Canada: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in Canada

The Canadian industrial sewing machine market contracted notably to $X in 2022, which is down by -17.2% against the previous year. Over the period under review, consumption continues to indicate a deep setback. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Industrial Sewing Machine Production in Canada

In value terms, industrial sewing machine production shrank to $X in 2022 estimated in export price. In general, production faced a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 39% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Industrial Sewing Machine Exports

Exports from Canada

After two years of growth, overseas shipments of industrial sewing machines decreased by -0.9% to X units in 2022. Overall, total exports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +2.4% 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 +72.5% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 52%. Over the period under review, the exports hit record highs at X units in 2021, and then reduced slightly in the following year.

In value terms, industrial sewing machine exports contracted to $X in 2022. The total export value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when exports increased by 38% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for industrial sewing machine exports from Canada, with a 93% share of total exports. It was followed by France (X units), with a 2.5% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+5.0% per year) and Brazil (-24.0% per year).

In value terms, the United States ($X) remains the key foreign market for industrial sewing machines exports from Canada, comprising 57% of total exports. The second position in the ranking was taken by France ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+10.0% per year) and Brazil (-22.1% per year).

Export Prices by Country

The average industrial sewing machine export price stood at $X per unit in 2022, reducing by -5.5% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 44% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to the United States ($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 France (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Sewing Machine Imports

Imports into Canada

In 2022, overseas purchases of industrial sewing machines decreased by -32.7% to X units, falling for the second consecutive year after five years of growth. In general, imports, however, continue to indicate a moderate increase. The pace of growth was the most pronounced in 2020 when imports increased by 85%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, industrial sewing machine imports declined rapidly to $X in 2022. Overall, total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -21.8% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 36% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest industrial sewing machine supplier to Canada, accounting for a 74% share of total imports. Moreover, industrial sewing machine imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sevenfold. The third position in this ranking was taken by Vietnam (X units), with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.7% per year) and Vietnam (+29.3% per year).

In value terms, the largest industrial sewing machine suppliers to Canada were China ($X), the United States ($X) and Japan ($X), together accounting for 70% of total imports. Germany, Thailand, Vietnam, Italy and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 21%.

Thailand, with a CAGR of +114.5%, recorded 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 industrial sewing machine import price amounted to $X per unit, growing by 19% against the previous year. In general, the import price, however, showed a mild curtailment. The growth pace was the most rapid in 2013 an increase of 46% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 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 Thailand (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :