Canada: Ride-On Compaction Equipment Market 2025

Ride-On Compaction Equipment Market Size in Canada

The Canadian ride-on compaction equipment market skyrocketed to $X in 2022, surging by 58% against the previous year. In general, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +114.7% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ride-On Compaction Equipment Production in Canada

In value terms, ride-on compaction equipment production surged to $X in 2022 estimated in export price. In general, production saw a perceptible increase. The pace of growth was the most pronounced in 2016 when the production volume increased by 115%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Ride-On Compaction Equipment Exports

Exports from Canada

After three years of decline, shipments abroad of ride-on compaction equipment increased by 83% to X units in 2022. Overall, exports showed a buoyant expansion. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, ride-on compaction equipment exports skyrocketed to $X in 2022. In general, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at $X in 2016; afterwards, it flattened through to 2022.

Exports by Country

The United States (X units) was the main destination for ride-on compaction equipment exports from Canada, with a 93% share of total exports. It was followed by Vietnam (X units), with a 2.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +9.6%.

In value terms, the United States ($X) remains the key foreign market for ride-on compaction equipment exports from Canada, comprising 84% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 4.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +11.2%.

Export Prices by Country

The average ride-on compaction equipment export price stood at $X per unit in 2022, picking up by 19% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 33%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to the United States totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+2.7%).

Ride-On Compaction Equipment Imports

Imports into Canada

In 2022, purchases abroad of ride-on compaction equipment increased by 72% to X units, rising for the second year in a row after two years of decline. Overall, total imports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.8% 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 +83.3% against 2020 indices. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, ride-on compaction equipment imports surged to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest ride-on compaction equipment supplier to Canada, with a 47% share of total imports. Moreover, ride-on compaction equipment imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The United States (X units) ranked third in terms of total imports with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +24.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.9% per year) and the United States (-10.1% per year).

In value terms, Germany ($X) constituted the largest supplier of ride-on compaction equipment to Canada, comprising 51% of total imports. The second position in the ranking was held by the United States ($X), with a 22% share of total imports. It was followed by China, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-8.6% per year) and China (+20.9% per year).

Import Prices by Country

In 2022, the average ride-on compaction equipment import price amounted to $X per unit, which is down by -5.7% against the previous year. In general, the import price showed a slight descent. The pace of growth was the most pronounced in 2020 an increase of 34% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+54.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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