Pumps; Parts Thereof Price in Canada - 2023
Contents:
- Pumps; Parts Thereof Price in Canada (CIF) - 2022
- Pumps; Parts Thereof Price in Canada (FOB) - 2022
- Pumps; Parts Thereof Imports in Canada
- Pumps; Parts Thereof Exports in Canada
Pumps; Parts Thereof Price in Canada (CIF) - 2022
In 2022, the average pumps; parts thereof import price amounted to $28,289 per ton, shrinking by -5.7% against the previous year. Over the period under review, the import price recorded a mild shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 14%. The import price peaked at $35,678 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Mexico ($28,289 per ton) and the United States ($28,289 per ton), while the price for South Korea ($28,289 per ton) and Italy ($28,289 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (-1.8%), while the prices for the other major suppliers experienced a decline.
Pumps; Parts Thereof Price in Canada (FOB) - 2022
In 2022, the average pumps; parts thereof export price amounted to $56,333 per ton, therefore, remained relatively stable against the previous year. In general, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pumps; parts thereof export price increased by +60.7% against 2013 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 20%. The export price peaked in 2022 and is likely to continue growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($59,372 per ton), while the average price for exports to Oman ($14,293 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Pumps; Parts Thereof Imports in Canada
In 2022, imports of pumps; parts thereoves into Canada surged to 31K tons, jumping by 21% compared with the previous year's figure. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 22%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, pumps; parts thereof imports rose significantly to $874M in 2022. The total import value increased at an average annual rate of +1.1% 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 15%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Pumps; Parts Thereof in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 451 | 375 | 407 | 484 | 2.4% |
| China | 136 | 99.4 | 116 | 136 | 0.0% |
| United Kingdom | 34.4 | 31.5 | 28.4 | 34.0 | -0.4% |
| Germany | 37.1 | 24.6 | 29.6 | 32.7 | -4.1% |
| South Korea | 36.1 | 32.8 | 36.3 | 32.4 | -3.5% |
| Mexico | 17.6 | 8.5 | 15.5 | 23.0 | 9.3% |
| India | 16.0 | 13.4 | 16.5 | 21.4 | 10.2% |
| Italy | 16.1 | 12.2 | 16.7 | 16.8 | 1.4% |
| Japan | 31.8 | 14.6 | 20.0 | 13.3 | -25.2% |
| Others | 68.4 | 51.4 | 78.7 | 80.0 | 5.4% |
| Total | 845 | 663 | 764 | 874 | 1.1% |
Top Suppliers of Pumps; Parts Thereof to Canada in 2022:
- United States (17.1K tons)
- China (4.8K tons)
- United Kingdom (1.2K tons)
- Germany (1.2K tons)
- South Korea (1.1K tons)
- Mexico (0.8K tons)
- India (0.8K tons)
- Italy (0.6K tons)
- Japan (0.5K tons)
Pumps; Parts Thereof Exports in Canada
In 2022, the amount of pumps; parts thereoves exported from Canada surged to 7.5K tons, growing by 27% against 2021. Over the period under review, exports, however, continue to indicate a mild decrease.
In value terms, pumps; parts thereof exports surged to $424M in 2022. The total export value increased at an average annual rate of +4.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Pumps; Parts Thereof in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 271 | 217 | 262 | 325 | 6.2% |
| Panama | N/A | 0.1 | N/A | 11.7 | 981.7% |
| Colombia | 4.7 | 1.6 | 3.9 | 9.5 | 26.4% |
| Oman | 0.8 | 3.1 | 1.3 | 6.0 | 95.7% |
| Argentina | 11.7 | 2.2 | 3.5 | 4.4 | -27.8% |
| Australia | 14.6 | 8.2 | 4.6 | 4.2 | -34.0% |
| Others | 72.0 | 55.2 | 55.4 | 62.8 | -4.5% |
| Total | 375 | 287 | 330 | 424 | 4.2% |
Top Export Markets for Pumps; Parts Thereof from Canada in 2022:
- United States (5.5K tons)
- Oman (0.4K tons)
- Panama (0.2K tons)
- Colombia (0.2K tons)
- Australia (0.1K tons)
- Argentina (0.1K tons)
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