Canada: Way-Type Unit Head Market 2024

Way-Type Unit Head Market Size in Canada

After two years of growth, the Canadian way-type unit head market decreased by X% to $X in 2023. In general, consumption continues to indicate a perceptible downturn. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market remained at a lower figure.

Way-Type Unit Head Exports

Exports from Canada

In 2023, after two years of growth, there was significant decline in shipments abroad of way-type unit heads for working metal, when their volume decreased by X% to X units. In general, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

In value terms, way-type unit head exports declined significantly to $X in 2023. Over the period under review, exports recorded a dramatic setback. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

Exports by Country

Venezuela (X units) was the main destination for way-type unit head exports from Canada, with a X% share of total exports. Moreover, way-type unit head exports to Venezuela exceeded the volume sent to the second major destination, Mauritania (X units), twofold. The United States (X units) ranked third in terms of total exports with a X% share.

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

In value terms, the United States ($X) remains the key foreign market for way-type unit heads for working metal exports from Canada, comprising X% of total exports. The second position in the ranking was taken by Venezuela ($X), with a X% share of total exports. It was followed by Mauritania, with a X% share.

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: Venezuela (X% per year) and Mauritania (X% per year).

Export Prices by Country

In 2023, the average way-type unit head export price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Italy ($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 Brazil (X%), while the prices for the other major destinations experienced mixed trend patterns.

Way-Type Unit Head Imports

Imports into Canada

In 2023, after two years of growth, there was significant decline in purchases abroad of way-type unit heads for working metal, when their volume decreased by X% to X units. In general, imports recorded a perceptible contraction. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2023, the growth of imports remained at a lower figure.

In value terms, way-type unit head imports declined remarkably to $X in 2023. Overall, imports continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2022, and then fell notably in the following year.

Imports by Country

The United States (X units), Taiwan (Chinese) (X units) and China (X units) were the main suppliers of way-type unit head imports to Canada, with a combined X% share of total imports. Slovenia, Mexico, Spain, India, Italy, France and Germany lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest way-type unit head suppliers to Canada were Spain ($X), the United States ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports. China, Slovenia, Mexico, France, India, Italy and Germany lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The average way-type unit head import price stood at $X per unit in 2023, shrinking by X% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2023: its price 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, way-type unit head import price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2022 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit, and then reduced markedly in the following year.

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 Spain ($X per unit), while the price for Slovenia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform