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

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

The Canadian numerically controlled sharpening machine market fell to $X in 2022, which is down by -6.6% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Numerically controlled sharpening machine consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Numerically Controlled Sharpening Machines For Working Metal in Canada

In value terms, numerically controlled sharpening machine production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the production volume increased by 9.1%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Numerically Controlled Sharpening Machines For Working Metal

Exports from Canada

In 2022, the amount of numerically controlled sharpening machines for working metal exported from Canada skyrocketed to X units, rising by 214% against the year before. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, numerically controlled sharpening machine exports surged to $X in 2022. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for numerically controlled sharpening machine exports from Canada, accounting for a 97% share of total exports. It was followed by Australia (X units), with a 2.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +25.3%.

In value terms, the United States ($X) remains the key foreign market for numerically controlled sharpening machines for working metal exports from Canada, comprising 98% of total exports. The second position in the ranking was taken by Australia ($X), with a 1.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +35.1%.

Export Prices by Country

In 2022, the average numerically controlled sharpening machine export price amounted to $X per unit, growing by 27% against the previous year. Over the period under review, the export price saw a remarkable increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 109% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Australia stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Numerically Controlled Sharpening Machines For Working Metal

Imports into Canada

In 2022, the amount of numerically controlled sharpening machines for working metal imported into Canada dropped to X units, which is down by -6.2% against the previous year. Overall, imports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 131%. As a result, imports attained the peak of X units, and then shrank in the following year.

In value terms, numerically controlled sharpening machine imports shrank notably to $X in 2022. Over the period under review, imports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2021 with an increase of 118%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X units) constituted the largest numerically controlled sharpening machine supplier to Canada, with a 63% share of total imports. Moreover, numerically controlled sharpening machine imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. The third position in this ranking was taken by the Czech Republic (X units), with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.6% per year) and the Czech Republic (+11.6% per year).

In value terms, Germany ($X) constituted the largest supplier of numerically controlled sharpening machines for working metal to Canada, comprising 50% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 20% share of total imports. It was followed by the United States, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+4.8% per year) and the United States (-3.5% per year).

Import Prices by Country

The average numerically controlled sharpening machine import price stood at $X per unit in 2022, declining by -15.7% against the previous year. Overall, the import price saw a noticeable setback. The most prominent rate of growth was recorded in 2013 an increase of 32%. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 the Czech Republic ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+110.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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