Report Update: Apr 1, 2024

Canada - Machines For Working Wire - Market Analysis, Forecast, Size, Trends And Insights

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Working Wire Machine Price in Canada - 2023

Working Wire Machine Price in Canada (CIF) - 2022

In 2022, the average working wire machine import price amounted to $1,560 per unit, increasing by 13% against the previous year. In general, the import price, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by 91%. The import price peaked at $7,904 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 China ($2,271 per unit), while the price for Thailand ($317 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-6.2%), while the prices for the other major suppliers experienced a decline.

Working Wire Machine Price in Canada (FOB) - 2022

In 2022, the average working wire machine export price amounted to $2,896 per unit, shrinking by -91.5% against the previous year. Over the period under review, the export price saw a precipitous shrinkage. The pace of growth was the most pronounced in 2020 an increase of 170% against the previous year. Over the period under review, the average export prices reached the peak figure at $39,848 per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($29,367 per unit), while the average price for exports to Switzerland ($130 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 China (+14.7%), while the prices for the other major destinations experienced mixed trend patterns.

Working Wire Machine Imports in Canada

Working wire machine imports into Canada dropped notably to 4.8K units in 2022, waning by -20.7% against the year before. Overall, imports showed a dramatic curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 51%. Imports peaked at 11K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, working wire machine imports contracted to $7.5M in 2022. Over the period under review, imports showed a sharp contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. Over the period under review, imports reached the peak figure at $34M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Working Wire Machine in Canada (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	28.9	1.6	1.0	1.9	-59.6%
United States	0.9	1.2	1.7	1.5	18.6%
Taiwan (Chinese)	0.1	0.3	0.2	1.3	135.1%
Switzerland	0.1	0.3	0.9	1.2	128.9%
Germany	0.9	0.1	1.2	0.4	-23.7%
Italy	0.1	N/A	0.6	0.3	44.2%
Thailand	N/A	0.6	0.3	0.2	-42.3%
Spain	N/A	N/A	0.2	N/A	0%
Others	2.7	2.7	2.2	0.7	-36.2%
Total	33.7	6.7	8.3	7.5	-39.4%

Top Suppliers of Working Wire Machine to Canada in 2022:

Switzerland (1128.0 units)
United States (825.0 units)
China (823.0 units)
Taiwan (Chinese) (583.0 units)
Thailand (558.0 units)
Germany (338.0 units)
Italy (211.0 units)

Working Wire Machine Exports in Canada

In 2022, the amount of machines for working wire exported from Canada surged to 288 units, picking up by 893% on 2021. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, working wire machine exports plummeted to $833K in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 597%. As a result, the exports attained the peak of $1.1M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Working Wire Machine in Canada (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	133	1,036	845	791	81.2%
Switzerland	N/A	N/A	N/A	32.6	0%
Others	29.2	94.2	147	8.8	-33.0%
Total	162	1,130	991	833	72.6%

Top Export Markets for Working Wire Machine from Canada in 2022:

Switzerland (250.0 units)
United States (35.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the working wire machine 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 28413450 - Machines for working wire (excluding draw-benches, thread rolling machines)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023