Canada: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Canada

The Canadian machine-tool for working wood market skyrocketed to $X in 2021, growing by 42% against the previous year. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Machine-tool for working wood consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Production of Machine-Tools For Working Wood in Canada

In value terms, machine-tool for working wood production soared to $X in 2021 estimated in export price. In general, production saw a pronounced expansion. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Exports of Machine-Tools For Working Wood

Exports from Canada

In 2021, overseas shipments of machine-tools for working wood were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 34% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, machine-tool for working wood exports surged to $X in 2021. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for machine-tool for working wood exports from Canada, with a 86% share of total exports. Moreover, machine-tool for working wood exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), more than tenfold. The third position in this ranking was held by Australia (X tons), with a 1.5% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+7.4% per year) and Australia (+6.6% per year).

In value terms, the United States ($X) remains the key foreign market for machine-tools for working wood exports from Canada, comprising 85% of total exports. The second position in the ranking was taken by the UK ($X), with a 3.6% share of total exports. It was followed by Australia, with a 1.4% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+9.8% per year) and Australia (+6.6% per year).

Export Prices by Country

The average machine-tool for working wood export price stood at $X per ton in 2021, surging by 6.1% against the previous year. In general, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were the UK ($X per ton) and the United States ($X per ton), while the average price for exports to Australia ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Wood

Imports into Canada

In 2021, supplies from abroad of machine-tools for working wood increased by 33% to X tons, rising for the fifth year in a row after three years of decline. Overall, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +85.4% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for working wood imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +5.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest machine-tool for working wood supplier to Canada, accounting for a 40% share of total imports. Moreover, machine-tool for working wood imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+10.0% per year) and the United States (+2.9% per year).

In value terms, China ($X), Taiwan (Chinese) ($X) and the United States ($X) appeared to be the largest machine-tool for working wood suppliers to Canada, together comprising 66% of total imports.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +8.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average machine-tool for working wood import price amounted to $X per ton, reducing by -6.4% against the previous year. Over the period under review, the import price saw a slight contraction. The growth pace was the most rapid in 2013 when the average import price increased by 0.5% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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