Canada: Loading Machinery Market 2025

Loading Machinery Market Size in Canada

The Canadian loading machinery market shrank notably to $X in 2022, waning by -17.1% against the previous year. Overall, consumption recorded a pronounced downturn. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Loading Machinery Production in Canada

In value terms, loading machinery production fell to $X in 2022 estimated in export price. Overall, production continues to indicate a mild setback. The most prominent rate of growth was recorded in 2016 with an increase of 20%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Loading Machinery Exports

Exports from Canada

In 2022, overseas shipments of lifting, handling, loading or unloading machinery increased by 31% to X units, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, loading machinery exports soared to $X in 2022. The total export value increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 25%. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

The United States (X units) was the main destination for loading machinery exports from Canada, accounting for a 85% share of total exports. It was followed by the Netherlands (X units), with a 2.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-5.4% per year) and China (+8.7% per year).

In value terms, the United States ($X) remains the key foreign market for lifting, handling, loading or unloading machinery exports from Canada, comprising 85% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 2.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-5.2% per year) and China (+9.0% per year).

Export Prices by Country

In 2022, the average loading machinery export price amounted to $X per unit, dropping by -11.5% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 11%. The export price peaked at $X per unit in 2021, and then dropped in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to China ($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 (+0.3%), while the prices for the other major destinations experienced more modest paces of growth.

Loading Machinery Imports

Imports into Canada

After two years of growth, overseas purchases of lifting, handling, loading or unloading machinery decreased by -10.1% to X units in 2022. Over the period under review, total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.3% against 2015 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 35% against the previous year. As a result, imports attained the peak of X units, and then shrank in the following year.

In value terms, loading machinery imports contracted to $X in 2022. In general, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.5% against 2015 indices. The pace of growth appeared the most rapid in 2021 with an increase of 35% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, the United States (X units) constituted the largest loading machinery supplier to Canada, with a 45% share of total imports. Moreover, loading machinery imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. Mexico (X units) ranked third in terms of total imports with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.6% per year) and Mexico (+5.6% per year).

In value terms, the United States ($X) constituted the largest supplier of lifting, handling, loading or unloading machinery to Canada, comprising 45% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by Mexico, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.7% per year) and Mexico (+5.7% per year).

Import Prices by Country

The average loading machinery import price stood at $X per unit in 2022, picking up by 3.7% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 5.5% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per unit) and Mexico ($X per unit), while the price for Italy ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+0.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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