markedly to $X in 2022. Over the period under review, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 25%. Over the period under review, imports hit record highs at $X in 2021, and then dropped rapidly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest industrial sewing machines (non-automatic) supplier to Canada, accounting for a 83% share of total imports. Moreover, industrial sewing machines (non-automatic) imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), tenfold. Vietnam (X units) ranked third in terms of total imports with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.3% per year) and Vietnam (+20.6% per year).

In value terms, China ($X) constituted the largest supplier of industrial sewing machines (non-automatic) to Canada, comprising 43% of total imports. The second position in the ranking was taken by the United States ($X), with an 18% share of total imports. It was followed by Japan, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.2% per year) and Japan (+3.0% per year).

Import Prices by Country

The average industrial sewing machines (non-automatic) import price stood at $X per unit in 2022, surging by 25% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 28% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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