Canada: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Canada

The Canadian market for grinding, sanding and polishing machines expanded to $X in 2023, increasing by X% 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, the total consumption indicated a prominent expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. Grinding, sanding and polishing machine consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Exports of Grinding, Sanding and Polishing Machines

Exports from Canada

In 2023, exports of grinding, sanding and polishing machines from Canada skyrocketed to X units, with an increase of X% on 2022 figures. In general, exports, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, grinding, sanding and polishing machine exports rose rapidly to $X in 2023. Over the period under review, exports enjoyed slight growth. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The exports peaked in 2023 and are likely to see gradual growth in years to come.

Exports by Country

The United States (X units) was the main destination for grinding, sanding and polishing machine exports from Canada, with a X% share of total exports. Moreover, grinding, sanding and polishing machine exports to the United States exceeded the volume sent to the second major destination, Australia (X units), more than tenfold.

From 2012 to 2023, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Germany (X% per year).

In value terms, the United States ($X) remains the key foreign market for grinding, sanding and polishing machines exports from Canada, comprising X% of total exports. The second position in the ranking was held by Australia ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Germany (X% per year).

Export Prices by Country

In 2023, the average export price for grinding, sanding and polishing machines amounted to $X per unit, shrinking by X% against the previous year. Overall, the export price, however, saw buoyant growth. The growth pace was the most rapid in 2022 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit, and then contracted in the following year.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Grinding, Sanding and Polishing Machines

Imports into Canada

In 2023, approx. X units of grinding, sanding and polishing machines were imported into Canada; reducing by X% against 2022. Overall, imports, however, continue to indicate measured growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, grinding, sanding and polishing machine imports rose sharply to $X in 2023. In general, total imports indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked in 2023 and are expected to retain growth in the near future.

Imports by Country

China (X units), Italy (X units) and Germany (X units) were the main suppliers of grinding, sanding and polishing machine imports to Canada, with a combined X% share of total imports. The United States, Switzerland, Taiwan (Chinese) and Vietnam lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Taiwan (Chinese) ($X) were the largest grinding, sanding and polishing machine suppliers to Canada, with a combined X% share of total imports. The United States, China, Switzerland and Vietnam lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average import price for grinding, sanding and polishing machines amounted to $X per unit, increasing by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by X%. The import price peaked in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform