Canada: Market for Machines For The Manufacture Of Flat Panel Displays 2022

Market Size for Machines For The Manufacture Of Flat Panel Displays in Canada

The Canadian panel display manufacturing machine market skyrocketed to $X in 2021, growing by 237% against the previous year. Overall, consumption recorded resilient growth. Panel display manufacturing machine consumption peaked in 2021 and is likely to see steady growth in years to come.

Production of Machines For The Manufacture Of Flat Panel Displays in Canada

In value terms, panel display manufacturing machine production contracted to $X in 2021 estimated in export price. In general, the total production indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +48.9% against 2015 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 35% against the previous year. As a result, production reached the peak level of $X, and then fell in the following year.

Exports of Machines For The Manufacture Of Flat Panel Displays

Exports from Canada

In 2021, the amount of machines for the manufacture of flat panel displays exported from Canada shrank significantly to X units, falling by -50% on the year before. In general, exports showed a sharp decline. The pace of growth was the most pronounced in 2014 when exports increased by 140%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, panel display manufacturing machine exports fell dramatically to $X in 2021. Overall, exports faced a dramatic contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 252% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

From 2012 to 2021, the average annual growth rate of volume to No country was relatively modest.

In value terms, the United States ($X) remains the key foreign market for panel display manufacturing machine exports from Canada, comprising 39% of total exports. The second position in the ranking was taken by the UK ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -15.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+36.4% per year) and China (-45.9% per year).

Export Prices by Country

The average panel display manufacturing machine export price stood at $X per unit in 2021, picking up by 95% against the previous year. Overall, the export price posted resilient growth. The growth pace was the most rapid in 2018 when the average export price increased by 160%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was China ($X per unit), while the average price for exports to the United States ($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 Mexico (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines For The Manufacture Of Flat Panel Displays

Imports into Canada

In 2021, imports of machines for the manufacture of flat panel displays into Canada surged to X units, picking up by 287% against the previous year's figure. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 1,113% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, panel display manufacturing machine imports soared to $X in 2021. Over the period under review, imports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 693%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of panel display manufacturing machine to Canada, accounting for a 88% share of total imports. Moreover, panel display manufacturing machine imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), eightfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +40.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+8.3% per year) and Japan (-36.1% per year).

In value terms, the United States ($X), China ($X) and Japan ($X) were the largest panel display manufacturing machine suppliers to Canada, with a combined 99.9% share of total imports.

China, with a CAGR of +15.8%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average panel display manufacturing machine import price amounted to $X per unit, rising by 55% against the previous year. Over the period under review, the import price, however, recorded a sharp decline. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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