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Canada - Lifting, Handling, Loading Or Unloading Machinery - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCanada's Loading Machinery Exports Drop by 6%, Reaching $596 Million in 2023
Canada Loading Machinery Exports
In 2023, approx. 301K units of lifting, handling, loading or unloading machinery were exported from Canada; jumping by 22% on 2022 figures. Overall, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 127% against the previous year. As a result, the exports attained the peak of 560K units. From 2018 to 2023, the growth of the exports remained at a lower figure.
In value terms, loading machinery exports declined to $596M (IndexBox estimates) in 2023. The total export value increased at an average annual rate of +3.3% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. Over the period under review, the exports attained the peak figure at $634M in 2022, and then dropped in the following year.
COUNTRY | Export Value of Loading Machinery in Canada (million USD) | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
United States | 331 | 357 | 362 | 376 | 398 | 436 | 436 | 336 | 466 | 539 | 506 |
Saudi Arabia | 2.4 | 2.1 | 2.9 | 0.3 | 1.1 | 4.0 | 3.1 | 6.9 | 0.7 | 4.2 | 15.5 |
Netherlands | 19.9 | 18.3 | 13.4 | 13.0 | 18.7 | 20.8 | 20.6 | 14.3 | 16.2 | 14.2 | 8.0 |
Others | 77.2 | 95.8 | 61.6 | 57.6 | 55.9 | 66.3 | 78.0 | 78.9 | 63.8 | 76.9 | 66.2 |
Total | 431 | 473 | 440 | 447 | 474 | 527 | 537 | 436 | 546 | 634 | 596 |
Exports by Country
the United States (276K units) was the main destination for loading machinery exports from Canada, accounting for a 92% share of total exports. It was followed by the Netherlands (8.9K units), with a 3% share of total exports.
From 2013 to 2023, the average annual growth rate of volume to the United States amounted to +15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+8.4% per year) and Saudi Arabia (+3.5% per year).
In value terms, the United States ($506M) remains the key foreign market for lifting, handling, loading or unloading machinery exports from Canada, comprising 85% of total exports. The second position in the ranking was held by Saudi Arabia ($16M), with a 2.6% share of total exports.
From 2013 to 2023, the average annual growth rate of value to the United States totaled +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+20.6% per year) and the Netherlands (-8.8% per year).
Export Prices by Country
In 2023, the loading machinery price amounted to $1,980 per unit (FOB, Canada), dropping by -23.2% against the previous year. In general, the export price showed a abrupt curtailment. The pace of growth was the most pronounced in 2018 when the average export price increased by 40%. The export price peaked at $5,692 per unit in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.
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 ($1,833 per unit), while the average price for exports to the UK ($722 per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-9.6%), while the prices for the other major destinations experienced a decline.
This report provides an in-depth analysis of the loading machinery market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28221840 - Lifting, handling, loading or unloading machinery, n.e.s.
- Prodcom 28221850 - Loading machinery specially designed for agricultural use
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023