Canada: Market for Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Numerically Controlled Drilling Machines For Working Metal in Canada

In 2021, the Canadian numerically controlled drilling machine market decreased by -29% to $X, falling for the second consecutive year after three years of growth. Overall, consumption, however, posted pronounced growth. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Numerically Controlled Drilling Machines For Working Metal in Canada

In value terms, numerically controlled drilling machine production reduced sharply to $X in 2021 estimated in export price. Over the period under review, production, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 69% against the previous year. Numerically controlled drilling machine production peaked at $X in 2020, and then declined dramatically in the following year.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from Canada

In 2021, overseas shipments of numerically controlled drilling machines for working metal increased by 40% to X tons, rising for the third consecutive year after two years of decline. In general, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 387% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, numerically controlled drilling machine exports soared to $X in 2021. Overall, exports showed a buoyant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 387% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for numerically controlled drilling machine exports from Canada, with a 70% share of total exports. Moreover, numerically controlled drilling machine exports to the United States exceeded the volume sent to the second major destination, Saudi Arabia (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+8.9% per year) and Indonesia (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for numerically controlled drilling machines for working metal exports from Canada, comprising 71% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+7.4% per year) and Indonesia (0.0% per year).

Export Prices by Country

The average numerically controlled drilling machine export price stood at $X per ton in 2021, growing by 15% against the previous year. Over the period under review, the export price, however, continues to indicate a slight descent. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (-1.4%).

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into Canada

In 2021, supplies from abroad of numerically controlled drilling machines for working metal decreased by -40.5% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2018 when imports increased by 86%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, numerically controlled drilling machine imports contracted sharply to $X in 2021. In general, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2018 when imports increased by 91% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X tons), the Netherlands (X tons) and Japan (X tons) were the main suppliers of numerically controlled drilling machine imports to Canada, together comprising 62% of total imports. Portugal, Italy, Taiwan (Chinese), Sweden and the UK lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +32.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest numerically controlled drilling machine suppliers to Canada were the United States ($X), the Netherlands ($X) and Japan ($X), together accounting for 62% of total imports. Portugal, Italy, Taiwan (Chinese), Sweden and the UK lagged somewhat behind, together accounting for a further 30%.

Sweden, with a CAGR of +28.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average numerically controlled drilling machine import price stood at $X per ton in 2021, with a decrease of -1.7% against the previous year. In general, the import price continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 3%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Taiwan (Chinese) ($X per ton) and the Netherlands ($X per ton), while the price for Sweden ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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