Canada: Non-Hydraulic Press Market 2024

Non-Hydraulic Press Market Size in Canada

After three years of decline, the Canadian non-hydraulic press market increased by 81% to $X in 2021. Overall, consumption, however, saw a slight reduction. Non-hydraulic press consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Non-Hydraulic Press Exports

Exports from Canada

In 2021, approx. X units of non-hydraulic presses for working metal were exported from Canada; which is down by -36.3% compared with the previous year's figure. In general, exports saw a perceptible slump. The growth pace was the most rapid in 2014 when exports increased by 122% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, non-hydraulic press exports declined markedly to $X in 2021. Overall, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 when exports increased by 148%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for non-hydraulic press exports from Canada, accounting for a 89% share of total exports. Moreover, non-hydraulic press exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X units), more than tenfold. The third position in this ranking was held by India (X units), with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled -2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+11.2% per year) and India (-5.5% per year).

In value terms, the United States ($X) remains the key foreign market for non-hydraulic presses for working metal exports from Canada, comprising 96% of total exports. The second position in the ranking was taken by India ($X), with a 1.6% share of total exports. It was followed by the United Arab Emirates, with a 0.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-9.1% per year) and the United Arab Emirates (+30.3% per year).

Export Prices by Country

The average non-hydraulic press export price stood at $X per unit in 2021, waning by -14.3% against the previous year. Overall, the export price showed a perceptible reduction. The growth pace was the most rapid in 2019 an increase of 42% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Hong Kong SAR ($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 the United Arab Emirates (+15.2%), while the prices for the other major destinations experienced a decline.

Non-Hydraulic Press Imports

Imports into Canada

In 2021, overseas purchases of non-hydraulic presses for working metal increased by 90% to X units, rising for the second year in a row after two years of decline. In general, imports, however, recorded a noticeable decline. Imports peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, non-hydraulic press imports soared to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest non-hydraulic press supplier to Canada, accounting for a 38% share of total imports. Moreover, non-hydraulic press imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-12.2% per year) and Taiwan (Chinese) (-2.3% per year).

In value terms, the United States ($X) constituted the largest supplier of non-hydraulic presses for working metal to Canada, comprising 21% of total imports. The second position in the ranking was held by Austria ($X), with a 9.8% share of total imports. It was followed by China, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled -11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+307.0% per year) and China (+13.1% per year).

Import Prices by Country

The average non-hydraulic press import price stood at $X per unit in 2021, waning by -9.5% against the previous year. Overall, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-hydraulic press import price decreased by -23.5% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 59%. The import price peaked 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 Germany ($X per unit), while the price for India ($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 (+25.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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