Canada: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in Canada

After two years of growth, the Canadian positive displacement pump market decreased by -18.5% to $X in 2021. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +61.4% against 2012 indices. As a result, consumption reached the peak level of $X, and then fell sharply in the following year.

Positive Displacement Pump Exports

Exports from Canada

After five years of decline, shipments abroad of positive displacement pumps and hand pumps increased by 51% to X units in 2021. In general, exports, however, recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2015 when exports increased by 62% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, positive displacement pump exports surged to $X in 2021. Over the period under review, exports, however, recorded a deep reduction. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for positive displacement pump exports from Canada, with a 58% share of total exports. Moreover, positive displacement pump exports to the United States exceeded the volume sent to the second major destination, Germany (X units), ninefold. Australia (X units) ranked third in terms of total exports with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to -8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+19.8% per year) and Australia (+1.8% per year).

In value terms, the United States ($X) remains the key foreign market for positive displacement pumps and hand pumps exports from Canada, comprising 66% of total exports. The second position in the ranking was taken by Australia ($X), with a 3.6% share of total exports. It was followed by Germany, with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to -10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-7.5% per year) and Germany (+8.1% per year).

Export Prices by Country

In 2021, the average positive displacement pump export price amounted to $X per unit, falling by -22.5% against the previous year. In general, the export price continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2017 when the average export price increased by 23%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to the UK ($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 (-2.4%), while the prices for the other major destinations experienced a decline.

Positive Displacement Pump Imports

Imports into Canada

In 2021, supplies from abroad of positive displacement pumps and hand pumps decreased by -23% to X units for the first time since 2011, thus ending a nine-year rising trend. Over the period under review, imports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of 78% against the previous year. As a result, imports reached the peak of X units, and then contracted markedly in the following year.

In value terms, positive displacement pump imports dropped to $X in 2021. The total import value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 20% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

In 2021, China (X units) constituted the largest supplier of positive displacement pump to Canada, with a 73% share of total imports. Moreover, positive displacement pump imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. The third position in this ranking was taken by Mexico (X units), with a 5% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +19.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.1% per year) and Mexico (+10.2% per year).

In value terms, China ($X), the United States ($X) and Mexico ($X) constituted the largest positive displacement pump suppliers to Canada, with a combined 70% share of total imports. These countries were followed by France and Germany, which together accounted for a further 9.3%.

France, with a CAGR of +12.7%, recorded the highest growth rate of 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

The average positive displacement pump import price stood at $X per unit in 2021, picking up by 12% against the previous year. In general, the import price, however, recorded a deep setback. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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