Canada: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in Canada

The Canadian food manufacture machinery market skyrocketed to $X in 2021, with an increase of 64% against the previous year. In general, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Food Manufacture Machinery Production in Canada

In value terms, food manufacture machinery production soared to $X in 2021 estimated in export price. Overall, the total production indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -24.3% against 2019 indices. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Food Manufacture Machinery Exports

Exports from Canada

In 2021, the amount of machinery for the preparation or manufacture of food or drink exported from Canada totaled X units, therefore, remained relatively stable against the previous year. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 459% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, food manufacture machinery exports rose sharply to $X in 2021. In general, total exports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -28.2% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 55% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for food manufacture machinery exports from Canada, accounting for a 77% share of total exports. Moreover, food manufacture machinery exports to the United States exceeded the volume sent to the second major destination, Brazil (X units), more than tenfold. The third position in this ranking was held by Poland (X units), with a 5% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+12.7% per year) and Poland (+29.7% per year).

In value terms, the United States ($X) remains the key foreign market for machinery for the preparation or manufacture of food or drink exports from Canada, comprising 77% of total exports. The second position in the ranking was taken by Brazil ($X), with a 5.3% share of total exports. It was followed by Poland, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+16.8% per year) and Poland (+34.4% per year).

Export Prices by Country

In 2021, the average food manufacture machinery export price amounted to $X per unit, increasing by 9.5% against the previous year. In general, the export price showed a temperate increase. The pace of growth appeared the most rapid in 2015 an increase of 661% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the countries with the highest prices were China ($X per unit) and the Netherlands ($X per unit), while the average price for exports to the United States ($X per unit) and Belgium ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Food Manufacture Machinery Imports

Imports into Canada

For the third consecutive year, Canada recorded growth in supplies from abroad of machinery for the preparation or manufacture of food or drink, which increased by 67% to X units in 2021. In general, imports posted a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 74% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, food manufacture machinery imports skyrocketed to $X in 2021. Over the period under review, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +35.4% against 2013 indices. The growth pace was the most rapid in 2013 with an increase of 51%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X units) constituted the largest supplier of food manufacture machinery to Canada, accounting for a 57% share of total imports. Moreover, food manufacture machinery imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. Italy (X units) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +35.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+15.8% per year) and Italy (+13.8% per year).

In value terms, the United States ($X) constituted the largest supplier of machinery for the preparation or manufacture of food or drink to Canada, comprising 34% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Italy, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+20.5% per year) and Italy (+3.3% per year).

Import Prices by Country

The average food manufacture machinery import price stood at $X per unit in 2021, with a decrease of -25.9% against the previous year. Overall, the import price showed a deep reduction. The pace of growth appeared the most rapid in 2018 an increase of 40% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-7.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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