Canada: Grinding Machine Market 2024

Grinding Machine Market Size in Canada

The Canadian grinding machine market skyrocketed to $X in 2021, surging by 81% against the previous year. Over the period under review, consumption continues to indicate resilient growth. Over the period under review, the market reached the maximum level in 2021 and is likely to see gradual growth in the immediate term.

Grinding Machine Production in Canada

In value terms, grinding machine production totaled $X in 2021 estimated in export price. Over the period under review, production showed a dramatic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 109%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Grinding Machine Exports

Exports from Canada

After two years of decline, shipments abroad of machines having individual functions, for mixing, kneading, crushing or grinding increased by 5.9% to X units in 2021. In general, exports, however, showed a noticeable descent. The growth pace was the most rapid in 2017 with an increase of 676%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, grinding machine exports soared to $X in 2021. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 24% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for grinding machine exports from Canada, with a 55% share of total exports. Moreover, grinding machine 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 taken by Japan (X units), with a 5% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled -4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+24.0% per year) and Japan (+19.8% per year).

In value terms, the United States ($X) remains the key foreign market for machines having individual functions, for mixing, kneading, crushing or grinding exports from Canada, comprising 55% of total exports. The second position in the ranking was taken by China ($X), with an 11% share of total exports. It was followed by Japan, with a 5% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+26.5% per year) and Japan (+22.2% per year).

Export Prices by Country

The average grinding machine export price stood at $X per unit in 2021, surging by 12% against the previous year. Overall, the export price posted a tangible expansion. The pace of growth was the most pronounced in 2015 when the average export price increased by 999%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, the countries with the highest prices were South Korea ($X per unit) and India ($X per unit), while the average price for exports to China ($X per unit) and the United States ($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 France (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Grinding Machine Imports

Imports into Canada

In 2021, supplies from abroad of machines having individual functions, for mixing, kneading, crushing or grinding increased by 73% to X units, rising for the third year in a row after three years of decline. In general, imports showed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 145% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, grinding machine imports expanded modestly to $X in 2021. The total import value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 21% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X units), China (X units) and Germany (X units) were the main suppliers of grinding machine imports to Canada, with a combined 94% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +34.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of machines having individual functions, for mixing, kneading, crushing or grinding to Canada, comprising 47% of total imports. The second position in the ranking was held by Germany ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.9% per year) and China (+6.5% per year).

Import Prices by Country

The average grinding machine import price stood at $X per unit in 2021, which is down by -40.3% against the previous year. Overall, the import price showed a dramatic slump. The pace of growth appeared the most rapid in 2016 when the average import price increased by 42%. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-14.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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