Canada: Market for Spray Guns And Similar Appliances 2024

Market Size for Spray Guns And Similar Appliances in Canada

The Canadian market for spray guns and similar appliances contracted to $X in 2022, with a decrease of -14.4% against the previous year. Overall, consumption, however, enjoyed a moderate increase. Spray guns and similar appliances consumption peaked at $X in 2021, and then dropped in the following year.

Production of Spray Guns And Similar Appliances in Canada

In value terms, spray guns and similar appliances production declined notably to $X in 2022 estimated in export price. Overall, production, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 67%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Spray Guns And Similar Appliances

Exports from Canada

In 2022, the amount of spray guns and similar appliances exported from Canada surged to X units, picking up by 102% compared with 2021 figures. In general, exports saw a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, spray guns and similar appliances exports surged to $X in 2022. Over the period under review, exports enjoyed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for spray guns and similar appliances exports from Canada, with a 91% share of total exports. It was followed by Germany (X units), with a 2.2% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+18.3% per year) and China (-11.0% per year).

In value terms, the United States ($X) remains the key foreign market for spray guns and similar appliances exports from Canada, comprising 91% of total exports. The second position in the ranking was taken by Germany ($X), with a 2.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+17.3% per year) and China (-11.8% per year).

Export Prices by Country

In 2022, the average export price for spray guns and similar appliances amounted to $X per unit, which is down by -10.6% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 17%. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 ($X per unit), while the average price for exports to China ($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 Germany (-0.9%), while the prices for the other major destinations experienced a decline.

Imports of Spray Guns And Similar Appliances

Imports into Canada

After two years of growth, overseas purchases of spray guns and similar appliances decreased by -13% to X units in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 43% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then shrank in the following year.

In value terms, spray guns and similar appliances imports expanded slightly to $X in 2022. Over the period under review, total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.7% 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 +90.3% against 2015 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 40%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of spray guns and similar appliances to Canada, accounting for a 50% share of total imports. Moreover, spray guns and similar appliances imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by Germany (X units), with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.2% per year) and Germany (+8.9% per year).

In value terms, the United States ($X) constituted the largest supplier of spray guns and similar appliances to Canada, comprising 50% of total imports. The second position in the ranking was held by China ($X), with a 24% share of total imports. It was followed by Germany, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.1% per year) and Germany (+11.4% per year).

Import Prices by Country

In 2022, the average import price for spray guns and similar appliances amounted to $X per unit, surging by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per unit) and Taiwan (Chinese) ($X per unit), while the price for Italy ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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