Canada: Off-Highway Dumper Market 2024

Off-Highway Dumper Market Size in Canada

The Canadian off-highway dumper market expanded slightly to $X.9B in 2022, growing by X% against the previous year. Over the period under review, consumption recorded buoyant growth. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Off-Highway Dumper Production in Canada

In value terms, off-highway dumper production stood at $X in 2022 estimated in export price. Over the period under review, production enjoyed perceptible growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Off-highway dumper production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Off-Highway Dumper Exports

Exports from Canada

In 2022, shipments abroad of dumpers for off-highway use increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total exports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of X%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, off-highway dumper exports expanded to $X in 2022. In general, exports, however, showed a perceptible reduction. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for off-highway dumper exports from Canada, with a X% share of total exports. Moreover, off-highway dumper exports to the United States exceeded the volume sent to the second major destination, Japan (X units), eightfold.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Belgium (X% per year).

In value terms, the United States ($X) remains the key foreign market for dumpers for off-highway use exports from Canada, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Belgium (X% per year).

Export Prices by Country

The average off-highway dumper export price stood at $X per unit in 2022, approximately mirroring the previous year. Overall, the export price, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Off-Highway Dumper Imports

Imports into Canada

In 2022, overseas purchases of dumpers for off-highway use increased by X% to X units, rising for the second year in a row after three years of decline. Overall, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, off-highway dumper imports surged to $X in 2022. In general, imports, however, showed a mild decline. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X units), Japan (X units) and Italy (X units) were the main suppliers of off-highway dumper imports to Canada, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of dumpers for off-highway use to Canada, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with an X% share of total imports. It was followed by the UK, with an X% share.

From 2012 to 2022, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and the UK (X% per year).

Import Prices by Country

The average off-highway dumper import price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 the United States ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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