Canada: Market for Machines For Preparing, Weaving And Knitting Textiles 2024

Market Size for Machines For Preparing, Weaving And Knitting Textiles in Canada

In 2021, the Canadian market for machines for preparing, weaving and knitting textiles decreased by -2.4% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, enjoyed a buoyant expansion. Textile weaving and knitting machinery consumption peaked at $X in 2020, and then dropped in the following year.

Production of Machines For Preparing, Weaving And Knitting Textiles in Canada

In value terms, textile weaving and knitting machinery production declined to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 33%. Over the period under review, production reached the maximum level at $X in 2020, and then fell in the following year.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from Canada

In 2021, textile weaving and knitting machinery exports from Canada reduced notably to X units, with a decrease of -24.5% compared with 2020. In general, exports showed a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 15% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, textile weaving and knitting machinery exports skyrocketed to $X in 2021. Over the period under review, exports saw a pronounced downturn. The pace of growth was the most pronounced in 2014 when exports increased by 40% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for textile weaving and knitting machinery exports from Canada, with a 68% share of total exports. Moreover, textile weaving and knitting machinery exports to the United States exceeded the volume sent to the second major destination, China (X units), fivefold. The third position in this ranking was held by Germany (X units), with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+21.9% per year) and Germany (-9.8% per year).

In value terms, the United States ($X) remains the key foreign market for machines for preparing, weaving and knitting textiles exports from Canada, comprising 62% of total exports. The second position in the ranking was taken by China ($X), with a 21% share of total exports. It was followed by the Czech Republic, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+10.3% per year) and the Czech Republic (+51.9% per year).

Export Prices by Country

In 2021, the average export price for machines for preparing, weaving and knitting textiles amounted to $X per unit, surging by 75% against the previous year. Overall, export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports into Canada

In 2021, overseas purchases of machines for preparing, weaving and knitting textiles increased by 29% to X units, rising for the second year in a row after two years of decline. Overall, total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +3.6% 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 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 131% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, textile weaving and knitting machinery imports skyrocketed to $X in 2021. In general, total imports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 94% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Germany (X units), Japan (X units) and the United States (X units) were the main suppliers of textile weaving and knitting machinery imports to Canada, with a combined 65% share of total imports. China, Italy, Taiwan (Chinese) and Thailand lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +143.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Japan ($X) and Italy ($X) appeared to be the largest textile weaving and knitting machinery suppliers to Canada, with a combined 49% share of total imports. These countries were followed by the United States, China, Taiwan (Chinese) and Thailand, which together accounted for a further 25%.

Thailand, with a CAGR of +69.9%, saw 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 2021, the average import price for machines for preparing, weaving and knitting textiles amounted to $X per unit, surging by 21% against the previous year. Overall, the import price, however, showed a noticeable decline. The pace of growth appeared the most rapid in 2018 an increase of 24% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, 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 Italy ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :