Canada: Thread Rolling Machine Market 2024

Thread Rolling Machine Market Size in Canada

In 2022, after two years of decline, there was significant growth in the Canadian thread rolling machine market, when its value increased by 37% to $X. Over the period under review, consumption recorded a significant increase. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Thread Rolling Machine Production in Canada

In value terms, thread rolling machine production shrank remarkably to $X in 2022 estimated in export price. Over the period under review, production faced a precipitous curtailment. Thread rolling machine production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Thread Rolling Machine Exports

Exports from Canada

Thread rolling machine exports from Canada dropped markedly to X units in 2022, with a decrease of -78.4% against the previous year's figure. Over the period under review, exports showed a deep reduction. The most prominent rate of growth was recorded in 2015 when exports increased by 288% against the previous year. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, thread rolling machine exports fell markedly to $X in 2022. In general, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of 362% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for thread rolling machine exports from Canada, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at -10.4%.

In value terms, the United States ($X) also remains the key foreign market for thread rolling machines for working metal, sintered metal carbides or cermets exports from Canada.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to -17.9%.

Export Prices by Country

In 2022, the average thread rolling machine export price amounted to $X per unit, reducing by -1.6% against the previous year. In general, the export price showed a abrupt contraction. The pace of growth was the most pronounced in 2016 an increase of 50%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -8.4% per year.

Thread Rolling Machine Imports

Imports into Canada

In 2022, after three years of growth, there was significant decline in purchases abroad of thread rolling machines for working metal, sintered metal carbides or cermets, when their volume decreased by -26.9% to X units. In general, imports, however, recorded a pronounced increase. The pace of growth appeared the most rapid in 2020 when imports increased by 163% against the previous year. Imports peaked at X units in 2021, and then contracted significantly in the following year.

In value terms, thread rolling machine imports dropped to $X in 2022. Overall, imports recorded a mild downturn. The growth pace was the most rapid in 2015 when imports increased by 194% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of thread rolling machine to Canada, accounting for a 68% share of total imports. Moreover, thread rolling machine imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X units), fivefold. Japan (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+17.5% per year) and Japan (-9.6% per year).

In value terms, the United States ($X) constituted the largest supplier of thread rolling machines for working metal, sintered metal carbides or cermets to Canada, comprising 59% of total imports. The second position in the ranking was taken by Italy ($X), with a 22% share of total imports. It was followed by Turkey, with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.9% per year) and Turkey (+1.4% per year).

Import Prices by Country

The average thread rolling machine import price stood at $X per unit in 2022, jumping by 29% against the previous year. In general, the import price, however, saw a perceptible contraction. The growth pace was the most rapid in 2019 when the average import price increased by 53%. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the average import prices remained 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 Turkey ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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