Canada: Harvesting Machinery Market 2024

Harvesting Machinery Market Size in Canada

In 2021, the Canadian harvesting machinery market increased by 4.2% to $X, rising for the fourth year in a row after four years of decline. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Harvesting Machinery Production in Canada

In value terms, harvesting machinery production amounted to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 41% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Harvesting Machinery Exports

Exports from Canada

In 2021, shipments abroad of root or tuber harvesting machines was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports showed a prominent increase. The most prominent rate of growth was recorded in 2015 when exports increased by 145% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, harvesting machinery exports surged to $X in 2021. Overall, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 153% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for harvesting machinery exports from Canada, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +12.5%.

In value terms, the United States ($X) also remains the key foreign market for root or tuber harvesting machines exports from Canada.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +14.3%.

Export Prices by Country

The average harvesting machinery export price stood at $X per unit in 2021, with an increase of 4.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2016 an increase of 7.8%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +2.2% per year.

Harvesting Machinery Imports

Imports into Canada

In 2021, supplies from abroad of root or tuber harvesting machines increased by 11% to X units, rising for the fifth consecutive year after four years of decline. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 99% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, harvesting machinery imports totaled $X in 2021. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 100% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, the United States (X units) constituted the largest harvesting machinery supplier to Canada, with a 55% share of total imports. Moreover, harvesting machinery imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was held by Belgium (X units), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-9.5% per year) and Belgium (+29.6% per year).

In value terms, the United States ($X) constituted the largest supplier of root or tuber harvesting machines to Canada, comprising 55% of total imports. The second position in the ranking was taken by Germany ($X), with a 21% share of total imports. It was followed by Belgium, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-9.8% per year) and Belgium (+28.7% per year).

Import Prices by Country

In 2021, the average harvesting machinery import price amounted to $X per unit, declining by -5.5% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 11% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Belgium ($X per unit) and Germany ($X per unit), while the price for the Netherlands ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :