Price for Winches and Capstans; Not Powered by an Electric Motor in Canada - 2024
Contents:
- Price for Winches and Capstans; Not Powered by an Electric Motor in Canada (FOB) - 2024
- Price for Winches and Capstans; Not Powered by an Electric Motor in Canada (CIF) - 2022
- Exports of Winches and Capstans; Not Powered by an Electric Motor in Canada
- Imports of Winches and Capstans; Not Powered by an Electric Motor in Canada
Price for Winches and Capstans; Not Powered by an Electric Motor in Canada (FOB) - 2024
In January 2024, the average export price for winches and capstans; not powered by an electric motors amounted to $678 per unit, picking up by 118% against the previous month. Overall, the export price, however, recorded a mild slump. Over the period under review, the average export prices hit record highs at $807 per unit in January 2023; however, from February 2023 to January 2024, the export prices failed to regain momentum.
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 -1.2% per month.
Price for Winches and Capstans; Not Powered by an Electric Motor in Canada (CIF) - 2022
The average import price for winches and capstans; not powered by an electric motors stood at $70 per unit in 2022, remaining stable against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for winches and capstans; not powered by an electric motors decreased by -25.5% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 27% against the previous year. Over the period under review, average import prices hit record highs at $94 per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($223 per unit), while the price for China ($17 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Winches and Capstans; Not Powered by an Electric Motor in Canada
After two years of decline, overseas shipments of winches and capstans; not powered by an electric motors increased by 9.3% to 90K units in 2022. In general, exports, however, recorded a deep reduction. Over the period under review, the exports of reached the peak figure at 111K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of winches and capstans; not powered by an electric motors expanded notably to $60M in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 37%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Winches and Capstans; Not Powered by an Electric Motor in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 34.1 | 36.0 | 48.9 | 52.6 | 15.5% |
| Others | 10.7 | 5.0 | 7.1 | 7.2 | -12.4% |
| Total | 44.8 | 41.0 | 56.1 | 59.8 | 10.1% |
Top Export Markets for Winches and Capstans; Not Powered by an Electric Motor from Canada in 2022:
- United States (85.8K units)
Imports of Winches and Capstans; Not Powered by an Electric Motor in Canada
In 2022, approx. 708K units of winches and capstans; not powered by an electric motors were imported into Canada; with an increase of 15% compared with the year before. The total import volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; 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 27% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, imports of winches and capstans; not powered by an electric motors expanded markedly to $50M in 2022. Over the period under review, imports, however, continue to indicate a noticeable slump. Over the period under review, imports of reached the peak figure at $54M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Winches and Capstans; Not Powered by an Electric Motor in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 36.8 | 28.1 | 26.5 | 29.9 | -6.7% |
| China | 5.7 | 6.1 | 7.1 | 7.9 | 11.5% |
| Germany | 1.6 | 2.7 | 2.0 | 2.8 | 20.5% |
| Italy | 1.0 | 1.5 | 1.8 | 2.7 | 39.2% |
| United Kingdom | 1.9 | 0.7 | 0.3 | 1.3 | -11.9% |
| Taiwan (Chinese) | 0.8 | 0.5 | 0.6 | 0.9 | 4.0% |
| Mexico | 1.1 | 0.3 | 0.1 | 0.1 | -55.0% |
| Spain | N/A | 0.9 | 0.5 | 0.1 | -66.7% |
| Others | 4.7 | 4.9 | 4.5 | 4.0 | -5.2% |
| Total | 53.6 | 45.8 | 43.4 | 49.7 | -2.5% |
Top Suppliers of Winches and Capstans; Not Powered by an Electric Motor to Canada in 2022:
- China (464.2K units)
- United States (134.5K units)
- Italy (28.8K units)
- Germany (27.6K units)
- Taiwan (Chinese) (24.5K units)
- United Kingdom (11.8K units)
- Spain (3.4K units)
- Mexico (1.6K units)
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