Canada: Milling Industry Machinery Market 2024

Milling Industry Machinery Market Size in Canada

The Canadian milling industry machinery market declined to $X in 2022, shrinking by X% against the previous year. Over the period under review, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2017 indices. As a result, consumption attained the peak level of $X, and then fell in the following year.

Milling Industry Machinery Production in Canada

In value terms, milling industry machinery production declined to $X in 2022 estimated in export price. Overall, production showed a mild contraction. The growth pace was the most rapid in 2019 with an increase of X%. Milling industry machinery production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Milling Industry Machinery Exports

Exports from Canada

Milling industry machinery exports from Canada surged to X units in 2022, rising by X% compared with the previous year. In general, exports recorded a prominent expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, milling industry machinery exports rose sharply to $X in 2022. Overall, exports saw prominent growth. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The United States (X units), India (X units) and Portugal (X units) were the main destinations of milling industry machinery exports from Canada, with a combined X% share of total exports. Australia, France, the Netherlands and Israel lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), India ($X) and Portugal ($X) constituted the largest markets for milling industry machinery exported from Canada worldwide, together comprising X% of total exports. Australia, France, Israel and the Netherlands lagged somewhat behind, together accounting for a further X%.

Israel, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average milling industry machinery export price stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the export price showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit, and then contracted significantly in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Israel ($X per unit) and France ($X per unit), while the average price for exports to Australia ($X per unit) and Portugal ($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 India (X%), while the prices for the other major destinations experienced mixed trend patterns.

Milling Industry Machinery Imports

Imports into Canada

Milling industry machinery imports into Canada soared to X units in 2022, rising by X% on 2021. Overall, imports posted resilient growth. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, milling industry machinery imports soared to $X in 2022. In general, total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), the United States (X units) and India (X units) were the main suppliers of milling industry machinery imports to Canada, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Switzerland ($X) constituted the largest milling industry machinery suppliers to Canada, together comprising X% of total imports. Germany, the Czech Republic, France, Denmark, the UK, Italy, Japan and India lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, India, with a CAGR of X%, saw the highest rates of growth with regard to 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 milling industry machinery import price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the import price, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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