Canada: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in Canada

The Canadian pneumatic linear acting actuator market expanded significantly to $X in 2022, growing by 7.9% against the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Production of Pneumatic Linear Acting Actuators in Canada

In value terms, pneumatic linear acting actuator production declined to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 36% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Exports of Pneumatic Linear Acting Actuators

Exports from Canada

In 2022, overseas shipments of pneumatic linear acting actuators were finally on the rise to reach X units after two years of decline. Overall, total exports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports reached the maximum at X units in 2015; afterwards, it flattened through to 2022.

In value terms, pneumatic linear acting actuator exports surged to $X in 2022. Over the period under review, total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.7% against 2020 indices. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for pneumatic linear acting actuator exports from Canada, with a 86% share of total exports. It was followed by Chile (X units), with a 2.5% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+1.6% per year) and Mexico (+25.2% per year).

In value terms, the United States ($X) remains the key foreign market for pneumatic linear acting actuators exports from Canada, comprising 85% of total exports. The second position in the ranking was held by Chile ($X), with a 2.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+3.4% per year) and Mexico (+27.3% per year).

Export Prices by Country

In 2022, the average pneumatic linear acting actuator export price amounted to $X per unit, with a decrease of -8.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2021 when the average export price increased by 9.2%. As a result, the export price reached the peak level of $X per unit, and then reduced in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Mexico ($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 Mexico (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Linear Acting Actuators

Imports into Canada

In 2022, the amount of pneumatic linear acting actuators imported into Canada surged to X units, with an increase of 27% on 2021 figures. In general, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +6.4% 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 +70.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 34% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, pneumatic linear acting actuator imports soared to $X in 2022. Over the period under review, total imports indicated strong growth 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 +58.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X units), Mexico (X units) and China (X units) were the main suppliers of pneumatic linear acting actuator imports to Canada, with a combined 76% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +10.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Mexico ($X) and China ($X) appeared to be the largest pneumatic linear acting actuator suppliers to Canada, together accounting for 76% of total imports.

Among the main suppliers, Mexico, with a CAGR of +10.0%, saw the highest growth rate of 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

In 2022, the average pneumatic linear acting actuator import price amounted to $X per unit, approximately reflecting the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 12% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Mexico ($X per unit) and the United States ($X per unit), while the price for Italy ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :