Canada: Metal Threading Machine Market 2024

Metal Threading Machine Market Size in Canada

The Canadian metal threading machine market dropped markedly to $X in 2021, which is down by -28.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a perceptible descent. As a result, consumption reached the peak level of $X, and then fell sharply in the following year.

Metal Threading Machine Exports

Exports from Canada

Metal threading machine exports from Canada soared to X units in 2021, growing by 115% against 2020 figures. Over the period under review, exports recorded a tangible increase. The pace of growth was the most pronounced in 2014 with an increase of 381%. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, metal threading machine exports soared to $X in 2021. Overall, exports saw a strong expansion. The growth pace was the most rapid in 2014 when exports increased by 313%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for metal threading machine exports from Canada, with a 79% share of total exports. Moreover, metal threading machine exports to the United States exceeded the volume sent to the second major destination, Italy (X units), tenfold. The third position in this ranking was held by the Netherlands (X units), with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-21.6% per year) and the Netherlands (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for threading or tapping machines for working metal exports from Canada, comprising 79% of total exports. The second position in the ranking was held by Italy ($X), with an 8.1% share of total exports. It was followed by the Netherlands, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+0.5% per year) and the Netherlands (0.0% per year).

Export Prices by Country

The average metal threading machine export price stood at $X per unit in 2021, growing by 27% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Thailand ($X per unit) and Italy ($X per unit), while the average price for exports to the United States ($X per unit) and the Netherlands ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+27.6%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Threading Machine Imports

Imports into Canada

In 2021, imports of threading or tapping machines for working metal into Canada reduced rapidly to X units, with a decrease of -37.2% against 2020. In general, imports continue to indicate a slight descent. The most prominent rate of growth was recorded in 2020 with an increase of 68%. As a result, imports attained the peak of X units, and then contracted remarkably in the following year.

In value terms, metal threading machine imports declined notably to $X in 2021. Overall, imports continue to indicate a noticeable setback. The growth pace was the most rapid in 2020 with an increase of 39% against the previous year. As a result, imports reached the peak of $X, and then shrank sharply in the following year.

Imports by Country

In 2021, the United States (X units) constituted the largest metal threading machine supplier to Canada, accounting for a 88% share of total imports. Moreover, metal threading machine imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold. Japan (X units) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+22.2% per year) and Japan (-16.0% per year).

In value terms, the United States ($X) constituted the largest supplier of threading or tapping machines for working metal to Canada, comprising 88% of total imports. The second position in the ranking was held by China ($X), with a 5% share of total imports. It was followed by Japan, with a 2.2% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+21.9% per year) and Japan (-16.2% per year).

Import Prices by Country

The average metal threading machine import price stood at $X per unit in 2021, increasing by 22% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 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 countries with the highest prices were Japan ($X per unit) and China ($X per unit), while the price for Germany ($X per unit) and the United States ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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