Canada: Market for Road Tractors For Semi-Trailers 2025

Market Size for Road Tractors For Semi-Trailers in Canada

In 2021, after two years of decline, there was significant growth in the Canadian road tractor for semi-trailer market, when its value increased by 62% to $X. In general, consumption, however, recorded a mild shrinkage. Road tractor for semi-trailer consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Exports of Road Tractors For Semi-Trailers

Exports from Canada

In 2021, shipments abroad of road tractors for semi-trailers decreased by -40.5% to X units, falling for the second consecutive year after two years of growth. In general, exports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 76% against the previous year. Over the period under review, the exports attained the maximum at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, road tractor for semi-trailer exports declined markedly to $X in 2021. Over the period under review, exports recorded a noticeable reduction. The most prominent rate of growth was recorded in 2019 with an increase of 118% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for road tractor for semi-trailer exports from Canada, accounting for a 77% share of total exports. Moreover, road tractor for semi-trailer exports to the United States exceeded the volume sent to the second major destination, the Dominican Republic (X units), more than tenfold. Mexico (X units) ranked third in terms of total exports with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to -5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+81.1% per year) and Mexico (+32.2% per year).

In value terms, the United States ($X) remains the key foreign market for road tractors for semi-trailers exports from Canada, comprising 93% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a 1.5% share of total exports. It was followed by Mexico, with a 1.4% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+73.9% per year) and Mexico (+31.0% per year).

Export Prices by Country

In 2021, the average road tractor for semi-trailer export price amounted to $X per unit, approximately equating the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 24% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Nigeria ($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 Costa Rica (+20.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Road Tractors For Semi-Trailers

Imports into Canada

In 2021, after two years of decline, there was significant growth in purchases abroad of road tractors for semi-trailers, when their volume increased by 86% to X units. Over the period under review, imports continue to indicate a mild expansion. Imports peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, road tractor for semi-trailer imports skyrocketed to $X in 2021. Overall, imports, however, saw a pronounced descent. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X units) constituted the largest road tractor for semi-trailer supplier to Canada, with a 75% share of total imports. Moreover, road tractor for semi-trailer imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume from the United States was relatively modest.

In value terms, the United States ($X) constituted the largest supplier of road tractors for semi-trailers to Canada, comprising 74% of total imports. The second position in the ranking was held by Mexico ($X), with a 26% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at -3.2%.

Import Prices by Country

The average road tractor for semi-trailer import price stood at $X per unit in 2021, reducing by -21.1% against the previous year. In general, the import price recorded a noticeable decline. The pace of growth appeared the most rapid in 2020 when the average import price increased by 18% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for the United States stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (-2.9%).

Source: IndexBox Platform

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