Price for Non-Tanker Trailer and Semi-Trailers in Canada - 2024

Price for Non-Tanker Trailer and Semi-Trailers in Canada (CIF) - 2022

The average non-tanker trailer and semi-trailers import price stood at $11,373 per unit in 2022, jumping by 40% against the previous year. Overall, the import price recorded a temperate increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 276% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($30,391 per unit), while the price for China ($1,010 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+13.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Non-Tanker Trailer and Semi-Trailers in Canada (FOB) - 2024

In January 2024, the average non-tanker trailer and semi-trailers export price amounted to $24,543 per unit, increasing by 3% against the previous month. Over the period under review, export price indicated a measured expansion from January 2023 to January 2024: its price increased at an average monthly rate of +4.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, non-tanker trailer and semi-trailers export price increased by +16.8% against November 2023 indices. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 32% month-to-month. The export price peaked in January 2024.

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

From January 2023 to January 2024, the rate of growth in terms of prices for the United States amounted to +3.6% per month.

Imports of Non-Tanker Trailer and Semi-Trailers in Canada

In 2022, purchases abroad of non-tanker trailers and semi-trailers decreased by -4.2% to 120K units, falling for the second year in a row after two years of growth. In general, imports faced a significant decrease. The pace of growth was the most pronounced in 2020 when imports increased by 8.4%. As a result, imports attained the peak of 349K units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-tanker trailer and semi-trailers imports skyrocketed to $1.4B in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +8.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Non-Tanker Trailer and Semi-Trailers in Canada (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	913	662	881	1,187	9.1%
Mexico	137	82.2	108	153	3.8%
China	11.0	3.5	17.3	12.8	5.2%
Others	6.4	4.9	4.9	7.2	4.0%
Total	1,068	752	1,011	1,359	8.4%

Top Suppliers of Non-Tanker Trailer and Semi-Trailers to Canada in 2022:

United States (100.6K units)
China (12.6K units)
Mexico (5.0K units)

Exports of Non-Tanker Trailer and Semi-Trailers in Canada

In 2022, exports of non-tanker trailers and semi-trailers from Canada surged to 16K units, rising by 28% on 2021. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 47% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, non-tanker trailer and semi-trailers exports soared to $285M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.5% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.