Canada: Market for Non-Numerically Controlled Sharpening Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Sharpening Machines For Working Metal in Canada

The Canadian non-numerically controlled sharpening machine market stood at $X in 2022, surging by 10% against the previous year. Overall, consumption showed a prominent increase. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Production of Non-Numerically Controlled Sharpening Machines For Working Metal in Canada

In value terms, non-numerically controlled sharpening machine production expanded markedly to $X in 2022 estimated in export price. In general, production saw a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 123%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports from Canada

In 2022, non-numerically controlled sharpening machine exports from Canada contracted notably to X units, with a decrease of -22.1% on the previous year. Over the period under review, exports recorded a slight decline. The pace of growth was the most pronounced in 2014 when exports increased by 74%. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, non-numerically controlled sharpening machine exports declined to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 26%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for non-numerically controlled sharpening machine exports from Canada, with a 67% share of total exports. Moreover, non-numerically controlled sharpening machine exports to the United States exceeded the volume sent to the second major destination, Finland (X units), more than tenfold. The third position in this ranking was held by Italy (X units), with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+4.3% per year) and Italy (+34.9% per year).

In value terms, the United States ($X) remains the key foreign market for non-numerically controlled sharpening machines for working metal exports from Canada, comprising 73% of total exports. The second position in the ranking was taken by Finland ($X), with a 4.6% share of total exports. It was followed by Turkey, with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+8.9% per year) and Turkey (+37.6% per year).

Export Prices by Country

The average non-numerically controlled sharpening machine export price stood at $X per unit in 2022, with an increase of 23% against the previous year. In general, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-numerically controlled sharpening machine export price increased by +39.1% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 46%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Australia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports into Canada

In 2022, purchases abroad of non-numerically controlled sharpening machines for working metal increased by 23% to X units, rising for the third year in a row after two years of decline. Over the period under review, total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.8% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 72% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, non-numerically controlled sharpening machine imports rose rapidly to $X in 2022. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 55%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-numerically controlled sharpening machine to Canada, accounting for a 63% share of total imports. Moreover, non-numerically controlled sharpening machine imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. The third position in this ranking was held by Sweden (X units), with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-8.3% per year) and Sweden (+17.6% per year).

In value terms, the largest non-numerically controlled sharpening machine suppliers to Canada were Sweden ($X), the United States ($X) and China ($X), with a combined 71% share of total imports.

Sweden, with a CAGR of +18.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average non-numerically controlled sharpening machine import price amounted to $X per unit, shrinking by -12.3% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-numerically controlled sharpening machine import price increased by +44.6% against 2017 indices. The growth pace was the most rapid in 2021 an increase of 39%. As a result, import price reached the peak level of $X per unit, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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