Canada: Market for Mechanical Appliances For Projecting, Dispersing Or Spraying 2024

Market Size for Mechanical Appliances For Projecting, Dispersing Or Spraying in Canada

The Canadian market for mechanical appliances for projecting, dispersing or spraying fell to $X in 2022, dropping by -7.9% against the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Mechanical Appliances For Projecting, Dispersing Or Spraying in Canada

In value terms, production of mechanical appliances for projecting, dispersing or spraying skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 330%. Over the period under review, production of reached the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports from Canada

In 2022, shipments abroad of mechanical appliances for projecting, dispersing or spraying increased by 27% to X units, rising for the fourth year in a row after three years of decline. Over the period under review, total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.7% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying rose markedly to $X in 2022. Overall, total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.8% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X units) was the main destination for exports of mechanical appliances for projecting, dispersing or spraying from Canada, accounting for a 81% share of total exports. Moreover, exports of mechanical appliances for projecting, dispersing or spraying to the United States exceeded the volume sent to the second major destination, China (X units), more than tenfold. India (X units) ranked third in terms of total exports with a 2.9% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+0.0% per year) and India (+13.5% per year).

In value terms, the United States ($X) remains the key foreign market for mechanical appliances for projecting, dispersing or spraying exports from Canada, comprising 81% of total exports. The second position in the ranking was held by China ($X), with a 3% share of total exports. It was followed by India, with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+0.8% per year) and India (+14.4% per year).

Export Prices by Country

In 2022, the average export price for mechanical appliances for projecting, dispersing or spraying amounted to $X per unit, which is down by -11.3% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 12%. The export price peaked at $X per unit in 2021, and then fell in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were India ($X per unit) and the United States ($X per unit), while the average price for exports to China ($X per unit) and Australia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports into Canada

In 2022, after four years of growth, there was significant decline in supplies from abroad of mechanical appliances for projecting, dispersing or spraying, when their volume decreased by -8% to X units. The total import volume increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 15%. Over the period under review, imports of hit record highs at X units in 2021, and then contracted in the following year.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying contracted slightly to $X in 2022. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -0.3% against 2020 indices. The pace of growth was the most pronounced in 2018 when imports increased by 22% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X units), China (X units) and Mexico (X units) were the main suppliers of imports of mechanical appliances for projecting, dispersing or spraying to Canada, together accounting for 77% of total imports.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +20.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Mexico ($X) appeared to be the largest mechanical appliances for projecting, dispersing or spraying suppliers to Canada, together accounting for 77% of total imports.

Among the main suppliers, Mexico, with a CAGR of +22.3%, saw the highest growth rate of 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

The average import price for mechanical appliances for projecting, dispersing or spraying stood at $X per unit in 2022, surging by 8.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Mexico ($X per unit) and the United States ($X per unit), while the price for South Korea ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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