Canada: Threshing Machinery Market 2024

Threshing Machinery Market Size in Canada

The Canadian threshing machinery market reached $X in 2022, picking up by 2.4% against the previous year. Over the period under review, consumption, however, saw a deep setback. The most prominent rate of growth was recorded in 2020 when the market value increased by 6.7%. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Threshing Machinery Production in Canada

In value terms, threshing machinery production stood at $X in 2022 estimated in export price. Overall, production, however, saw a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of 5.5% against the previous year. Threshing machinery production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Threshing Machinery Exports

Exports from Canada

After two years of growth, shipments abroad of threshing machinery except combine harvester-threshers decreased by -23.9% to X units in 2022. In general, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 376%. As a result, the exports attained the peak of X units, and then reduced dramatically in the following year.

In value terms, threshing machinery exports fell sharply to $X in 2022. Overall, exports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 446%. As a result, the exports reached the peak of $X, and then dropped rapidly in the following year.

Exports by Country

The United States (X units), Australia (X units) and South Africa (X units) were the main destinations of threshing machinery exports from Canada, with a combined 82% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (with a CAGR of +198.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for threshing machinery exported from Canada were the United States ($X), Australia ($X) and South Africa ($X), with a combined 82% share of total exports.

Among the main countries of destination, South Africa, with a CAGR of +208.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average threshing machinery export price stood at $X per unit in 2022, falling by -3.3% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 25%. Over the period under review, the average export prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Australia ($X per unit) and South Africa ($X per unit), while the average price for exports to Spain ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+5.3%), while the prices for the other major destinations experienced a decline.

Threshing Machinery Imports

Imports into Canada

In 2022, approx. X units of threshing machinery except combine harvester-threshers were imported into Canada; picking up by 12% compared with 2021 figures. Over the period under review, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2013 when imports increased by 78%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, threshing machinery imports rose sharply to $X in 2022. In general, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -2.2% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 78% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of threshing machinery to Canada, with a 76% share of total imports. Moreover, threshing machinery imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. The third position in this ranking was held by Australia (X units), with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.2% per year) and Australia (+15.0% per year).

In value terms, Germany ($X) constituted the largest supplier of threshing machinery except combine harvester-threshers to Canada, comprising 76% of total imports. The second position in the ranking was held by the United States ($X), with a 19% share of total imports. It was followed by Australia, with a 2.2% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.4% per year) and Australia (+8.9% per year).

Import Prices by Country

The average threshing machinery import price stood at $X per unit in 2022, approximately mirroring the previous year. In general, the import price continues to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2014 when the average import price increased by 5.5% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per unit) and Australia ($X per unit), while the price for Austria ($X per unit) and Germany ($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 (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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